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Residential Rental Agreement 2024-2025

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20 views4 pages

Residential Rental Agreement 2024-2025

Uploaded by

rajkummar.1616
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd

RESIDENTIAL RENTAL AGREEMENT

This agreement made at Gurugram on this 10th August 2024 between:

Mrs. Ruchi Negi, residing at A-1501, Galaxy Royale Society, Gaur City 2, Greater Noida West, Uttar
Pradesh-201306 hereinafter referred to as the `LESSOR` of the One Part AND

Mr. Piyush Gupta, S/o Harendra Gupta, R/o 179, Mishrana, VTC: Shikohabad, PO: Shikohabad,
District: Firozabad, Uttar Pradesh-205135 hereinafter referred to as the `LESSEE` of the other Part;

WHEREAS the Lessor is the lawful owner of, and otherwise well sufficiently entitled to Unit 1004,
10th Floor, Tower 11, Pyramid Urban 67A, Sector 67A, Gurugram Haryana falling in the category,
Apartment [Residential Property] and comprising of 2 Bedrooms (1 balcony attached), [2
Bathrooms], 1 Drawing Room with open Kitchen, with an extent of 579.79 sq ft. Carpet Area with
right to use 1 two wheeler parking no.”11/1004” hereinafter referred to as the `said premises`;
AND WHEREAS at the request of the Lessee, the Lessor has agreed to let the said premises to the
tenant for another term of 11 months commencing from 1 st August 2024 and ending on 30 th June
2025 in the manner hereinafter appearing. (Earlier agreement dated 22nd August 2023 expired on
31st July 2024).
NOW THIS AGREEMENT WITNESSETH AND IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES AS
UNDER:
1. That the Lessor hereby grant to the Lessee, the right to enter into and use and remain in the said
premises along with the existing fixtures and fittings listed in Annexure 1 to this Agreement and
that the Lessee shall be entitled to peacefully possess, and enjoy possession of the said
premises, and the other rights herein.
2. That the lease hereby granted shall, unless cancelled earlier under any provision of this
Agreement, remain in force for a period of 11 months provided there shall be a lock in period of
6 months and if cancelled by Lessee then they have to pay rental for remaining lock in period.
3. That the Parties will have the option to terminate this lease by giving one month`s notice in
writing to the Lessor subject to lock in period.
4. That the Lessee shall have no right to create any sub-lease or assign or transfer in any manner
the lease or give to any one the possession of the said premises or any part thereof.
5. That the Lessee shall use the said premises only for residential purposes and shall comply with
all rules, regulations and requirements of Society, RWA, any statutory authority, local, state and
central government and governmental departments in relation to the said premises.
6. That the Lessee is not authorized to make any alteration in the construction of the said premises.
The Lessee may however install and remove his own fittings and fixtures, provided this is done
without causing any excessive damage or loss to the said premises and with the approval of
Lessor.
7. That the day to day repair jobs such as fuse blow out, replacement of light bulbs/tubes, leakage
of water taps, maintenance of the water pump and other minor repairs, etc., shall be effected by
the Lessee at its own cost.
8. That the Lessor or its duly authorized agent shall have the right to enter into or upon the said
premises or any part thereof at a mutually arranged convenient time for the purpose of
inspection.
9. That the Lessee shall use the said premises along with its fixtures and fitting in careful and
responsible manner and shall handover the premises to the Lessor in working condition.
10. That in consideration of use of the said premises the Lessee agrees to pay to the Lessor during
the period of this agreement, a monthly rent at the rate of 22,500 (Twenty Two Thousand Five
Hundred only) excluding maintenance. The amount of rent will be paid in advance on or before
the date of 1st day of every English calendar month and the amount of maintenance to be paid in
within due time as per Society Rules and regulation by the Lessee.
11. It is hereby agreed that if default is made by the lessee in payment of the rent for a period of
two months, or in observance and performance of any of the covenants and stipulations hereby
contained and on the part to be observed and performed by the lessee, then on such default,
the lessor shall be entitled in addition to or in the alternative to any other remedy that may be
available to him at this discretion, to terminate the lease and eject the lessee from the said
premises; and to take possession thereof as full and absolute owner thereof.
12. That in addition to the compensation mentioned above, the Lessee shall pay the actual
electricity, water bills for the period of the agreement directly to the authorities concerned and
share the proof with Lessor. The relevant `start date` for electricity and water usage was 15 th
April 2023 as per earlier agreement.
13. That the Lessee has paid to the Lessor a sum of 21,500 (Twenty-One Thousand Five Hundred) as
deposit, free of interest, and one-month advance rent of Rs.21,500 (Twenty-One Thousand Five
Hundred) which the Lessor does accept and acknowledge as per earlier agreement. Now Lessee
shall pay Rs.1000 (One thousand) making the deposit equals to the revised rent amount. This
deposit is for the due performance and observance of the terms and conditions of this
Agreement. The deposit shall be returned to the Lessee simultaneously with the Lessee vacating
the said premises.
14. The Parties mutually agreed that any dispute, settle, contrary or claim arising between the
Parties connecting with this Agreement which cannot be amicably resolved by the parties within
15 days shall be exclusively and finally settled by court of New Delhi by the law of India.

IN WITNESS WHEREOF, the parties hereto have set their hands on the day and year first hereinabove
mentioned.

Lessor, Lessee,

Ruchi Negi Mr. Piyush Gupta


A-1501, Galaxy Royale Society 179, Mishrana, VTC: Shikohabad, PO: Shikohabad,
Gaur City 2, Greater Noida District: Firozabad, Uttar Pradesh-205135,
West, Uttar Pradesh-201306
,

WITNESS ONE WITNESS TWO


Sanjay Negi Priya Gupta
A-1501, Galaxy Royale Society Ward No.8, [Link].218, Munshi Gorakh Nath Tola,
Gaur City 2, Greater Noida [Link], Indira Nagar, Dr. B. Bhattacharya Chauraha,
West,Uttar Pradesh-201306 Deoria, Uttar Pradesh-274001
ANNEXURE I

List of fixtures and fittings provided in Unit 1004, 10th Floor, Tower 11, Pyramid Urban 67A, Sector
67A, Gurugram Haryana:
1. Two wooden Almira with extension of 4 adjoining cupboards each (total 8)
2. Kitchen with wooden drawers/cupboard
3. One Exide battery 2000AH
4. 1 Luminous Inverter Eco Watt Neo 1050 VA
5. 2 Bajaj Geyser 15 LTR
6. 2 Bathroom mirrors
7. 2 mirrors in Wardrobe
8. 1 Aquaguard Amaze Water RO
9. 3 Usha Racer Ceiling Fan
10. 3 Exhaust Fans (2 Havells+ 1 NorthStar)
11. 5 Fancy hanging lights

Lessor, Lessee,

Ruchi Negi Mr. Piyush Gupta


A-1501, Galaxy Royale Society 179, Mishrana, VTC: Shikohabad, PO: Shikohabad,
Gaur City 2, Greater Noida District: Firozabad, Uttar Pradesh-205135,
West, Uttar Pradesh-201306
,

WITNESS ONE WITNESS TWO


Sanjay Negi Priya Gupta
A-1501, Galaxy Royale Society Ward No.8, [Link].218, Munshi Gorakh Nath Tola,
Gaur City 2, Greater Noida [Link], Indira Nagar, Dr. B. Bhattacharya Chauraha,
West,Uttar Pradesh-201306 Deoria, Uttar Pradesh-274001

Common questions

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The agreement allows either party to terminate the lease by giving one month's notice, provided it's outside the 6-month lock-in period . If terminated by the Lessee within the lock-in period, they must pay rent for the remaining lock-in period . Additionally, the Lessor can terminate the lease if the Lessee defaults on rent for two months or violates the agreement terms .

The Lessee must use the premises for residential purposes only and comply with the rules from societal, local, state, and central authorities . No sub-letting is allowed, ensuring security and control over occupancy . Repair tasks and upkeep are delegated to the Lessee to maintain the property's condition. The Lessor retains inspection rights to ensure compliance and security .

The Lessee is responsible for day-to-day maintenance such as replacing light bulbs and fixing leaks . The premises must be used carefully to avoid damage, and the Lessee must maintain the fixtures and return the premises in working condition upon lease termination . Major repairs or modifications require the approval of the Lessor .

The Lessee has the right to peacefully enjoy the premises as specified, and is responsible for day-to-day repairs, paying rent in advance, and paying utility bills directly during the agreement period . The lessee is also restricted from making alterations to the property without permission and cannot sub-lease the property . Furthermore, the Lessee must return the premises in working condition and any dispute is subject to settlement in New Delhi courts .

If a dispute arises that cannot be resolved within 15 days, it is to be settled exclusively by the New Delhi court as per Indian law . This ensures that legal measures can be taken if amicable resolution fails, providing a clear legal framework for conflict resolution.

The Lessee is strictly prohibited from creating a sub-lease or transferring possession to any third party . This measure ensures the Lessor retains control over the tenancy and protects the property from unauthorized occupants, underscoring strict tenancy regulations.

The agreement grants the Lessor, or an authorized agent, inspection rights to the premises, which must be conducted at a mutually convenient time . This right ensures the Lessor can monitor the property's condition, enforcing the terms of maintenance while respecting the Lessee's privacy by requiring prior arrangements.

While the Lessee can install or remove his fittings, this must be done without causing excessive damage to the property, and any such modifications need the Lessor's approval . This clause ensures responsibility and accountability for preservation and any potential damage to fixtures and fittings.

Beyond rent, the Lessee is responsible for day-to-day property upkeep costs, such as replacing light bulbs and minor repairs . The Lessee is also required to pay utility bills and share proof of payment with the Lessor . These obligations ensure the Lessee contributes to maintaining the property’s operational standards.

The Lessee agrees to pay a monthly rent of 22,500 INR in advance by the first day of each month . Additionally, maintenance fees must be paid according to society rules. Utilities such as electricity and water are to be paid directly to the respective authorities . The deposit amount is revised to match the rent, with any defaults allowing the Lessor to terminate the lease .

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