This lease or lease format can be used by the owner or tenant of a residential property. It is signed by the lessor and the lessor to indicate consent to the conditions set by the lessor. It is a legal document with the force of law, to which the courts can refer in case of disagreement. The lease agreement must be printed on a non-judicial stamp document worth Rs.100/- or more. The tenancy agreement is usually signed with the payment of the deposit for the rental property between the landlord and the tenant. Two copies of the document are usually executed, with each part retaining one of the original copies. TERMS AND CONDITIONS 1. This lease is applicable from ——————– 2. LesSEE paid Rs. ——————- in exchange for a lesSOR bond. The deposit is not paid and will be refunded to the LESSEE at the time of the evacuation of the planned premises after deducting any rent arrears, electricity bills, breaks, cleaning costs.
3. LesSEE also commits to a monthly rent of Rs.——— The rent for each month is paid on the 5th of each month (after the end of the month) 4. If LESSEE wishes to evacuate the premises before the expiry of the period available to it, it must announce a period of one month in writing or one month`s rent instead of notice. LESSOR also gives one month`s notice to the LESSEE. (5) The LESSEE is not entitled to charge the rent deduction of the amount of the deposit. On the other hand, the LESSEE will continue to pay the rent as agreed. 6. Lessee undertakes to pay the rent on regular terms or to commit or execute a delay in meeting or fulfilling any of the conditions agreed here. LESSOR reserves the right to terminate LEASE GARANTIA and to take over the ownership of the calendar premises.
7. Lessee supports and pays the electricity consumed in accordance with its monthly bill to AndharPradesh Southern Power Distribution Limited and forwards the copy of the invoice to LESSOR with the payment receipt. Water charges are calculated in common. 8. Lessee undertakes not to rent or sublet the calendar premises, in whole or in part, to a third party or part. (9) The LESSEE maintains and maintains clean and in good condition when the damage is to be sustained by LESSEE 10.