This renewal agreement of rent is being made and executed on 10
th day of June of 2014 at Bangalore by and between: Mrxxxxxxx S/o xxxxxxx No xxxxxxxxxxxx, Bangalore xxxxxx
Hereinafter called the LESSOR of the One Part AND
Mr. xxxxxx, S/o Mr. xxxxx No. xxxxxx, Bangalore xxxxx
Hereinafter called the LESSEE of the other part witnesseth as follows:
Whereas the Lessor is the sole and absolute owner of the schedule premises and whereas the lessee approached the lessor to let out the said schedule premises and the Lessor has agreed to do so on the terms and conditions mentioned hereunder.
The Lessee shall pay the monthly rent of Rs. 10,550/-(Rupees Ten Thousand Five Hundred and Fifty only) every month regularly on or before the 5 th day of every English Calendar month.
This agreement of the rent is valid for a period of 11 months from xx/xx/xxxx.
This Lessee shall keep the rented house in good and tenantable condition and should not make any alteration in the leased house.
The Lessee shall pay the electricity consumption charges to BESCOM department regularly every month and upkeep the service intact.
The Lessee shall pay the water consumption charges and water motor repairs and maintenance charges.
The Lessee has paid a sum of Rs. 75000/-(Rupees Seventy Five Thousand only) by cash to the Lessor as his deposit money and this amount will be retained by the Lessor till the time the Lessee vacates and deliver the house. The amount will be paid to the Lessee at the time of vacation and possession after deduction for any dues or damages and will bear no interest of any sort.
The Lessee shall not sublet, underlet or part of the leased house to any person or persons without the written consent of the Lessor.
The Lessee has to continue 11 months as per agreement and if he wishes to continue further, he has to take permission from the Lessor on the fresh agreement with an enhanced rent at 6% increase on the prevailing rent on completion of every 11 months.
Either party should give three months prior notice before terminating this agreement.
The Lessee shall keep the premises in good and tenantable condition at all times and will also allow the Lessor or his agent to inspect the premises at any reasonable time.
That the Lessee shall paint the interior of the house with the same quality and colour of paints as approved by the owner while vacating and handing over the vacant house to the Lessor.
The terms Lessor and Lessee wherever it so refers and applies shall mean and include their respective heirs, executors, administrators, legal representatives, assigns and the parties themselves.
SCHEDULE
House premises(Ground Floor, First Floor and Second Floor) at House No. xxxxxxx, Bangalore-xxxxx. Each floor consisting of one drawing room, 2 bedrooms, kitchen, toilet with fitting and fixtures. Other fittings includes
a. Ceiling Fans 15 Nos b. Tube lights 05 Nos c. Bulbs 17 Nos d. Suguna Make 1 HP motor 01 No e. Exhaust Fan 03 Nos f. Ladder 01 No g. Wash Basin 06 Nos h. Mirror 03 Nos i. Gate Lock 01 No j. Ground Floor Toilet Lock 01 No k. Motor grill lock 01 No l. Main door keys 02 sets for Ground Floor, 1 st Floor and 2 nd Floor.
WITNESS:
1. LESSOR/OWNER
2. LESSEE/TENANT
RENT AGREEMENT This renewal agreement of rent is being made and executed on 10 th day of June of 2014 at Bangalore by and between: