PAYING GUEST (PG) AGREEMENT
This Rent Agreement is made and executed at ____________ between
M/S ____________ Through its Care taker Mr. ____________, S/o : ____________, R/O - ____________ . the first part, hereinafter called the LESSOR/OWNER.
AND
Mr. ____________, S/o : ____________, R/O ____________ of the second part, hereinafter called the LESSEE/TENANT.
The expression and words of the first party and the second party shall mean and include their legal heirs, nominees, executors, successors, assignees, administrators and legal representatives respectively).
WHEREAS the first party /lessor is the owner and in possession of Property bearing Address Room/Bed no - ____________, ____________ , hereinafter called the Premises. Which lessor has agreed to give and lessee has agreed to take on lease for a period of ____________ months.
AND WHEREAS on request of the lessee the lessor aforesaid has agreed to let out for the RESIDENTIAL purpose and shall not use it for any other purpose and whereas the lessee has agreed to execute and sign this rent agreement as per terms and conditions mentioned below: -
NOW THIS RENT AGREEMENT WITNESSE AS UNDER: -
1. That the monthly rent of the above said premises has been settled between both the parties at a sum of RS. ____________ (Rupees ____________ Only)/- Including (Rs. ____________/-) charges every month and one month’s rent in advance.
2. That the Second party has deposited to the lessor a sum of Rs. ____________/- (Rupees ____________ Only) as interest free security.
3. After adjustment of rent arrears, utility charges, maintenance dues and damages, the balance security deposit shall be refunded by the Lessor within a reasonable period after the Lessee hands over vacant possession.
4. That if the Lessee fails to pay the monthly rent by the due date, the Lessor shall have the right to demand the outstanding rent. In case the default continues despite notice, the Lessor shall be entitled to terminate this Agreement in accordance with Clause No. 8 and recover all outstanding dues as per law.
5. That the agreement is for a period of ____________ -month w.e.f. ____________.
6. That rent will be paid on or before the ____________ day of every English Calendar month by Online/Transfer.
7. That the Premises shall be used exclusively for residential purposes only. The Lessee shall not use the Premises for any commercial, business, office, illegal or immoral activities without the prior written consent of the Lessor and the competent authorities, wherever required.
8. That after the expiry of ____________ months period the rent shall be increased ____________ % by if the tenancy has been continued subject to mutual consent of both the parties.
9. That the Lessee shall handover the vacant physical possession of the premises referred to above to the Lessor at the time of termination of lease together with the fittings and fixtures duly repaired, if any damage done.
10. That no additions and alterations will be made by the lessee without prior written consent of the lessor.
11. That the rent agreement can be terminated even before the expiry of the lease deed period by either the lessor or the lessee, by giving ____________ month(s) prior written notice in advance.
12. That the lessee shall not sublet or part with the said premises in whole or their parts thereof, without the written consent of the lessor.
13. That on the expiry of the lease period, the lessee shall handover peaceful and vacant possession of the said premises to the lessor with all the fittings and fixtures intact therein in same good working conditions/order as the lessee received it.
14. That the lessee shall peacefully permit either lessor or his representative to enter the premises in all the reasonable times in order to examine the state and condition of the premises.
15. That all the day to day repairs of minor nature, such as replacement of fuses, washers, bulbs, leakage, fane, tube lights and other fixtures etc., shall be done by the Lessee at their own cost. However, Major repair such as leakage or defects in electrical/water circuits, fixtures or any damages to the structure shall be carried out by the Lessor provided such damages is not caused by act or neglect on the part of the Lessee in which case the Lessee will have to withstand the necessary expenditure.
16. That the Premises will be handed over same condition as given otherwise security will be forfeited.
17. That the lock-in-period of this agreement will be ____________ months if the lessee vacate the premises before expiry of ____________ months then lessee’s security money will be forfeited.
18. That the electricity charges and water charges and IGL charges shall be paid by the Lessee directly to the concerned authority or the Lessor as per the Meter installed therein.
19. That the Lessee shall strictly comply with all the rules, regulations and bye-laws of the Apartment Owners' Association/Society. The Lessee shall not create any nuisance, disturbance or inconvenience to the neighbours or other residents of the society.
20. That in case of any dispute between the parties, the court of ____________, U.P shall have the jurisdiction entertain the same.
21. That this Agreement constitutes the entire understanding between the Lessor and the Lessee regarding the tenancy of the Premises. Any amendment, modification or addition to this Agreement shall be valid only if made in writing and duly signed by both the parties.
FOOD FACILITY: With Food. Monthly food charges, where applicable, shall be Rs. ____________. Additional food terms: ____________.
ADDITIONAL / SPECIAL CLAUSES: ____________
IN WITNESS WHEREOF both the parties have set their respective hands on this RENT AGREEMENT at ____________ on the first above written in the presence of the following witnesses.
WITNESSES: -
1. LESSOR/ FIRST PARTY
2. LESSEE /SECOND PARTY
Tenant
