RENT AGREEMENT FORMAT

Renting properties is old practice within our society that continued for long laws and rules governing the Landlord-Tenant relationship introduced by the government from time to time. Bad experiences of either of the parties along with long-pending legal disputes resulted in the realization that further laws by our legislative body are required to supervise the Tenancy and to guide Courts in case of legal disputes over an equivalent. Here we are providing details regarding rental agreement and also provide a rental agreement format.

The Rental Agreement may be a legally enforceable agreement between a Landlord and a Tenant for his or her relationship in respect of rented place, whereunder they are stating the rental agreement terms and conditions/ Rent agreement clauses of the tenancy and Information of the parties and premises.

Always go for Written Rental Agreement Format

Written Rental Agreements format have been always advised by the legal expert as it gives uniformity and define the terms of a relationship. Even though a rental agreement format is preferred by the citizens to avoid the hassle, there may be circumstances where one may opt to include some additional clauses to add to rental agreement which are suitable to the licensed premises or individuals.

Meaning of Licensor?
A Licen sor could also be an individual by wh om or on whose behalf the rent of particular premises is payable.

Who may be a Licensor/ Landlord?
In owner and tenant agreement, a person, a person who is owner of the rental premises and is entitled to receive, the rental amount of particular rented premises is the Licensor/ Landlord.

REGISTER RENT AGREEMENT NOW ONLINE

GET– DOWNLOADABLE RENTAL AGREEMENT/ EDITABLE RENT AGREEMENT FORMAT FROM SHREEYANSH LEGAL.

Download an ideal rent agreement format for your furnished or semi-furnished house or apartment. Here are few reasons why us.:

• Professional Rent Agreement Format – drafted by Advocates/Lawyers who are the legal experts.
• Comprehensive Agreement – clauses required by landlord and tenant as per situations between them.
• Customized Formats – Choose the agreement that most accurately fits you.
• Free Download – which will be directly printed and used.
• Copyright – you are free to use, modify and print once you avail of drafting services from us.

DOWNLOADS AVAILABLE FROM US-

RESIDENTIAL RENTALS

1. S imple Rent Agreement Format

• General rental agreement document.
• This rent agreement draft is often used for any sort of residential unit. But we recommend that you simply use any of the detailed formats available below for better clarity.
• Use this house rental lease agreement template just in case you would like to use an easy and basic rent agreement.

2. Full Furnished Flat – Sample Rent Agreement Format

• Suitable for renting out a furnished apartment with all interior fixtures, fittings and furniture.
• Inventory list included to list all furniture and movable items.
• Separate lease agreement template word with and without lock-in period option are available for download.

1. Semi-Furnished Flat – Rent Agreement Format

• Suitable for renting out a semi-furnished apartment with all interior fixtures and fittings but no furniture.
• get with and without lock-in period rent agreement draft option are available for download.

1. Full Furnished House – Rent Agreement Format

• Applicable for renting furnished Villa or Independent House with all interior fixtures, fittings and furniture.
• list all furniture and movable items shall be included as Inventory list
• get with and without lock-in period basic rental agreement word document option are available for download.

1. Semi-Furnished House – Rent Agreement Format

• Applicable for renting semi- furnished Villa or Independent House with all interior fixtures, fittings and furniture.

• get with and without lock-in period rent agreement draft option are available for download.

REGISTER RENT AGREEMENT NOW ONLINE

Get Residential leave and license agreement format/ residential leave and license agreement word format/ residential leave and license agreement format/ residential mumbai rent agreement format/ residential rent agreement draft/ residential rent agreement draft in word.

AGREEMENT OF LEAVE AND LICENSE

This agreement of leave and license made at ______________ on this _____ day of ________________ 2006.

Between

Age : 31 years, Occ : Service,

Hereinafter referred to as the “LICENSOR” (which expression unless repugnant to the context of meaning thereof shall mean and include his heirs, executors, nominees and legal representatives etc.)

… party of the first part

And

Hereinafter referred to as the “LICENSEE” (which expression unless repugnant to the context of meaning thereof shall mean and include his heirs, executors, nominees and legal representatives etc.)

… party of the second part

whereas, the Licensor owns and possess Flat No. 3________________________________, and more particularly described in Schedule – I.

and whereas, the Licensee is serving and come to Pune on project and is in need of residential premises for temporary period.

and whereas, the Licensee contacted the Licensor and requested
to allow him to use and occupy his flat with Hall, Dining, two bathrooms,
3 B/R, one kitchen, admeasuring about 1250 sq.ft. in a building constructed on Plot No. _ , out of S. No._____in _________________, on leave and licence basis for a period of eleven months.

and whereas, the Licensor agreed to allow the Licensee to use and occupy said premises on first floor, hereinafter referred to as “Licensed Premises” on terms and conditions, which are mentioned herein below.

Now this agreement witnessth and it is hereby agreed to by and between the parties as follows :

1. The Licensor has permitted to the Licensee to use and occupy his Licensed Premises admeasuring 1250 sq.ft. for temporary period of 11 (Eleven) months only commencing from 01.09.2005 on leave and license basis.

1. The Licensee shall pay to the Licensor a monthly compensation of Rs.11,000/- (Rs. Eleven Thousand Only) on or before 6 th day of every month according to the English Calendar towards the compensation for the permissive user of the licensed premises. The failure of the Licensee to pay the monthly compensation or two consecutive months shall amount to the breach of Agreement.
2. The Licensee has in addition issued D.D. No. ___________ dated _____________ in favour of the Licensor drawn on ____________________________ Bank of Rs.90,000/- (Rs. Ninety Thousand Only) as a security deposit towards the performance of this agreement, which shall be refundable on termination of this agreement without any interest.
3. It is further agreed between the parties that the Licensor shall return the said security deposit without interest, but subject to any deductions that may be made therefrom for any amount that may be due by the Licensee to the Licensor. The Licensor hereby acknowledges the receipt of the said D.D. No. ___________ towards security deposit.

1. The Licensee shall pay for the M.S.E.B. monthly charges through the Licensor. The Municipal taxes in respect of the licensed premises shall be paid by the Licensor. Maintenance charges of Madhav Memory Apartment shall be paid by Licensor.

1. It is hereby specifically agreed that the period of license shall be 11 months only commencing from ____________ and after the expiry of the said period of the license, the Licensee shall vacate the said premises without causing any damage to the licensed premises and in good condition.

1. The Licensee shall use the said premises for his residential purpose only.

1. The Licensee shall not cause any damage, alteration or addition of nay nature in the licensed premises during use and occupation of the licensed premises.

1. It is specifically agreed that the Licensee shall not have any sort of interest in the license premises and shall not claim tenancy or any other right, title or interest of whatsoever nature in the licensed premises. The Licensee is only allowed to use the licensed premises as a permissible user and as a Licensee for residential purpose limited to eleven months only. It is further agreed that the Licensee shall not grant sub-license to any other person and shall not keep any other person in place or instead of him.

1. The Licensee shall not cause any nuisance or annoyance to the people in a neighbourhood or store any hazardous goods on the premises.
2. The Licensor shall have duplicate key of the license premises.

1. The Licensor shall have a right to inspect the license premises on any day during day time and the Licensee shall have no right to obstruct the Licensor or any of their authorised persons from taking inspection of the said premises.

1. The Licensee shall not assign, handover or otherwise allow any other person to use and occupy the said premises or any part thereof at any time during the continuance of the license.

1. It is distinctly agreed by the Licensor and the Licensee that the Licensor has merely allowed the license to occupy and make use of the licensed premises on a pure Leave and License. Nothing contained in this agreement construes as creating a relationship of Landlord and Tenant between the Licensor and Licensee.
2. On the expiry of the agreement, the Licensee shall handover vacant and peaceful occupation to the Licensor without any objection whatsoever. After the expiry of the eleven months period, Licensee shall have the option of request for renewal of the Leave and License agreement, which the Licensor may reject or accept on new terms and conditions entirely at his discretion.

1. The Licensee shall not commit any default in the payment of the monthly compensation to the Licensor and default in payment of the license fee or compensation for a period of two consecutive months shall amount to termination of his agreement. The Licensee shall pay the above said monthly compensation to the Licensor on or before every sixth day of the month.

1. The Licensee shall take permission in writing of the Licensor before making any furniture to be affixed in the licensed premises or the Licensee shall not remove or take away the furniture made of permanent nature.

1. The Licensee shall be bound to observe and follow all the rules, regulations, bye–laws made by the condominium of Madhav Memory Apartment.
2. If the Licensee commits a breach of any term of this agreement than not withstanding anything herein contained the Licensor shall be entitled to terminate this agreement by fifteen days prior notice to the Licensee.

1. The Licensee shall bear and pay all the necessary stamp duty and registration charges of this agreement. The Licensee shall lodge this agreement for registration with information to the Licensor.

Schedule – I

Flat on _______________________.

In witness whereof, the parties hereto have put their hands the day and year first herein above written.

RENT AGREEMENT SAMPLE IN WORD

WHAT CONSTITUTES A BASIC RENTAL AGREEMENT WHILE EXECUTING FLAT RENTAL AGREEMENT?

Date of Execution of Rent Agreement and the date of commencement of the Licensed period.

This agreement is made and executed on (Date) at (City)

Licensed Period of Rent agreement

The license period could vary from 1 month to 60 months. Rent agreement could be made for the period upto 60 months i.e 5 years. Similarly, we can also make 5 year commercial lease agreement but to avoid additional stamp duty upto 5 years we can go for a commercial property rental agreement. However long term rental agreement are recommended for stable nosiness like hospital, clinic, medical shops etc. For warehouse lease agreement is better option. For restaurant lease agreement is better option.

There is no concept of renewal in the registered rent agreement because each agreement gives the power to use the licensed premises for particular time only and after the said period expired you have to execute another agreement. However, you can put the renewal clause for your own record to avoid misunderstanding in future.

Period : That the Licensor hereby grants to the Licensee herein a revocable leave and license, to occupy the Licensed Premises, described in Schedule I hereunder written without creating any tenancy rights or any other rights, title and interest in favor of the Licensee for a period of __________Months commencing from and ending on______________ .

The rental agreement should very clearly mention the detailed information of the parties-

• Name, age and permanent and current address , PAN number , AADHAR Number of the Licensor.
• Name, age and permanent and current address , PAN number , AADHAR Number of the Licensee.

(Name) , Age:About_________ Years, Occupation: __________ , PAN: ___________ , UID: __________ . Email-id: __________ Residing at: __________________________ HEREINAFTER called ‘the Licensor

(Name) , Age:About_________ Years, Occupation: __________ , PAN: ___________ , UID: __________ . Email-id: __________ Residing at: __________________________ HEREINAFTER called ‘the Licensee

Who can be Licensor or Licensee –

1. Indiviudal
2. Proprietary firm,\
3. Nationalised or private bank,
4. A cooperative society,

in above case the Legal name and registered address must be mentioned. Also, the Name, age, residential address of the Authorized Person be mentioned.

The address of the premises as per the title sale deed available with the owner-

There are many factors to be mentioned in the agreement which give the certainty to the address of the premises-

District

Taluka

Village

Property in Area – Rural or urban (if the property is in rural Registration fees will be Rs. 500/- and if it is in urban area registration fees will be Rs. 1000/-).

Local limit Name- Muncipal Council/ corporation

Type Of Unit – Flat/ Bunglow/Land +shed/Godown/Office/Shop

Unit Area of the Licensed premises – _____in Square feet or Square meter.

Property Address – Mention – Building Name, Flat No, Floor No, Road, Location, parking space, if any, Terrace etc

SCHEDULE I

(Being the correct description of Flat which is the subject matter of these presents)

All that constructed portion being residential unit bearing___ ( Apartment/Flat No.) ____ , Built-up (Area): ___________ , situated on the _______Floor of a Building known as ______________ standing on the plot of land bearing____________________________ , of Village: ________ , situated within the revenue limits of Tehsil and Dist and situated within the limits of Municipal Corporation.

Details of the furniture and fixtures given with the licensed premises for using free of cost like Tublight, bulb, fan , air conditioner, cupboard , bed, gyser etc.

SCHEDULE II

Furniture and Appliances : The said premises is having the Furniture and Appliances mentioned in the Schedule II. The licensee shall maintain the said Furniture and Appliances in the said premises in its existing condition and damage, if any, caused to the said Furniture and Appliances, the same shall be repaired by the Licensee/s at its own cost subject to normal wear and tear.

Purpose of Tenancy: residential purpose or commercial (Its is very important to mention if you given the premises on residential basis and mentioned as non-residential it could be offence under local laws for giving residential premises for commercial purpose.

Use : That the Licensed premises shall only be used by the Licensee for ________________purpose . The Licensee shall maintain the said premises in its existing condition and damage, if any, caused to the said premises, the same shall be repaired by the Licensee at its own cost subject to normal wear and tear. The Licensee shall not do anything in the said premises which is or is likely to cause a nuisance to the other occupants of the said building or to the prejudice in any manner to the rights of Licensor in respect of said premises or shall not do any unlawful activities prohibited By State or Central Government.

Rent & Deposit: The rental amount and its breakup

Rent amount monthly to be paid and specify the date on which it should be compulsorily paid. The due date for paying the rental amount must be mentioned. Example: ‘The rent shall be paid by the 5 th day of each calendar month.’

• if the rent may be increased or not, how much (percentage) and after that calculated amount.

Note:The clause 2 will depend on your selection

 That the Licensee shall pay to the Licensor fee at the rate of Rs. _______ Per month towards the compensation and Rs. _______ Interest free refundable deposit, for the use of the said licensed premises. This amount of monthly License fee amount shall be payable within first five days of the concerned month of Leave and License.

 That the Licensees shall pay to the Licensor License fee at the rate of the following amount per month towards the compensation for the use of the said licensed premises.

1. a) Rs —————-per month for the first ——–months,
2. b) Rs—————–per month for the next ——–months,
3. c) Rs—————–per month for the next ——–months

The amount of monthly compensation shall be payable within first five days of the concerned month of Leave and License.

 That the Licensees shall pay to the Licensor Rs————–per month towards the compensation and Rs————–interest free refundable deposit, for the use of the said licensed premises. The amount of monthly compensation shall be payable within first five days of the concerned month of Leave and License.

 That the Licensees shall pay to the Licensor Rs————–per month towards the compensation and Rs————–interest free nonrefundable deposit, for the use of the said licensed premises. The amount of monthly compensation shall be payable within first five days of the concerned month of Leave and License.

 That the Licensees shall pay to the Licensor the following amount per month towards the compensation for the use of the said licensed premises .

1. a) Rs —————-per month for the first ——–months,
2. b) Rs—————–per month for the next ——–months,
3. c) Rs—————–per month for the next ——–

The amount of monthly compensation shall be payable within first five days of the concerned month of Leave and License. Licensees shall also pay to the Licensor Rs————–interest free refundable deposit, for the use of the said licensed premises.

 That the Licensees shall pay to the Licensor the following amount per month towards the compensation for the use of the said licensed premises .

1. a) Rs —————-per month for the first ——–months,
2. b) Rs—————–per month for the next ——–months,
3. c) Rs—————–per month for the next ——–

The amount of monthly compensation shall be payable within first five days of the concerned month of Leave and License. Licensees shall also pay to the Licensor Rs————–interest free nonrefundable deposit, for the use of the said licensed premises.

You need to mention who will pay Maintenance bill, to be paid to any committee, society etc, Charges of water supply, electricity and will it be additional or inclusive of rent amount.

Note:The clause 4 will depend on your selection

 That the all outgoings including all rates, taxes, levies, assessment, maintenance charges, non occupancy charges, etc. in respect of the said premises shall be paid by the Licensor.

 That the Licensee/s herein shall bear and pay all the maintenance charges in respect of the said Licensed Premises, and other outgoings including all rates, taxes, levies, assessment, non occupancy charges, etc. in respect of the said premises shall be paid by the Licensor/s

The licensee herein shall pay the electricity bills directly for energy consumed on the licensed premises and should submit original receipts to licensor indicating that the electricity bills are paid.

The agreement may specify the mode of payment. Example: ‘The rent shall be transferred to the Account of the Landlord, details of which are provided below……..’

Note:The clause 3 will depend on your selection

 That the Licensee have paid / shall pay the above mentioned deposit/premium as mentioned above by Cash. Amount Rs.________

 That the ———————- has/have paid / shall pay the above mentioned deposit/premium as mentioned above by Demand Draft No.———-, dated ——–, drawn from —————- Bank, ————- Branch. Amount Rs.————-

 That the ———————- has/have paid / shall pay the above mentioned deposit/premium as mentioned above by Cheque No. ———–, dated——–, drawn on the Licensee’s Banking Account with —————- Bank, ————- Branch. Amount Rs.————-

 That the ———————- has/have paid / shall pay the above mentioned deposit/premium as mentioned above by Transaction Reference No. ————-, dated———-, drawn on the Licensee’s Banking Account with ————— Bank, ———– Branch. Amount Rs.———–

Alteration: It should be mentioned in the agreement if any alterations can be made to licensed premises by the Licensee/tenant, whether permanent and temporary.

That the Licensee shall not make or permit to do any alteration or addition to the construction or arrangements (internal or external) to the Licensed premises without previous consent in writing from the Licensor.

• No tenancy and sublet clause-

It is very important clause of the Licensor who is the owner of the premises and tenant shall not create tenancy rights/ tenancy contracts on this limited period license and claim benefits under Bombay Rent control Act and also shall not give the licensed premises to any other person by subletting it.

That the Licensee shall not claim any tenancy right and shall not have any right to transfer, assign, and sublet or grant any license or sub-license in respect of the Licensed Premises or any part thereof and also shall not mortgage or raise any loan against the said premises.

Notice period information should be mentioned in the agreement which may be given to the other party for terminating the rental agreement before the expiry of the same. Sometimes it could be 1 or 3 months notice period from either side.

Cancellation:

That, if the Licensee commits default in regular and punctual payments of monthly compensation as hereinbefore mentioned or commit/s breach of any of the terms, covenants, and conditions of this agreement or if any legislation prohibiting the Leave and License is imposed, the Licensor shall be entitled to revoke and/or cancel the License hereby granted, by giving notice in writing of one month and the Licensee too will have the right to vacate the said premises by giving a notice in writing of one month to the Licensor as mentioned earlier.

Lock-in-period –

Sometimes it is a difficult task to search for the tenant for the premises and sometimes we need to take help of local agents/broker to get a tenant for the premises and have to pay 1-month rent as brokerage but what will happen after don above if the Tenant vacates the premises within 1 or 2 months. In such a situation, the owner of the premises will be in loss and have to suffer losses. Here lock-in-period clause comes for help. If lock-in period of 1 year is kept then the licensor could not push licensee to vacate the premises for next 1 year and even license could not leave the premises before 1 year.

If the licensor wants to vacate the premises then he need to compensate Licensee by paying the remaining lock-in period Rent and if Licensee wants to leave the Licensed premises then Licensee need to compensate Licensor by paying the remaining lock-in period Rent.

Both the parties have agreed to set a lock-in period of — months during which neither the licensor shall ask the licensee to vacate the premises, nor the licensee shall vacate the premises on his own during the lock-in period. In spite of this mandatory clause, if the licensee leaves the premises for whatsoever reason, he shall pay the licensor license fee for the remaining lock-in period at the rate of agreed upon in the agreement. On the other hand, Licensor shall compensate the Licensee for loss and inconvenience caused to the Licensee if he has been asked to vacate the premises.”

STANDARD LEAVE AND LICENSE AGREEMENT FORMAT

Download and refer to the Registered rent agreement format/ Standard online government form for e registration leave and license.

LEAVE AND LICENSE AGREEMENT WORD FORMAT

Download and refer to the leave and license agreement word format, if you are not opting for rental agreement registration online.

THINGS TO BE CONSIDERED BEFORE SIGNING THE RENTAL AGREEMENT?

By Landlord/ Licensor/Owner

• The agreement should clearly mention the terms in case the license failed to payment of rent, or there is damages to property, furniture & fixtures etc and the rights of the Landlord to deal with the same.
• The premises shall only be used for the purpose it is rented for (residential/nonresidential). Example: A house rented for the residential purpose may not be used as a commercial office or shop etc
• The provision or sub-tenancy and its implication must be discussed and provided in the Agreement.

By Tenant/ Licensee

• The title of the Licesnor must be thoroughly verified to avoid any future conflicts. Sometimes it could be possible that the mother owns the property title but her son executes the agreement which makes the said agreement invalid.
• A provision must be mentioned for the situation if the Landlord either expires or transfers/ sells the rented/licensed premises to another.

Both Parties

• Must thoroughly read the Rental agreement form before signing the same.
• Must obtain a copy of the Rental Agreement.

Read More:

1. Maharashtra CMO to House owners- No Eviction of tenants, Postpone recovery of pending rent
2. ADDRESS CHANGE IN AADHAR CARD WITH RENT AGREEMENT! 3 SIMPLE WAYS TO DO IT.
3. Online Registration of Rental Agreement- 7 MISTAKES TO BE AVOIDED WHILE RENTING APARTMENTS.
4. VITAL CONDITIONS YOU MUST HAVE IN YOUR RENT AGREEMENT
5. IMPORTANCE OF POLICE VERIFICATION – 4 charged for not furnishing rental details of Nigerian tenants
6. 5 STEP BY STEP GUIDE -ONLINE POLICE VERIFICATION FOR RENT AGREEMENT MUMBAI

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