RENT AGREEMENT

       This Agreement is executed at Delhi on this …. -     -       .
                                            BETWEEN
Mrs.                                  W/O Shri                R/O Flat . (Hereinafter called the landlord)
                                              AND
Mr.            S/O late shri              R/O New Delhi 110049. (Hereinafter called the Tenant).

The expression of both the parties wherever they occur in the body of this agreement, shall mean and include their respective heirs, executor’s administrators, nominees and assigns.
WHEREAS the landlord is the owner of flat / Shop No:                New Delhi 110075.
 
  NOW THIS AGREEMENT WITNESSETH AS UNDER: -

1.  WHEREAS the Second Party has approached to the First Party to let out the above said property for commercial purposes and that landlord is in position to let out the aforesaid property for renting and tenant is agreeable to accept the same for the commercial purpose.

2.  That the tenancy shall be monthly in nature, commencing from 1st day of each English calendar month and ends with the day of the next month. The tenancy has started w.e.f …… for 11(eleven) months. The tenancy can be renewed with the consent of First party with fresh terms and conditions upto 24 months. The above rent is fixed and agreed rent between the two parties and the Second Party shall have no legal right to challenge it otherwise in any court of law.

3.  That the premises in question is let out to the Second party for a period of 11(eleven) months only for the exclusive use of the Second party for commercial purposes only and is not transferable to any other person.

4.  That rent for the 11 months as per mutual settlement of the parties is fixed Rs 10000/= (Rupees Ten thousand only) per month and the same is payable in advance on or before 1st day of every English calendar month. If the agreement is renewed after 11 months, rent for next year will be increased by 20% (twenty percent). 

5.  The period of tenancy above stated can be curtailed by tenant with a clear notice of one month in writing to landlord and landlord shall also serve one month notice in case of eviction of the said property to the tenant

6.  Tenant shall use the rented premises only for commercial purposes i.e. running of office-cum-shop presently which is Franchisees / distributorship in batteries.

7.  Tenant shall not use the rented premises to carry out business in items like arm & ammunition, dangerous material, fire hazard-material, health-hazard material, material prohibited by Govt law etc.

8.  Tenant shall not sub-let any portion of the rented premises to any one else. Tenant is also not permitted to part with any portion of the rented premises to any one else by way of partnership etc.

9.  Tenant shall keep the rented premises in good sanitary condition and the same shall be used after keeping in view the prevailing rules/regulation/bye-laws of the Delhi Municipal corporation /D.D.A. etc.

10.  The Landlord at his own cost will carry out all major repairs to the rented portion. However, tenant at his own cost will be done all minor repairs.

11.  No additions /alterations of any kind will be done in the rented portion by tenant without prior consent of landlord, in writing.

12.  That the Second Party shall permit the First Party or his/her authorized representatives to enter upon the said premises as and when necessary with the prior intimation to the second party.

13.  That the Second Party shall pay electricity and water charges as per meter reading to the concerned authorities. The above said rental excludes electricity charges.

14.  The tenant has paid security amount of Rs      = of (Rupees           to the landlord which shall be refundable after expiry of the tenancy period without interest. Landlord and tenant in the presence Witnesses given below have signed this Agreement: -


WITNESSES: -                          TENANT                                          

1.                                                                                                                                                                


2.                                              LANDLORD