And Now This Agreement Witnesseth

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The key takeaways from the lease agreement are that it establishes the terms for renting a property from the lessor to the lessee for a set period of time. It outlines the rental amount and payment schedule, security deposit details, allowed use of the property, and responsibilities of both parties.

The lessee is responsible for day-to-day maintenance and utility charges, while the lessor is responsible for major repairs, property taxes, and keeping the premises in proper repair. The lessee must keep the interior in good condition subject to normal wear and tear.

The lessee cannot sublet or transfer possession of the premises without consent. Alterations are also not allowed without consent. The property must only be used as a residence and not for any other purpose in contravention of rules.

LEASE AGREEMENT

This Agreement Made at <city> this <day> of <month> <year> between


<Owner> residing at No:…………..hereinafter called the LESSOR (which expression
wherever the context so requires, shall mean and include her heirs, executors, and
assigns of the one part),
And

<Tenant> residing at…….herein after referred to as the LESSEE (which expression


shall wherever the context so requires or admits mean and include its successors) of
the other part;
AND WHEREAS the Lessor is the absolute owner of the property located
at <Address of Property> described in the Schedule I attached hereto, hereinafter
referred to as the Premises.
AND WHEREAS the Lessee has approached the Lessor to give the said Premises
on lease for use and occupation by the lessee, as his residence and the Lessor has
agreed to the same on the terms and conditions hereinafter mentioned.

AND NOW THIS AGREEMENT WITNESSETH:


1. The Lessor hereby grants the Lessee and the Lessee hereby accepts from the
Lessor the lease of the said Premises for a period two years (two years), effective
from <From Date>, and upon the terms and conditions hereinafter mentioned.
2. This Agreement shall be in force for a period of <Lease Period> from <From
Date> and the terms and conditions herein contained. After such period the Lessee
and Lessor may renew this lease on the same terms for a further period of one term,
after which it shall be renewed with a rental increase of a mutually agreed amount.
3. The rent for the use and occupation of the said Premises shall be <Monthly Rent
Amount> per month, payable on or before the 5h of the succeeding month, by
cheque favoring <Payable to>
4.  The Lessee has paid a sum of <Security Deposit Amount> as interest-free
Security Deposit to the Lessor.  It is agreed that the amount paid by the Lessee is to
be refunded to the lessee on the day of expiry of this lease or on earlier termination,
subject to adjustments towards rental dues, breakages, damages and restoration of
the property to the original condition, normal wear and tear excepted.
The Lessee shall bear the electricity  & other utility charges and day-to-day
maintenance of the premises and common areas

The lessor shall pay property tax, water and sewerage tax, and any other tax and
rates as may be applicable.

5.  It is hereby agreed by and between the parties that, notwithstanding anything
contained herein during the subsistence of this agreement and renewal thereof, the
Lessee or the Lessor shall have the option to terminate this agreement by giving to
each other two months prior notice in writing, and this agreement will accordingly
stand terminated on the expiry of the said period of notice.

6.  The Lessee shall not transfer, sub let or part with the possession of the Premises
or any portion thereof without prior written consent of the Lessor.

7. The Lessee shall not do any act or deed in contravention to any Government acts,
rules & regulations, or conditions or rules imposed by any local bodies like the
corporation, CMDA etc..

8. The Lessee shall hand over vacant possession of the said premises to the Lessor
on termination of this agreement or its renewal as the case may be, in the same
condition as it was at the commencement of this lease with reasonable wear and
tear excepted.  In the event of the lessee painting the walls a different colour or
affixing nails on the wall, adding or removing electrical wiring, the same must be
removed/ replaced, and the premises restored to the original condition at the time of
vacation of the premises, failing which a sum up to one month’s rental shall be
forfeited from the security deposit towards such repairs and restoration.

9. The Lessee shall not carry out any structural alterations and additions or changes
in the said premises without the prior consent in writing from the lessor.
10. The Lessee shall keep the interior of the said Premises and the fittings and
fixtures including electrical sanitary and plumbing therein in good and usable
condition subject to normal wear and tear.

11. Subject to the provisions of clause 10 above, the Lessor shall be responsible for
carrying out any major repairs when needed in the said premises whether external or
internal including of the electrical, sanitary and plumbing systems windows, floors,
plasters, tiles and shall keep the said premises in proper repair at his own cost.

12. The Lessor and his agent or contractors, authorised by the Lessor shall have full
liberty to inspect said premises at any reasonable hour, in the daytime, with prior
intimation, to view the conditions thereof and to effect such repairs as the Lessor is
required to do, and to carry out any work and the Tenant shall allow the same to be
done without any objection.

13. The Said Premises shall be used only for the purpose as a residence for <Mr.
Tenant> and his family members only and not for any other purpose
IN WITNESS WHEREOF THE PARTIES HERETO HAVE SET THEIR HANDS THE
DAY MONTH AND YEAR ABOVE FIRST WRITTEN

LESSOR:                                                                                  
LESSEE:

WITNESS:                                                                              
WITNESS:

 
Schedule I

<List the House Inventory i.e. Electrical Fittings – Lights, Fans, Geysers etc:>
Hall / Living Room:
1. Tiled Flooring.
2. Showcase on the wall with Glass sliding doors.
3. Two Celing Fans.
4. Two Tube Lights.
5. Switchboards & Electrical Plug Points.
6. Godrej Latchet on the Main Door.
 

Bedroom with attached bath:


1. Tiled Flooring.
2. LG Air Conditioner and Remote.
3. One Covered Cupboard with Cloth Hangar.
4. One Celing Fan.
5. One Tube Light.
 

And so on.. >


WITNESS WHEREOF THE PARTIES hereto have affixed their respective signatures
to this deed on the day, month and year above written.

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