RENT AGREEMENT/DEED
Period of Agreement- 11 Months
Rent Per Month Rs. 7,000/-
This Agreement/Deed is made and executed on this ………. day of …..
…………., 2020 at Chandigarh.
BY AND BETWEEN:
Mr. JASPREET SINGH, son of Mr. Avtar Singh, an Indian Inhabitant
residing at H. No. 2, Village Daria, UT Chandigarh, having GPA of Mr.
Avtar Singh vide GPA duly registered in the office of Sub-Registrar,
Chandigarh, Dated 28-05-2015, hereinafter referred to as the
“LANDLORD” (which expression shall, unless it be repugnant to the
context or meaning thereof, be deemed to mean and include their heirs,
executors, administrators, legal representatives, successors and/or permitted
assigns) of the ONE PART;
AND
Mr. Gauri Shankar Sharma son of Mr. Girja Sharma, an Indian Inhabitant
residing at H. No. 543/1, Gas Colony, Village Daria, UT., Chandigarh,
hereinafter referred as the “TENANT” (which expression shall, unless it be
repugnant to the context or meaning thereof, be deemed to mean and include
its successor and permitted assigns) of the OTHER PART;
(The LANDLORD and the TENANT shall collectively be referred to as the
“Parties” and individually as the “Party”).
WHEREAS the LANDLORD is GPA Holder of Mr. Avtar Singh vide GPA
duly registered in the office of Sub-Registrar, Chandigarh on Dated 28-05-
2015. The LANDLORD is absolute and lawful owner and sufficiently in
possession and occupation of and is entitled to grant rent agreement of Shop
along with the building structure situated on Khasra No. 9//12, Khewat No.
69, Khatauni No. 95, Makhan Majra road, Village Daria, UT., Chandigarh,
Owned and possessed by the LANDLORD.
WHEREAS the TENANT is engaged in the business (herein after referred to
as the “BUSINESS”). For his business, TENANT is in need of a suitable
Shop;
After understanding the need of the TENANT, The LANDLORD has agreed
to grant the DEMISED PREMISES to the TENANT and the TENANT has
agreed to take the DEMISED PREMISES on rent for the period of 11
Months, subject to the terms and conditions of this AGREEMENT.
AND WHEREAS the LANDLORD has also agreed to give on RENT to the
TENANT the DEMISED PREMISES and hereby the parties agree on the
terms and conditions contained hereinafter:
NOW THIS LEASE DEED WITNESSETH AS FOLLOWS:-
1. The LANDLORD agrees to grant rent of Shop along with the building
structure situated on Khasra No. 9//12, Khewat No. 69, Khatauni No. 95,
Makhan Majra road, Village Daria, UT., Chandigarh, to the TENANT
hereinafter referred as “DEMISED PROPERTY”.
2. In consideration of payment of Rs. 7000/- (Rupees Seven Thousand Only)
per month to the LANDLORD (herein after referred to as the “Rent”),
excluding water & electricity bill & Service tax, the LANDLORD doth
hereby demise unto the TENANT on RENT the DEMISED PREMISES
for use of business of furniture thereof for the mentioned business
purpose on the terms and conditions appearing herein.
3. The possession of the demised property shall be handed over to the
TENANT by the LANDLORD on 01 day of September, 2020. The
TENANT shall start paying rent to the LANDLORD from September,
2020 onwards.
4. The rent agreement granted herein shall be for period of 11 (Eleven)
Months commencing from 1st September, 2020.
5. All payments to be made by the TENANT to the LANDLORD under this
RENT AGREEMENT shall be subject to appropriate deduction for tax at
source, at the time of payment or credit to the LANDLORD in
accordance with the provisions of the Income Tax Act, 1961 and such
tax deducted at source shall be duly remitted by the TENANT to the Tax
Authorities and details thereof shall be furnished by the TENANT to the
LANDLORD. The TENANT shall also provide to the LANDLORD the
appropriate tax deduction certificate in respect of tax deducted at source.
6. The GST (goods and service tax) amount whatsoever shall be applicable
as and when, shall be the responsibility of the TENANT to deposit in the
account of the LANDLORD and further the LANDLORD shall make
sure that the same is paid to the concerned department.
7. Any other tax as when applicable and required to be paid to the
concerned department like any tax to be paid to the Municipal
Corporation CHANDIGARH, shall be paid by the TENANT and
LANDLORD shall not be responsible to pay the same.
8. During the period of 11 months of this Agreement, the TENANT shall
pay to the LANDLORD a rent amount of Rs. 7,000/- per month subject
to TDS (tax deducted at source). Thereafter there shall be an escalation of
10% at the end of every year on last rent paid if fresh agreement is
prepared.
9. The rent amount shall be payable in advance before 7th of every month.
[Link] TENANT is not at all allowed to use the DEMISED PROPERTY for
residential purpose.
[Link] case, the TENANT defaults in payment of the rentals at any time or
fails to pay the rent before 7th of every month for that particular month,
the LANDLORD shall give him a written intimation to the TENANT,
and the TENANT shall pay the said rentals within 5 working days from
receipt of such written intimation, failing which the TENANT will have
to pay the rental with penalty @ 18% p.a. Also if the TENANT
continues to not pay post expiry of another 10 days, in such case if the
LANDLORD is forced to terminate the RENT AGREEMENT the
TENANT shall refund him all the cost, damages, losses and expenses
that the LANDLORD has incurred due to such early termination.
[Link] electricity and water bill and any other bill in relation to the demised
property shall be the responsibility of the TENANT only. It shall solely
be borne by the TENANT.
[Link] notice period has been decided as 3 months. This means that if the
TENANT decides to leave or vacate the demised premises, the TENANT
shall have to send a notice to the LANDLORD 3 months prior to vacating
the Demised Property. The TENANT has an option of leaving the
demised property immediately after giving the notice, provided the rent
for 3 months notice period is paid.
[Link] case of breach of any term and condition of this contract/agreement,
the LANDLORD holds the power to terminate this contract and ask the
TENANT to handover the peaceful and vacant possession to the
LANDLORD, to which the TENANT undertakes that he shall obey the
LANDLORD at any given time. In such case, the security deposit shall
not be refunded to the TENANT and the TENANT agrees that the
security deposit shall remain with LANDLORD forever and can be
utilized by the LANDLORD as a compensation for the loss he suffered
because of the breach of the terms and conditions through TENANT.
[Link] TENANT is not at all allowed to modify/revise or make any kind of
structural or other changes to the DEMISED PREMISES. But the
LANDLORD can make any structural change or construct another floor
during the Rent Period.
[Link] TENANT shall be responsible for use of the property for the purpose
of Business of Furniture. The TENANT shall be responsible to maintain
the DEMISED PREMISES at their own cost and shall bear the cost of
day-to-day wear and tear during the term of the Agreement/Deed. Minor
Maintenance related to Plumbing, Electricals, Whitewash, etc. shall be
undertaken solely by the TENANT. The TENANT shall make sure the
demised property is always maintained in the same manner as was
handed over to the TENANT by the LANDLORD. The LANDLORD
shall not be responsible for maintaining the demised property and shall
not pay any amount to the TENANT for maintaining the same. It shall be
maintained at the cost of the TENANT.
[Link] the LANDLORD has agreed and has no objection in case the
TENANT installs a signboard on the boundary wall. The TENANT will
obtain permission from Local authorities to install direction signs at the
entry to the lane from the main road/Highway (if required).
[Link] expiry of the Rent period, TENANT will hand over peaceful
possession of the vacant DEMISED PREMISES to the LANDLORD.
On the expiration of the lease period granted herein or on the earlier
termination or determination thereof the TANANT shall remove itself,
its staff, employees and all other persons using the DEMISED
PREMISES and all their belongings, articles and things from the
DEMISED PREMISES and vacate and hand over the charge of the
DEMISED PREMISES to the LANDLORD.
[Link] TENANT agrees and undertakes that it will not at all be allowed to
sublet, assign or part with the possession of the demised land or any part
of the DEMISED PREMISES or facilities constructed thereon to any
other person.
[Link] the TENANT undertakes that the use of the DEMISED PREMISES
shall be in compliance with the bye-laws, rules and regulations of the
concerned authorities and all government bodies. The TENANT shall
not carry any business in the DEMISED PREMISES which is illegal in
the eyes of law and in case if it does so, the TENANT solely shall be
responsible for the circumstances.
[Link] the tenant shall not do or cause to be done anything in DEMISED
PREMISES which may be become nuisance, or cause of annoyance for
inconvenience to the landlord of the adjoining premises.
[Link] the LANDLORD shall have the right to inspect the DEMISED
PREMISES itself or through its duly authorized agent at all reasonable
times and such inspection shall be done by the LANDLORD in a
reasonable way.
[Link] the event of TENANT committing breach of any of the terms and
conditions of this Agreement the LANDLORD shall call upon the
TENANT by Notice in writing to remedy the said breach after specifying
the breach. In the event of the TENANT failing to rectify the said breach
within 2 days from the receipt of the said notice by the TENANT, the
LANDLORD shall be entitled to terminate the AGREEMENT granted
herein.
[Link]:
In the event of any disputes and/or differences between the Parties, the
courts at CHANDIGARH alone will have jurisdiction. This Agreement
shall be executed in duplicate, the original shall be with LANDLORD
and the notarized copy shall be with Tenant.
IN WITNESS WHEREOF, the Parties have hereunto set and subscribed
their respective hands, the day and the year hereinabove mentioned.
SIGNED AND DELIVERED BY
SIGNATURES
The LANDLORD
____________________________________________________________
SIGNED AND DELIVERED BY
The TENANT
___________________________________________________________
In the presence of
1. _________________________________________________________
2._________________________________________________________
