This is a rental leave and license agreement form, this form is especially applicable only in India. When printing this form you have to print the first page on an Rs.100 value stamp paper, and the rest of it has to be printed on normal legal size paper. This form can be used for rental lease agreement of 11 months in India.
In India the usual term for a rental lease agreement is 11 months especially for residential properties, and using this form you can easily create the legal documentation required to execute the 11 month rental lease agreement.
The details that need to be filled in this form are as follows the date on which the agreement is being signed along with the place. The name of the LESSOR and the name of the LESSEE. The document then also states that the lessor is the owner, and has position of the premises for which the rental lease agreement is being entered into.
Other leaders that have to be added are as follows, the period or length of time for which the rental lease agreement to be created. The date on which the rental lease starts, the date on which it ends. Then you also have to mention the amount that has been decided upon for the rent for the amount is usually based upon a monthly rent collection system.
Another thing that has to be mentioned is the amount that the lessee has paid has an interest free refundable security deposit. The security deposit shall be refunded to the lessee upon completion, expiry or earlier termination of this agreement. Any outstanding dues, damages payable by the lessee will be adjusted when the funding the security deposit amount.
Right at the end of the agreement there is space for the signatures of the lessee and lessor, and along with them the signatures of two witnesses is also needed to validate the rental lease agreement form.
Indian 11 Months Rental Lease Agreement
Indian 11 Months Rental Lease Agreement
Text Version of this Form
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THIS AGREEMENT TO LEASE is made and entered into at
_____________on this the ______ day of _____________2013:
Sri. ___________________ hereinafter called the LESSOR (which expression
shall include his heirs, successors, legal representatives, administrators,
executors and assignees) OF THE ONE PART.
Sri. _______________hereinafter called the LESSEE which expression shall
include his heirs, successors, legal representatives, administrators, executors
and assignees) OF THE OTHER PART:
The LESSOR is the sole and absolute owner, in possession of the premises
which is more particularly described hereunder (hereinafter referred to as the
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‘SCHEDULED PREMISES’) having full and unfettered rights to lease the
same or any portion thereof.
The LESSEE intends to take on lease the SCHEDULED PREMISES to be
used as “___________Premises” for its company.
The LESSOR has agreed to give on lease and the LESSEE has agreed to
take on lease, the SCHEDULED PREMISES on certain terms and conditions
as are stated hereunder.
NOW THIS AGREEMENT WITNESSETH AS FOLLOWS:
1. The LESSOR agrees to lease the SCHEDULED PREMISES to the
LESSEE for a period of __________months (hereinafter referred to
as the “Agreement Period”), commencing on date of signing of this
agreement and ending on_____________ .
2. The LESSEE shall use the SCHEDULED PREMISES as
“Office/Residential Premises” for its company.
3. The LESSEE shall pay to the LESSOR as lease rent for the
SCHEDULED PREMISES, an amount of Rs.___________ /- (Rupees
________________only) per month, exclusive of water and electricity
charges, by way of a cheque/cash on or before the ___ day of every
4. The LESSEE has paid an amount of Rs.________/-
(Rupees___________ only) to the LESSOR, by way of cheque drawn
on _________ Bank, ____________ Branch bearing No.__________,
Dt. ________________, as interest free refundable security deposit,
which shall be refunded by the LESSOR to the LESSEE promptly at
the expiry or earlier termination of this Agreement, whichever is
earlier, after adjusting any outstanding dues payable by the LESSEE
and on the LESSEE delivering vacant possession of the SCHEDULE
5. The LESSEE shall pay the applicable electricity and water charges
directly to the concerned authorities according to the meter, installed at
the SCHEDULED PREMISES or as billed by the concerned
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6. The LESSEE shall not carry out any structural additions or alterations
to the SCHEDULED PREMISES without the prior consent of the
LESSOR. However, the LESSEE shall at its own cost, be entitled to
install such domestic electrical appliances as may be found necessary
by it. On the expiry or earlier termination of this Agreement, the
LESSEE shall remove and take away all the appliances installed by it
and restore the SCHEDULED PREMISES to its normal condition,
subject to normal wear and tear.
7. All rates, taxes and other levies and / or out goings on account of
property tax and all other levies, municipal or otherwise shall be paid
by the LESSOR in time, failing which the LESSEE can pay any such
outstanding dues to the concerned authorities and deduct such
amount from the monthly lease rent payable.
8. The LESSOR undertakes to fully perform his obligations stated herein
and also comply with the requirements of the concerned municipal and
other applicable authorities to ensure peaceful occupation of the
SCHEDULED PREMISES by the LESSEE, during the Agreement
9. The LESSOR shall not violate any rules, regulations, laws and
byelaws of the municipal corporation or any local authority having
jurisdiction over the SCHEDULED PREMISES.
10. The minor day-to-day repairs such as replacement of fuses, fixing of
leaking water taps, minor maintenance of electrical/sanitary and other
fittings and fixtures shall have to be carried out by the LESSEE at its
own cost, but all major repairs including replacement or breakage,
bursting of sanitary pipes, changes in the electrical system, cracks in
construction etc., shall be repaired/replaced by the LESSOR at his
11. The LESSEE at the expiry of the Agreement Period may at its option
renew the lease for a further period of _________months from time to
time on such terms and conditions as are mutually agreed by the
LESSOR and the LESSEE.
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12. On the expiry of the lease or on earlier termination of the lease, the
LESSEE shall deliver the vacant possession of the SCHEDULED
PREMISES to the LESSOR in good condition, subject to natural wear
13. The LESSOR shall have free and unobstructed access to the
SCHEDULED PREMISES for inspection and to carry out repairs
provided the LESSEE is given at least 24 hours advance notice and a
time for such inspection or repairs is fixed and the convenience of the
LESSEE shall be taken into account in this regard.
14. The LESSEE shall not sub-let, assign or transfer or otherwise part with
the possession of the whole or any part of the SCHEDULED
15. The LESSEE or the LESSOR may terminate this Agreement any time
during the Agreement Period, subject to the issuance of an advance
notice of ________months, made in writing.
16 The LESSOR represents and warrants that he is fully empowered,
authorized and able to let out the SCHEDULED PREMISES on lease
to the LESSEE as envisaged in this Agreement and that there is no
mortgage, charge or any other encumbrance of any nature in respect
of the SCHEDULED PREMISES and that he will keep the LESSEE
harmless and indemnified from any proceedings initiated by others in
respect of the quiet possession and enjoyment of the SCHEDULED
PREMISES by the LESSEE.
17 This Agreement may be varied or modified only by the mutual consent
of Parties hereto, expressed in writing.
18 Any dispute that may arise between the Parties s hall be subject to the
jurisdiction of the courts of_________ .
S C H E D U L E P R E M I S E S
All the part and parcel of the House bearing No.________
______________________admeasuring a total extent of around _________Sq.
Fft. having __________bedrooms and bounded by:
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FIXTURE & FITTINGS
In witness whereof the LESSEE and the LESSOR have hereunto set and
subscribed their respective hands and seal on the Day, Month and Year first