Rental Agreement: Now This Agreement Witnesseth As Follows
Rental Agreement: Now This Agreement Witnesseth As Follows
Rental Agreement
This Rental Agreement hereinafter referred to as the “Agreement”, is entered into
on this the 5th day of August, 2022, by and between Ranjanadevi, C/o Selvakumar,
aged about residing at No.4426, LIG-2, MMDA, Mathur, Chennai – 600 068,
hereinafter referred to as the “Renter” and P.Sundaran, S/o Naraynan Kutty, aged
about 44 years, residing at with an address of MMDA, Mathur, Chennai – 600 068,
hereinafter referred to as the “Landlord” collectively referred to as the “Parties”.
Whereas this Agreement shall be effective on the date of signing this Agreement
(hereinafter referred to as the “Effective Date” and will end on
– (Option 2) Upon the end of the term of the Agreement, this Agreement will
not be automatically renewed for a new term.
Whereas the premises that is to be rented by the Landlord located at No.4065, MIG,
MMDA, Mathur, Chennai – 600 068.
Whereas the premises is to be used only for the purpose it is let out.
Whereas the monthly rent to be paid by the Renter to the Landlord is Rs.9,000/-
(Rupees Nine Thousand only). It is to be paid by the Renter before the first day of
every month, such that the first rent payment is due on ______________.
Whereas In the event of late payments made by the Renter, the Landlord is entitled
to impose ______________ fine as late fee.
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Whereas prior to taking occupancy of the premises, the Renter will pay the Landlord
an amount of Rs.1,50,000/- (Rupees One Lakh Fifty Thousand only) as a security
deposit to cover the cost of any damages suffered by the premises and cleaning.
Such security deposit will be returned to the Renter upon the end of this Agreement,
provided the premises is left in the same condition as prior to the occupancy.
Whereas in the event that the Renter abandons the premises during the term of this
Agreement, the Landlord will be entitled to enter the Premises by any means without
facing any liability and the Landlord may terminate this Agreement.
Whereas the Landlord is entitled to enter the premises to inspect or repair the
premises.
The Parties agree that the Renter will not keep any pets on the premises without
obtaining written prior consent from the Landlord.
In the event that any provision of this Agreement is found to be void and
unenforceable by a court of competent jurisdiction, then the remaining provisions will
remain in force in accordance with the Parties’ intention.
This Agreement contains the entire agreement and understanding among the Parties
hereto with respect to the subject matter hereof, and supersedes all prior
agreements, understandings, inducements and conditions, express or implied, oral
or written, of any nature whatsoever with respect to the subject matter hereof. The
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express terms hereof control and supersede any course of performance and/or
usage of the trade inconsistent with any of the terms hereof.
The Parties agree that any amendments made to this Agreement must be in writing,
where they must be signed by both Parties to this Agreement.
As such, any amendments made by the Parties will be applied to this Agreement.
The Parties hereby agree to the terms and conditions set forth in this Agreement and
such is demonstrated by their signatures below:
Renter
Name: ______________________
Signature: ___________________
Date: _______________________
Landlord
Name: ______________________
Signature: ___________________
Date: _______________________