RENT AGREEMENT

THIS DEED OF RENT AGREEMENT is made at ........................ on this day

of .................2021
BETWEEN
Mrs. Renu Gupta w/o Mohinder Kumar Gupta (hereinafter referred to as the
Landlord/Landlady which term shall where the context so admits include his/her
legal heirs, assigns, executors, successors, legal representatives and administrators)
of the one part.
AND
Narinder Kumar Singla s/o Charanji Lal Singla (hereinafter referred to as the
Tenant/s which term shall where the context so admits include his/her legal heirs,
assigns, executors, successors, legal representatives and administrators) of the
other part.

AND WHEREAS the said Landlord/Landlady is sole and absolute owner of Flat
No. 502, 5th Floor Tower No.1, Motia Royal City, Ambala Chandigarh
Highway, Zirakhpur. He/she wants to rent out to the said tenant (hereinafter
described the premises).

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AND WHEREAS the said Landlord/Landlady has agreed to give the said premises
to the above said tenant/s on rent on the following terms and conditions.
NOW THIS DEED FURTHER WITNESSETH AS FOLLOWS -

1. That the monthly rent of the above mentioned premises shall be Rs.23,000/-
(Rupees - Twenty Three Thousand only) per month payable in advance.

2. That the period of Tenancy shall be for two years commencing

from................to ............. .

3. That the rent is payable in advance by 7th day of each English Calendar month,
if the rent is delayed, then interest @ 24% will be charged for the delayed
period.

4. That the rent shall be increased @5% on the last month's rent paid, after one
year.

5. That the electricity and water charges are exclusive in the above mentioned
rent and the same shall be paid separately by the tenant/s directly to the
department concerned and in case of meter is burnt, it shall be replaced by the
tenant on his/her expenses.

6. That after the expiry of tenancy period i.e. after ............... the tenancy can be
continued only if both the parties agree mutually on the fresh terms and
conditions and a new rent deed is signed between both the parties. If no fresh
rent deed is signed then a penal rent of Rs. 1500/- (Rs. One Thousand five
Hundred) per day will be charged for every day after the expiry of tenancy
period.

7. That the tenant/s can vacate the said premises by giving one months advance
notice at any time during the period of the tenancy by restoring peaceful
possession of the demised premises in a state of good repair and similarly the
landlord/landlady can get the said premises vacated by giving one month/s
advance written notice to the said tenant/s.

8. That the said premises shall be used only for residential purposes.

9. That the tenant shall be responsible to maintain the said premises in excellent
condition during the period of tenancy.

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10. That the tenant shall not sublet the whole or part of the premises at all
however to any other person or persons.
11. That the tenant shall not make any additions/alterations on the said premises or
its fittings +fixtures without prior permission of the said Landlord/Landlady in
writing during the period of tenancy.

12. That the Landlord/Landlady or his/her authorised agent(s) has full right to enter
into said premises in day hours by giving Verbal notice to the tenant/s to
inspect the premises.

13. That the tenant/s has paid a sum of Rs. 18,000/- (Rupees Eighteen Thousand
only) to the said Landlord / Landlady as a security and this amount will carry
no interest. This amount will be refunded only when the premises is vacated by
the tenant in proper and original conditions. The cost of any sort of damages
will be deducted at the then prevailing rates from this security amount at the
time of refund of security amount. This security amount will not be adjusted in
the rent.

14. That the tenant shall be responsible to get insured all items in the premises
rented against fire, theft, damage (accidental or deliberate), or any Acts of
God. The Landlord/ Landlady shall not be responsible for the same, nor will be
liable in any way, in this regard.

15. That this Deed of Rent is made in duplicate. Original will be kept by the
Landlord/landlady and copy thereof by the Tenant.

IN WITNESS WHEREOF the parties here to have executed this deed of rent,
in the presence of the witnesses, on the date, month and year above mentioned.

WITNESS No. 1 LANDLORD/LANDLADY

WITNESS No. 2 TENANT/S

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