Wednesday, June 25, 2014

FORMAT OF RENT AGREEMENT

RENT AGREEMENT

This Rent Agreement made on ____ day of _____ 20XX between  Sh. _______________  S/o _________  R/o  _________________, Partner M/S ________________ here in after referred to as the party of the first part.


                                                                                                            ----Tenant----
                                                            AND
___________ s/o ____________ R/o _________________ herein after referred to as the party of the second part.

                                                                                                            ---Landlord---


WHEREAS the party of the Second part is the owner of the premises at _____________________ and the party of the first part is the partner/ prop of M/S ______________ AND WHEREAS the party of the Second part in its capacity of owner of a Premises gives it on rent to the party of the first part on a monthly rent of Rs. _________.


AND WHEREAS to avoid any further dispute the parties have decided to bring the terms & conditions of the rent deed into black & white.

                        NOW THIS DEED WITNESSES AS UNDER: -

1.         That the party of the first part will give a rent of Rs.__________ per month to the party of the 2nd  part for using the Premises.


2.         That the party of the 1st part will be responsible for the maintenance of the Premises.

3.         That the party of the 1st part will vacate the Premises within one month on receiving the notice from the party of the 2nd part.

That this rent Agreement will remain in force for 5 years from the date of its execution and there shall be increase in 10% of rent every year.

IN WITNESS WHEREOF THE PARTIES have signed this rent deed in Jammu in the presence of the Witness on this _____  day of ____ 20XX.

WITNESSES                                    

 
1.                                                                     1. Sh. ______________


2.                                                                     2.  ________________



                                                                       


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