Lease Agreement Template

            THIS AGREEMENT OF LEASE executed this xx^th day of -->Month<-- -->Year<-- (Year in words) between the -->Name of House Owner<-- residing at -->Complete Address<-- herein after called the LESSORS which expression shall mean and include their successors and assigns of the one part and -->Tenant Name<--, -->Tenants Current/Permanent Address<--, which shall include its successors and assigns of the other part, WITNESSETH:

            WHEREAS THE LESSORS is the owner of the house bearing -->Address of house to be rented<-- and the LESSORS has agreed to rent out the above premises herein called the DEMISED PREMISES. The LESSE has also agreed to take on lease the demised premises for self residential purpose for a period of 11 months commencing from (-->DD MMM YYYY<--) on a monthly rent of Rs.-->Rent Amt<--/- (Amount in words).

3. THE LESSE HEREBY AGREES:

     (i)            That the monthly rent & maintenance charges will be payable regularly and without abatement or any reduction whatsoever except as provided ion the agreement on or before the 5^th day of each month succeeding for which it is payable.

   (ii)            To pay the LESSORS as advance amount of Rs.-->Advance Amt<--/- (-->Amount in words<--) being advance and security deposit and the receipt of which the LESSORS hereby ACKNOWLADGES and this advance as INTEREST FREE security deposit will be refunded in one lump sum by the LESSORS at the time of vacation or adjusted against arrears of rental, repairs & damages if any.

 (iii)            To pay all charges relating to electricity and water consumed the demised premises.

 (iv)            To keep the premises in good and habitable condition and on the expiry of the lease for with handover possession of the premises in the same condition, as then let, subject to normal wear and tear and acts of GOD, if the lease is not renewed for a further period as provided elsewhere in the agreement.

   (v)            Not to make any structural alteration to the demised premises, without the prior consent, in writing, from the LESSORS.

 (vi)            Shall use the DEMISED premises only for the residential purpose and shall not use it for any offensive or objectionable purposes.

(vii)            Not to sub-let the above mentioned premises in the whole or part to anyone and shall handover the possession of the premises to the LESSORS at the time of vacation.

4. THE LESSORS HEREBY AGREES:

(a)    To pay the house tax, municipal tax and any other taxes or cess levied by the GOVT or local bodies pertaining to the demised premises.

(b)   To allow the LESSE to enjoy the demised premises without any hindrance or let from the LESSORS or any other person claiming through him.

(c)    To permit the LESSE to remove from the premises at the expiry or sooner termination of the tenance, all the fixtures and fittings installed by the LESSEE.

(d)   The rent is valid for 11 months of this agreement and If required for further period an increase of rent of 10% is payable.

5. IT IS HEREBY EXPREESLY AGREED BETWEEN THE PARTIES THAT:

(a)    The lease agreement is terminable on 3 months (three months) notice on either side.

(b)   IF THE LESSEE shall be desirous of continuing the tenancy hereby created for a further term at the expiration of the term hereby agreed to, after the LESSEE has expressed his intentions by a notice, in writing, TWO MONTHS before the expiration of the lease, the LESSOR may at his option renew the lease on terms and conditions to be mutually agreed upon.

IN WITNESS WHEREOF the parties have set their hands and seal to these presents on the day, month and year first hereinabove written.

SCHEDULE OF PROPERTY

-->Rented Property Address<--

WITNESS:                                                                                                    LESSORS

1.

2.