1. This rental agreement is between Mr. M. Madaiah and Mr. Kapil Das for a property in Bangalore from June 12, 2018.
2. Mr. Das will pay Rs. 4,300 per month rent and is responsible for electricity and water charges. He must pay a Rs. 10,000 deposit.
3. The initial rental period is 12 months, which can be extended by mutual agreement with a 10% rent increase every 2 years. The property must be used for residential purposes only.
1. This rental agreement is between Mr. M. Madaiah and Mr. Kapil Das for a property in Bangalore from June 12, 2018.
2. Mr. Das will pay Rs. 4,300 per month rent and is responsible for electricity and water charges. He must pay a Rs. 10,000 deposit.
3. The initial rental period is 12 months, which can be extended by mutual agreement with a 10% rent increase every 2 years. The property must be used for residential purposes only.
1. This rental agreement is between Mr. M. Madaiah and Mr. Kapil Das for a property in Bangalore from June 12, 2018.
2. Mr. Das will pay Rs. 4,300 per month rent and is responsible for electricity and water charges. He must pay a Rs. 10,000 deposit.
3. The initial rental period is 12 months, which can be extended by mutual agreement with a 10% rent increase every 2 years. The property must be used for residential purposes only.
1. This rental agreement is between Mr. M. Madaiah and Mr. Kapil Das for a property in Bangalore from June 12, 2018.
2. Mr. Das will pay Rs. 4,300 per month rent and is responsible for electricity and water charges. He must pay a Rs. 10,000 deposit.
3. The initial rental period is 12 months, which can be extended by mutual agreement with a 10% rent increase every 2 years. The property must be used for residential purposes only.
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RENTAL AGREEMENT
This rental agreement is made and executed on the 12th day of June, 2018 (12/06/2018) at Bangalore by and between:- Mr.M.MADAIAH Age About 65 Years Residing at Yadavanahalli Village & Post Attibele Hobli, Anekal Taluk, Bangalore - 562107 Hereinafter called as the Owner of the one part and in favour of:-
Mr. KAPIL DAS
S/O SANATAN DAS Narayanpur, Bhogpara, Baksa Assam - 781372
The terms both the parties shall mean and include their respective heirs, legal representatives, administrators, executors, assigns, successors etc.And whereas the Owneris the legal possession holder of premises.
Which is more fully described in the schedule and the tenant approached the owner let out the house on rental basis under the following terms and conditions:-
1. Whereas the lessor is the absolute owner in procession and enjoyment of the property no The Lessor intends to rent to the Lessee and the Lessee has agreed to take over the said House for rent. The parties here to entered into the Agreement under the following terms and conditions.
2. The advance for the shop no and the rent shall be 4,300/-(Four thousand Three Hundred only.)The agreed amount shall be paid by the LESSEE to the LESSOR.
3. The tenant has to pay the electricity charges every month regularly as per the bill produced by KEB. Also shall share the water charges .Advance :10,000 (Ten Thousand Only)
4. The rental period is months from the date of this agreement, but it can be extended by mutual consent; the rent shall be enhanced @10% once in every 2 years over the existing rent.
5. The tenant shall use the premises for residential purpose only, The Lessee and the Lessor undertakes that the RENTAL Period commences from and the stipulated period has been Subsequent to the stipulated period if the parties intend to continue the same, they at the liberty to enter into fresh Agreement with new terms and conditions and further the lessee is entitled to enhance the rent of 10% after two years and to subsequent period.
6. The Lessee is running wholesale and retail sale of Rice Under the name and style of. The LESSEE undertakes that he shall not carry on any offensive business of trade of the premises or any portion of the premises or any portion thereof without the consent of the LESSOR in writing. 7. -The tenant shall keep the premises in good and tenantable conditions without any damages, if any damages caused the Owner is allowed to deduct mutual consent amount from the deposit amount.
8. Both the parties can terminate this agreement by giving Two month notice in advance, The Lessee also agrees to inform the Lessor in case he wants to continue the same premises for further period and he shall do it so in writing prior one months time. The premises shall not be vacated before else the advance amount shall be forfeited.
Certificate No.: IN- KA76145939987385Q
SCHEDULE
IN Witnesses WHEREOF THE LESSOR AND LESSEE have affixed their signatures to this Rental Agreement on the day ,Month &Year first mentioned above and read over and understood the
