This rental agreement is made and executed on nth day of Month, 20XX by and between
Mr/Mrs. _________________ (Landlord/Owner), Son/Wife of ________, aged about nn years, presently residing at ______________ (Residential Address).
(Here in after called the “Land Lord/Owner” which term shall unless contrary to the context include assignees of the “First Part”)
AND
Mr/Mrs. _________________ (Tenant), Son/Wife of ________, aged about nn years, presently residing at ______________ (Residential Address), carrying the business as proprietorship firm/ partnership firm/ limited liability partnership firm/ private limited company under the name & the style of M/s ______________.
(Here in after called “Tenant” which term shall unless contrary to the contest include assignees of the “Second Part”)
Whereas the landlord/owner is the absolute owner and possessor of scheduled property. Whereas the tenant approached landlord/owner and requested to let out the scheduled property for commercial purpose and has agreed to let out the same on the following terms and conditions:
Now this agreement witnesseth as follows:
- The premises situated at ____________________. (Office/Shop Address as Place of Business)
- That the period of tenancy is deemed to have been commenced on 01st Month, 20XX and it will be for a period of 11 months and further this agreement is deemed to be renewal for the same rental period unless otherwise specifically agreed upon the completion of aforesaid rental period.
- That the tenant has to pay a monthly rent of Rs. nn/- (Rupees _______ only in words) applicable for such entire rental period.
- That the Tenant shall pay the electricity, repairs, workshop and other charges, leaving municipal and other property taxes to be paid by the owner.
In WITNESS WHEREOF, the parties herein have affixed their signatures with free will on this day, month and year above mentioned.
| Witness: 1. Mr/Mrs. ___________ 2. Mr/Mrs. ___________ | Land lord/Owner Tenant |