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Lease Deed
Lease Deed
This Rent Deed is made and executed on this ____day of __________, 2017 at New
Delhi.
BY AND BETWEEN
MR. BAKHTAWAR SINGH YADAV, R/o RZ-1106-B, Gali No.-11, Sadh Nagar
Palam Colony, New Delhi-110045 (hereinafter called “THE LANDLORD” which
expression shall unless it be repugnant to the context include, the said LANDLORD
their heirs, successor, executors, administrators, Legal representatives, nominee(s) and
assignees of the one part);
AND
MR. GOPAL AGARWAL, S/o Sh. Bishambhar Dayal Agarwal, Resident of at RZ-
1106-B, Ground Floor, Gali No.-11, Sadh Nagar Palam Colony, New Delhi-110045,
(hereinafter called “THE TENANT” which expression shall unless it be repugnant to
the context include, the said TENANT their heirs, successor, executors,
administrators, Legal representatives, nominee(s) and assignees of the other part);
WHEREAS Landlord is desirous to give his premises to the tenant on rent where
Landlord have exclusive right and the absolute owner of the said premises situated at
RZ-1106-B, Gali No.-11, Sadh Nagar Palam Colony, New Delhi-110045, (herein after
referred to as SAID PREMISES) and for the said residential purpose and reason, the
‘TENANT’ is entering into an agreement with “LANDLORD” and willing to do so on
the terms and conditions set forth below:
B. The “Landlord” represents and warrants that the Landlord is the absolute owner
and in possession of the said Demised premises and is fully empowered and
authorized and able to execute this rent deed and that the Landlord will hold the
“Tenant” free and harmless of any demands, claims, actions or proceedings by
other in respect of quiet possession of the said premise.
2. WHEREAS it is agreed by and between the parties that rent shall be for the
period of Eleven (11) Months commencing from 17.02.2017.
3. WHEREAS it is agreed between the parties that the Tenant shall, subject to the
terms hereof, pay monthly advance rent on or before the 7th day of every month
for the said premises at the rate of Rs.10,000/-(Rupees Ten Thousand Only) for
the agreed period and after that the rent shall be increased at the rate of 10% at
the end of rent period which is eleven month. The rent will be paid by the
Tenant through Cheque/Demand Draft/RTGS only. It is further agreed and
made clear to the Tenant that the rent shall be exclusive of charges for the
consumption of electricity, water, common area charges of the Society etc. and
the same shall be payable in addition to the rent for the said premises.
4. That the rent shall reckoned according to the English Calendar month which
shall commence from 1st day of each English Calendar month and shall end on
the last day of the same.
5. WHEREAS it is agreed between the parties that the Tenant shall be entitled to
use the said premises exclusively for the residential purpose by Mr. Gopal
Agarwal and his family only and the said premises cannot be used for any
commercial activities and also not be sub-letted to others in any manner
whatsoever it may be.
6. WHEREAS it is agreed between the parties that the TENANT shall liable to
pay the electricity and water bills as raised by the concerned authority within
due date, directly to the concerned authority as per bills where after making
payment, the original copy of the bills alongwith details of payment be
submitted to the Landlord for record.
7. WHEREAS the Tenant has already deposited the interest free security money
of Rs. 10,000/-(Rupees Ten Thousand) where Rs 5,000/-(Rupees Five
Thousand) will be refundable on the termination of rent deed and the remaining
Rs.5,000/-(Rupees Five Thousand) shall be refunded only after making
deduction of dues and changes pending under various heads, if any.
8. WHEREAS it is agreed between the parties that the Tenant shall maintain the
interior of premises and open areas in good condition, where the minor and day
to day repairs and charges will be done by the Tenant at his own cost and
expenses.
9. WHEREAS it is agreed between the parties that the Tenant shall not make any
additional, alterations or structural changes in the said premises and shall not
cause and permit to cause any damage to the said premises. Any changes must
be after taking prior written approval but can install telephone, Air Conditioner,
water cooler etc at its own cost and expenses. If due to
mishandling/overloading the fans, booster pump, motor, electric fans etc. is
damaged or burnout the Tenant shall be responsible for its replacement at its
own cost and expenses.
10. That the Tenant shall not sub-let, assigns or otherwise part with the possession
in part or whole of the premises in favour of any other person/entity.
11. WHEREAS it is agreed between the parties that Landlord shall pay any taxes
and/or other charges such as house tax, municipal tax etc. which is lawfully
liable or imposed by the appropriate authority/local bodies. In case of any
default by the Tenant where the Landlord will suffers due to their conduct then
the Tenant shall be liable to indemnify the Landlord.
12. That the general expenses for repairs, like fuses, sanitary, leakages of water
tape and pipeline, electric disconnection and things of the like category shall be
borne by the Tenant.
13. WHEREAS the Tenant shall follow all the rules, regulation of the local
authorities whatsoever with relation to the said premises.
14. That the Tenant shall allow the Landlord or his authorized agent to inspect the
premises at any reasonable time with prior information.
15. WHEREAS it is mutually agreed between the parties that both the parties shall
be entitled to terminate the rent agreement by giving a month advance notice
in writing of its intention to do so.
16. That the Tenant undertakes to handover the peaceful proper possession of the
premises to the Landlord with all fittings, fixtures, in good working condition
on the expiry or termination of the agreement.
17. That in the event of any breach in the aforesaid terms and conditions, the
Landlord shall be at liberty to immediately recover the possession of the said
premises.
18. In case any dispute or difference arises between the parties with regard to the
terms and conditions of this agreement or relating to the interpretation thereof,
the same shall be referred to the arbitrator appointed by both the parties at their
sole discretion and such arbitration shall be in accordance with the provisions
of the Arbitration and Conciliation Act, 1996, or any statutory modification or
re-enactment thereof for the time being in force, which shall take place at New
Delhi, in English language. The Parties agree that the arbitration award shall be
final and binding on the parties.
19. That upon the expiry of the rent period on 16.01.2018, if rent is not extended,
the Tenant shall vacate and handover the physical possession of the premises to
the Landlord.
20. WHEREAS it is agreed between the parties that in case of any dispute with
regard to the rent agreement, the same shall be subject to the jurisdiction of
courts at New Delhi and the Indian Law shall be applicable.
______________________ ______________________
(LANDLORD) (TENANT)
WITNESSES: