Agreement to Lease
The agreement to lease entered into at Chennai this 31st day of August, 2011, between: ________________, W/O ___________ residing at _______________, herein referred to as “LESSOR,” which term wherever the context so permits or admits unless repugnant to the subjects shall mean and include her heirs, legal representatives, executors, administrators, and assigns on the ONE PART:
AND
_____________ S/O ___________ age __ years hereinafter referred to as the “LESSEE,” which term wherever context permits or admits unless repugnant to the subject shall mean and include his heirs or legal representatives, executors, administrators, and assigns on the OTHER PART:
Whereas the LESSOR is the owner of the semi-independent three-bedroom house at ____________________, and whereas the Lessee has approached the Lessor to let out the semi-furnished house (two wardrobes, one in each bedroom, two heaters, one in each bathroom, mosquito nets and curtains for all the windows, and one inverter) for residential purposes on a monthly rent of Rs. 15,000/- (Rupees Fifteen Thousand only) commencing from 1st September, 2011, for a period of eleven months.
Agreement of Lease
1. The LESSOR hereby agrees to let out to the LESSEE the semi-furnished house at __________ for residential purposes only on a monthly rent of Rs. 15,000/- (Rupees Fifteen Thousand only) commencing from 1st September, 2011, for a period of eleven months.
2. It is agreed between the parties that if the Lessee fails to pay the rent for two succeeding months, then and in that event, the Lessor is entitled to treat this Agreement as canceled, and the Lessor is entitled to enter the premises and take possession of the house.
3. It is agreed between the parties that the Lessee will pay the monthly rent on or before the 5th of the succeeding month, time being the essence of this Agreement.
4. The Lessor hereby acknowledges the receipt of a security amount of Rs. 50,000/- (Rupees Fifty Thousand only). It will be returned to the Lessee on expiry of the Lease and on the Lessee handing over the house to the Lessor in the condition in which it was handed over to him, subject to normal wear and tear. Under no circumstances will the security amount be adjusted towards rent. The security amount will not carry any interest.
5. It is agreed between the Lessor and Lessee that it is mutually agreed to renew the Lease after the expiry of eleven months.
6. It is agreed between the Lessor and Lessee that if either the Lessor wants to terminate the tenancy of the Lessee or if the Lessee wants to vacate the house, in either event, the Lessor and Lessee will give ONE MONTH NOTICE ending with the calendar month. If the Lessee wants to vacate the house without one month's notice, he covenants to pay one month's rent in lieu thereof. If the Lessor fails to give one month's notice, he covenants to pay compensation to make up one month's rent, i.e., rent for the unexpired portion of one month.
7. It is agreed between the Lessor and Lessee that the Lessee will themselves bear the replacement cost of repair to electric fans, lights, water taps, water basins, etc.
8. The Lessee states that he has taken possession of the house in good condition, and he covenants on the expiry of the lease or sooner determination thereafter to hand over to the Lessor the house in the condition in which he has taken over, subject to normal wear and tear. If there is any damage of any sort, the Lessee agrees that the Lessor is entitled to deduct the cost of setting the thing right thereof from the security amount, and if the cost exceeds such amount, the Lessee covenants that he will pay such excess amount to the Lessor in cash without any demands.
9. The Lessee covenants that the rent hereby reserved for the house is a very fair rent under the prevailing rates, taking into consideration the cost of the semi-furnished house, location, etc.
Witnesses
1.
2.
From United States, Orlando
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1The agreement to lease entered into at Chennai this 31st day of August, 2011, between: ________________, W/O ___________ residing at _______________, herein referred to as “LESSOR,” which term wherever the context so permits or admits unless repugnant to the subjects shall mean and include her heirs, legal representatives, executors, administrators, and assigns on the ONE PART:
AND
_____________ S/O ___________ age __ years hereinafter referred to as the “LESSEE,” which term wherever context permits or admits unless repugnant to the subject shall mean and include his heirs or legal representatives, executors, administrators, and assigns on the OTHER PART:
Whereas the LESSOR is the owner of the semi-independent three-bedroom house at ____________________, and whereas the Lessee has approached the Lessor to let out the semi-furnished house (two wardrobes, one in each bedroom, two heaters, one in each bathroom, mosquito nets and curtains for all the windows, and one inverter) for residential purposes on a monthly rent of Rs. 15,000/- (Rupees Fifteen Thousand only) commencing from 1st September, 2011, for a period of eleven months.
Agreement of Lease
1. The LESSOR hereby agrees to let out to the LESSEE the semi-furnished house at __________ for residential purposes only on a monthly rent of Rs. 15,000/- (Rupees Fifteen Thousand only) commencing from 1st September, 2011, for a period of eleven months.
2. It is agreed between the parties that if the Lessee fails to pay the rent for two succeeding months, then and in that event, the Lessor is entitled to treat this Agreement as canceled, and the Lessor is entitled to enter the premises and take possession of the house.
3. It is agreed between the parties that the Lessee will pay the monthly rent on or before the 5th of the succeeding month, time being the essence of this Agreement.
4. The Lessor hereby acknowledges the receipt of a security amount of Rs. 50,000/- (Rupees Fifty Thousand only). It will be returned to the Lessee on expiry of the Lease and on the Lessee handing over the house to the Lessor in the condition in which it was handed over to him, subject to normal wear and tear. Under no circumstances will the security amount be adjusted towards rent. The security amount will not carry any interest.
5. It is agreed between the Lessor and Lessee that it is mutually agreed to renew the Lease after the expiry of eleven months.
6. It is agreed between the Lessor and Lessee that if either the Lessor wants to terminate the tenancy of the Lessee or if the Lessee wants to vacate the house, in either event, the Lessor and Lessee will give ONE MONTH NOTICE ending with the calendar month. If the Lessee wants to vacate the house without one month's notice, he covenants to pay one month's rent in lieu thereof. If the Lessor fails to give one month's notice, he covenants to pay compensation to make up one month's rent, i.e., rent for the unexpired portion of one month.
7. It is agreed between the Lessor and Lessee that the Lessee will themselves bear the replacement cost of repair to electric fans, lights, water taps, water basins, etc.
8. The Lessee states that he has taken possession of the house in good condition, and he covenants on the expiry of the lease or sooner determination thereafter to hand over to the Lessor the house in the condition in which he has taken over, subject to normal wear and tear. If there is any damage of any sort, the Lessee agrees that the Lessor is entitled to deduct the cost of setting the thing right thereof from the security amount, and if the cost exceeds such amount, the Lessee covenants that he will pay such excess amount to the Lessor in cash without any demands.
9. The Lessee covenants that the rent hereby reserved for the house is a very fair rent under the prevailing rates, taking into consideration the cost of the semi-furnished house, location, etc.
Witnesses
1.
2.
From United States, Orlando
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DURAMEX TERMS OF AGREEMENT.doc