Rent Agreement - 2024
Rent Agreement - 2024
MOHD KHALID S/O MR. NISAR AHMAD R/O- H.NO- 699, SEC-29, FARIDABAD-121008
hereinafter called the ‘ TENANT THE PARTY OF THE SECOND PART. The expression
both the parties shall mean and include unless repugnant to the to the context, their
respective legal heirs, executors. Represantative, Nominee and assigns respectively.
WHEREAS the second party has approched the first party to renew the rent agreement dt.
May.10,2023 for APARTMENT NO. 216, POCKET – G, SARITA VIHAR, NEW DELHI-
110076. In the above said property (hereinafter called the said premises) and the first party
has agreed to renew the agreement for said premises with the second party, on a monthly
rent of 45,000/- (Rupees Fourty Five Thousand only) for a period of 12 months starting
with effect from 01/01/2024 and ending on 31/12/2024 and amount of 68,000/- (Rupees
Sixty Eight Thousand only) paid at the time of first agreement on Jan.02,2018 will be
considered as advance/ security deposit to first party till the time of vaction of the above
said premises.
The following terms and conditions have been settled between the above said parties,
WITNESSED AS UNDER:
That the settled rent amount neither shall be reduced nor shall be enhanced by either party
during the settled period.
That the said monthly rent shall be payable on or before 5th day of each english Calendar
month in advance.
That the Bills of the electric and water shall be payable by the second party, but the House
tax of the said premises shall be payable by the first party.
That the above said premises shall be used by the second party only for the
Residental/commercial purpose and shall not be used for any other purpose
Niether party can terminate this rent agreement before the completion of tenure of this rent
agreement.
That this lease can be extended for a period of 11 mnths with the mutual consent of both the
parties after increasing the rent and fresh rent agreement will be executed on fresh terms and
conditions.
That the first party and/or his/her represtatives, surveyors and workmen shall have right to
enter into the premises at all reasonable times for the purpose either for inspection of the said
premises or for repairs.
That the second party shall abide by the Bye-laws, rules and regulations of D.D.A., M.C.D.,
B.S.E.S, & Delhi Jal Board and other local authorities concerned.
That the second party shall not sub-let the said premises under his/her tenancy and if he/she
shall do so then he/she shall be liable for ejectment from the said premises, immediately, and
without any prior notice in this regard.
That the said security amount which is deposited by the second party with the first party,
shall be returned back by the first party to the second party. (without any interest thereon)
after adjustment of outstanding dues, if any, towards the second party at the time of vacating
the said premises,
That the second party shall not make any additions or alterations in the saidpremises under
his/her tenancy without the written permission from the first party, and if the second party
shall do so then this rent agreement shall stand cancelled automatically and the second party
shall be bound to vacate the said premises immediately.
That this lease can be extended for a period of 11 months with the mututal consent of both
the parties after increasing the rent and fresh rent agreement will be executed on fresh terms
and conditions.
That after the expiry of the settled period, if both the parties mutually agree to extend this
rent agreement for any further period, then a fresh rent agreement shall be executed between
the above said parties, on the fresh terms and conditions and if the first party will not agree
to give the said premises on rent for any further period then the second party shall be bound
to vacate the said premises and deliver the actual, physical and vacant possession of the said
premises to the first party immediately, without any prior notice in this regard and if the
second party does not vacate the said premises then the first party shall be entitled to get the
said premises vacated from the second party through the court of law, and in the event of
court proceedings, all the expenses of the first party, shall be payable by the second party.
IN WITNESSES WHEREOF the above said parties have put their respective signature on
this RENT AGREEMENT on the date mentioned above.
WITNESSES
2. MOHD KHALID
(SECOND PARTY)