Standard Lease Agreement PDF

Standard Lease Agreement PDF Details
PDF Name	Standard Lease Agreement PDF
No. of Pages	3
PDF Size	0.13 MB
Language	English
Category	English
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Standard Lease Agreement

Dear readers, here we are providing Standard Lease Agreement PDF to all of you. A standard Lease Agreement is a legal agreement between two persons. A rental agreement is a legal document that lays out the prescribed terms and conditions under which the rented property is leased out that are to be followed between the landlord and the tenant.

Though the relationship between the landlord and the tenant is cordial most of the time, it is good to have a written rental agreement in place if the relationship turns sour or becomes fraught with complaints and misunderstandings. One of the most common features while entering into a property rental transaction in India is the prevalence of the 11-month rental agreement or license agreements.

A period of 11 months is preferred by most landlords while entering into property rentals, because there are two types of agreements that deal with property rental in India, lease agreement and leave & license agreement. As a rental agreement that is 11 months long is just a license for the tenant to occupy the premises for a short duration. Hence, rent control laws do not apply in most States.

Further, rental agreements that are 11 months long allow the landlord more measures to take in case of eviction of a tenant from the property. Hence, most landlords prefer to enter into a rental agreement that is 11 months long, with an option to renew at the end of the agreement period.

Standard Lease Agreement Pdf

This rent agreement is made on this __________ (date) by ________________ (name of the landlord) S/o _______________ (father’s name of the landlord), Address: ___________________________________________________ (residential address of the landlord). Hereinafter called the Lessor/Owner, and first party

AND

_____________________________ (Name of tenant), called lessee/tenant, or second party

The expression Lessor/Owner and the Lessee/Tenant shall mean and include their legal heirs successors, assigns, representatives etc.

 

Whereas the first party is the owner and in possession of the property No: _______________________________________________________________________________________________ (address of rented property) and has agreed to let out the said property to the second party for a monthly rent of Rs. ______/- (in words) per month.

Now This Rent Agreement Witness As Under:

That the second party will have to pay Rs. ______/- (in words) as monthly rent, which does not include electricity and water charges.

That the second party shall pay one month rent in advance to the landlord that would be further adjusted in the monthly rent.

That the second party shall pay the water and electricity charges on the basis of the consumption to the landlord/owner.

That the second party shall not lease the property to a subtenant under any circumstances without the consent of the owner/landlord.

That the second party shall follow all the rules and regulations, by-laws set by the local authorities in respect of the leased property and will not get involved or do illegal activities in the leased property.

That this rent agreement is granted for a period of eleven (11) months starting from ___________, and this contract can be extended further with the mutual consent of both the parties.

That the second party shall not be permitted to do a construction in the rented premises. Besides, he/she could do the installation of temporary decoration, wooden partition/cabin, air conditioners etc. without seeking the permission of the landlord.

That the second party is not allowed to make any alteration in the rented property without the written consent of the owner.

That the second party will have to allow the landlord or his authorized agent to enter in to rented premises for its inspection or general checking for any repair work, if needed.

That the second party shall keep the premises clean.

That the second party shall bear the cost of day to day minor repairs.

That this contract/agreement could be revoked before the expiry of this tenancy period by serving one month prior notice.

That both the parties have read and understood this agreement and have agreed to sign the same without any pressure from any side.

In WITNESS WHEREOF

The landlord and the tenant have hereunto subscribed their hand at ______ (place) on this the _____________ (date of rent agreement) year first above mentioned in presence of the following witnesses.

Witnesses:

1.

2.

___________ (name of the landlord) _________________ (name of the tenant)

Lessor                                                                                   Lessee

Standard Commercial Lease Agreement PDF

Details to be included in the rent agreement

Key details included in a standard rent agreement are:

• Names and addresses of the tenant and the landlord.
• Signatures of the tenant and the landlord.
• Monthly rental amount.
• Security deposit.
• Maintenance charges.
• Period of stay.
• Responsibilities/rights of the landlord.
• Responsibilities/rights of the tenant.

Rent agreement: Important terms and conditions – For tenants

• Security deposit and token amount:

The agreement must clearly mention the security deposit and what happens to it when you leave the premises. It should also mention the token amount that the landlord has received from you.

• A number of occupants:

The agreement must state what happens if your family members join you in the future.

• Repairs:

The agreement must mention who will bear the costs associated with wear and tear.

• Maintenance:

The agreement must clearly state who will be liable to pay the monthly maintenance charges.

• Visitors:

The agreement must include a clause on who can visit you and at what time.

• Pet policy:

Do check out if your landlord will allow you to keep pets if you were to adopt one.

• Rent receipt: 

To get the tax benefits on the HRA component of your salary, you will have to submit the rent receipts to your employer. Make sure you take these receipts from your landlord, after making the payment. These do not necessarily have to be taken every month and could be taken on a quarterly, half-yearly, or annual basis.

Rent agreement: Important terms and conditions – For landlords

• Conditions to vacate your property.
• Visiting hours.
• Damages to property and their consequences on the tenant.
• Rules on subletting.

You can download Standard Lease Agreement PDF by clicking on the following download button.

Standard Lease Agreement PDF Download Link

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