Lease agreement format for Residential House. Rent agreement format for
Residential Accommodation

Format of lease agreement for residential House is given below. If the lease
agreement is for less than 11 months it need not be registered. If the rent
agreement is for more than 11 months it is to be registered with the
Sub-Registrar in the particular area. Lease Deed for 11 months can be prepared
on Rs. 100/- stamp paper.

 

 

LEASE DEED

This Lease Deed  is  made  on  this  the ___________ day of
_____ between Sh. / Smt. __________________ Son / Daughter of
__________________, Resident of ______________________________
hereinafter  called the  Lessor (which expression unless
repugnant  to the context  or  law shall include his/her  heirs
 successors, legal representatives and assigns) of the one part

AND

Sh./ Smt ________________ Son/ Daughter of Sh.
__________________________ Resident of
________________________________ hereinafter called the Lessee (which expression  unless
repugnant to the context or law shall include its successors,
and assigns) of  the other part.

Whereas the Lessor owns the premises being Flat No.
_____________________________ consisting of ____ bedrooms,
_______ bathrooms/toilets with geysers, one drawing-cum-dinning
room and one kitchen along with all the fixtures and fittings
described in Annexure I attached hereto as also one covered car
parking space.

And Whereas, the Lessee is wants to arrange for residential
accommodation for self and family in the said premises.

And Whereas the Lessee is desirous of taking the said flat on
rent for the aforesaid purpose and Lessor has agreed to let out
the said Flat No. _________________________ on the terms and
conditions appearing hereinafter, for a period of __ months.

Now this Lease Deed witnesseth as under:

1. That the Lessor has agreed to leased out the Flat No.
_________________ to the Lessee at a rent of Rs._____________/-
per month inclusive of maintenance and other charges towards
fittings and fixtures for a period of __months commencing from
–/–/—-, after deduction of tax as required by law.

2. That the flat has been handed over in a good tenantable
condition by the Lessor to the Lessee.

3. That the Lessee is fully entitled to request the Lessor
for renewal of the lease for a further period of __ months on
the same terms and conditions except that the rent would be
revised by __% p.a. which is acceptable to the Lessor.

4. That the Lessee shall pay charges for electricity and
water consumed as per bills received from the concerned
authorities before the due date.

5. That the Lessee shall not make any additions or
alterations or structural changes in the said flat provided,
however, that the lessee may erect temporary partitions, install
air-conditioners, refrigerators, cooking range and other
fixtures, fittings and equipment at its own cost and on
termination of the lease restore the said flat to its original
condition.

6. That all day-to-day minor repairs shall be carried out by
the Lessee at its own cost and all major repairs shall be
carried out by the Lessor at his own cost. For the said purpose,
the Lessee shall permit the Lessor or his authorised agents,
surveyors and workmen with all necessary appliances to enter
into the flat during working hours to carry out such major
repairs, for which the Lessor would, on receiving such request,
send a notice to the Lessee in this behalf.

7. That the Lessor will ensure to the Lessee a peaceful and
uninterrupted use and enjoyment of the flat during the terms of
this lease and extension thereof without any interruption from
the Lessor or any of his/her agents.

8. That the lessee shall exclusively use the said flat for
residential purposes as mentioned above.

9. That the Lessee shall not keep or store any goods or any
other material of a combustible or explosive nature, or cause
any nuisance or annoyance to the neighbours and other occupants
of the building and shall observe and perform all the rules and
regulations and bye-laws as to the use of the building as laid
down by the concerned Association/Society of the building from
time to time.

10. That the Lessee shall not interfere with the usage of
common portions of the building and in no way obstruct the free
passage and movement in the common portions reserved for use of
other occupants of the building like corridors, common stairs
etc.

11. That  the  Lessee  shall  hand  over  the   vacant
possession of the said Premises to the Lessor on expiry of lease
with  all  fittings and fixtures  in good repair (normal  wear
 and tear excepted).

12. That on expiry of the lease period, if the same is not
renewed or is determined earlier, for any reason whatsoever, the
Lessee shall vacate and voluntarily hand over vacant physical
possession of the said premises to the Lessor.

13. That the Lessee and Lessor are at liberty to terminate
the lease by sending to the other party one month?s notice.

14. That the Lessor will have the right to terminate the
lease in case of breach of the terms of the lease or any other
covenant, term or condition contained herein.

15. That in the eventuality of the Lessee
vacating the premises under any circumstances, it
will be entitled to remove all the fixtures and
fittings, air conditioners, refrigerators, cooking
range or any other equipments brought in or
installed by it in the demised premises.

16. That the Lessee has, at the request of the lessor,
deposited a sum of Rs. _____/- as interest free security deposit
with the lessor which shall be either refundable at the time of
vacation of the premises or be adjusted in the last two months
rent before vacating the premises by the lessee.

17. That the lessee is entitled to deduct income tax or any
other tax, as may become applicable, out of the payment of rent
to the lessor. However, the lessee assures and undertakes that
it shall issue the necessary TDS certificates on account of any
statutory deductions having been made, within the time
prescribed by law.

18. That the lessor shall be a liable for payment of all
taxes including property tax, house tax, ground rent, scavenging
tax or any other tax cess or charge imposed by any municipal of
public authority in respect of the property in question.

19. That the lessor has handed over the premises to the
lessee in good tenantable condition, which the lessee accepts.
However, any defect or deficiency discovered later on by the
lessee would be rectified and attended to by the lessor at her
own cost.

20. That the lessee shall not do things which may be of
nuisance or annoyance to the neighbours or which may damage the
premises of the lessor or any other portion of the building.

21. That the lessor accepts the purpose of use of the subject
premises by the lessee. However, in case of any violation of any
laws, the lessee would be responsible for the same. In any case,
if any permission, approval or license is required, the lessor
agrees to sign the necessary papers in that regard.

22. That the lessor and the lessee represent and warrant that
they are fully empowered authorized and able to execute this
lease and that the lessor shall keep the lessee free and
harmless of any demands, claims, actions of proceedings in
respect of the said premises.

23. That the lessee shall be required to give a notice in
writing to the lessor of its intention to have the lease renewed
for a further period of ___ months.

IN  WITNESS  WHEREOF  the Lessor and  Lessee  have  set their
 hands to the this Lease Deed on the  day,  month and  year
 first  above mentioned in  presence  of  the witnesses signing
hereunder:

LESSOR

1.

LESSEE

2.