This rental agreement between OWNER Gomathi M and TENANT Jayalingam A is for a 2BHK house in Urapakkam, Chennai, for a duration of twelve months starting from April 1, 2024, at a monthly rent of Rs. 20,000, with an advance security deposit of Rs. 80,000. The agreement outlines responsibilities regarding rent payment, maintenance, and termination notice. It also specifies that the property will be used for residential purposes only and includes terms for potential renewal and inspections.
This rental agreement between OWNER Gomathi M and TENANT Jayalingam A is for a 2BHK house in Urapakkam, Chennai, for a duration of twelve months starting from April 1, 2024, at a monthly rent of Rs. 20,000, with an advance security deposit of Rs. 80,000. The agreement outlines responsibilities regarding rent payment, maintenance, and termination notice. It also specifies that the property will be used for residential purposes only and includes terms for potential renewal and inspections.
This rental agreement between OWNER Gomathi M and TENANT Jayalingam A is for a 2BHK house in Urapakkam, Chennai, for a duration of twelve months starting from April 1, 2024, at a monthly rent of Rs. 20,000, with an advance security deposit of Rs. 80,000. The agreement outlines responsibilities regarding rent payment, maintenance, and termination notice. It also specifies that the property will be used for residential purposes only and includes terms for potential renewal and inspections.
This rental agreement between OWNER Gomathi M and TENANT Jayalingam A is for a 2BHK house in Urapakkam, Chennai, for a duration of twelve months starting from April 1, 2024, at a monthly rent of Rs. 20,000, with an advance security deposit of Rs. 80,000. The agreement outlines responsibilities regarding rent payment, maintenance, and termination notice. It also specifies that the property will be used for residential purposes only and includes terms for potential renewal and inspections.
This AGREEMENT OF RENTAL is executed at Chennai on the 20th day of March
2024 between, GOMATHI M [PAN – CRUPG8446F] aged about 48 residing at No: 9A, First Floor, Kulasekaran Street, Bharathi Nagar, Urapakkam, Chengalpattu - 603210. Hereinafter called the OWNER, Which expression shall unless excluded by or repugnant to the subject or context means and includes him, his legal representatives, administrators and assigns of the one part. AND JAYALINGAM A [PAN – BDNPJ6106R] aged 32 Years, residing at No: 9, Ground Floor, Kulasekaran Street, Bharathi Nagar, Urapakkam, Chengalpattu - 603210. and whereas the TENANT approached the Owner for the rental of 2BHK - house at No: 9, Ground Floor, Kulasekaran Street, Bharathi Nagar, Urapakkam, Chengalpattu - 603210. for residential purposes for a period of Twelve Months commencing from the 01st day of April 2024 and the TENANT has agreed to pay Rs. 20,000/- (Rupees twenty thousand only) towards the monthly rent commencing from 1st April 2024. TENANT has already paid interest free advance of Rs. 80,000/- (Rupees eighty thousand only) towards the security deposit on 30th March 2024. NOW THIS DEED WITNESSENTH AS FOLLOWS
1. The rental agreement agreed to shall be in force for a period of TWELVE (12) Months only, commencing from 01.04.2024 to 31.03.2025 and the same shall be renewable for a further period of if both the parties may agree to it.
2. The monthly rent shall be payable on or before the 5 th day of every succeeding calendar month.
3. That the OWNER shall permit the TENANT to occupy and use the aforesaid premises for residential purpose only for a consideration of Rs. 20,000/- towards the rent. The rent is subject to revision after 12 months on mutual understanding and consideration. TENANT has already paid interest free advance of Rs. 80,000/- (Rupees fifty thousand) towards the security deposit on 30th March 2024.
4. That the OWNER shall pay and discharge all Government, Statutory, Corporation taxes and Metro Water and drainage taxes in respect of the demised premises.
5. That the TENANT shall bear the electrical charges as per the electric meter reading of the said premises and shall not make the OWNER responsible for such payments or dues.
6. That the TENANT shall not make any structural alterations or additions or improvements to the premises without the written consent of the OWNER.
7. That the TENANT shall use the premises occupied by them in good hygienic condition and that expecting wear and tear and damages beyond their control caused due to nature, their responsibility for compensation to be paid to the OWNER is limited to deliberate damages caused by the TENANT during their occupancy of the demised premises.
8. That the OWNER at his cost, charges and expenses keep and maintain the demised premises and fixtures therein including the interiors in proper repair and serviceable conditions by undertaking general repairs or replacements as required to do so, and that the OWNER is responsible for undertaking the insurance of the property as applicable by Law.
9. That the TENANT shall permit the OWNER or their agents to enter the said premises during their occupation to inspect and carry out necessary structural repairs to the said premises at all reasonable times. That the tenancy shall be for a period of 11 month as per clause 1 above and shall be renewed thereafter on such terms and conditions to be mutually agreed upon at that time.
10. That in case either the OWNER or the TENANT should decide to terminate the rent period prior to the expiry of the period mentioned in the above clause, they may do so by giving one month’s advance notice in writing by the party so wising to the other and on the expiry of which the rent shall be deemed to have been terminated and with no compensation. In such case, the advance paid as security deposit as per clause 1 above shall be refunded by the OWNER to the TENANT on the day vacant possession of the said premises is given, after adjusting any dues or for any deliberate damages done to the premises by the TENANT and / or his servants and / or his agencies. It is understood both by the OWNER and the TENANT that the TENANT will continue to pay as mutually agreed the monthly rental and amenities charges even during the notice period if the notice is given by the TENANT.
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