RESIDENTIAL
LEASE
LEASE
AGREEMENT, entered into between ___________
(Lessor)of the ONE PART; and __________ (Lessee)
of the OTHER PART.
WHEREAS
the Lessor is the owner of the ____
IT IS NOW for good
consideration it is agreed between the parties as
follows:
1. Location:
Lessor hereby leases and lets to Lessee the
premises described as follows: _________
2. Term:
This lease shall be for a term of _____ year(s),
commencing on__________, 20_____.
3. Rent:
Lessee shall pay Lessor the annual rent of
Rs________ during said term, in monthly payments
of Rs_______, each payable monthly on the first
day of each month in advance at such place as we
may from time to time specify by written notice
to you. Lessee shall pay a security deposit of
Rs_______ to be returned upon termination of this
Lease and the payment of all rents due and
performance of all other obligations.
4.
Utilities and Services: Lessee
shall at its own expense provide the following
utilities or services: Lessee must pay promptly
as they become due all charges for furnishing
____________[specify, e.g., water, electricity,
garbage service, and other public utilities] to
the premises during the lease term.
Lessor shall at
its expense provide the following utilities or
services: [specify]
Lessor does not
warrant the quality or adequacy of the utilities
or services specified above, nor does Lessor
warrant that any of the utilities or services
specified above will be free from interruption
caused by repairs, improvements, or alterations
of the building or the Apartment or any of the
equipment and facilities of the building, any
labor controversy, or any other causes of any
kind beyond Lessor’s reasonable control. Any
such interruption--and any other inability on our
part to fulfill our lease obligations resulting
from any such cause--will not be considered an
eviction or disturbance of Lessee’s use and
possession of the Apartment, or render us liable
to you for damages, or relieve you from
performing your lease obligations.
5. Lessee
further agrees that:
a) Condition
of Premises: Upon the expiration of
the Lease it shall return possession of the
leased premises in its present condition,
reasonable wear and tear, fire casualty
excepted. Lessee shall commit no waste to the
leased premises.
b) Assignment
or Subletting: Lessee shall not
assign or sublet said premises or allow any
other person to occupy the leased premises
without Lessor's prior written consent.
c) Alterations:
Lessee shall not make any material or
structural alterations to the leased premises
without Lessor's prior written consent.
d) Compliance
with Law: Lessee shall comply with
all building, zoning and health codes and
other applicable laws for the use of said
premises.
e) Lessee’s
Conduct: Lessee shall not conduct on
premises any activity deemed extra hazardous,
or a nuisance, or requiring an increase in
fire insurance premiums.
f) Pets:
Lessee shall not allow pets on the premises.
g) Right
of Termination and Re-Entry: In the
event of any breach of the payment of rent or
any other allowed charge, or other breach of
this Lease, Lessor shall have full rights to
terminate this Lease in accordance with state
law and re-enter and re-claim possession of
the leased premises, in addition to such
other remedies available to Lessor arising
from said breach.
7. Subordination:
This Lease shall be subordinate to all present or
future mortgages against the property.
8. Time
of Essence: Time is of the essence in
this agreement.
9. Indemnity:
Lessee will indemnify and hold Lessor and
Lessor’s property--including the leased
premises--free and harmless from any liability
for injury to or death of any person, including
Lessee, or for damage to property arising from
Lessee’s using and occupying the premises or
from the act or omission of any person or
persons, including Lessee, in or about the
premises with Lessee’s express or implied
consent.
10. Binding
of Heirs and Assigns: Subject to the
provisions of this lease against assignment of
Lessee’s interest under this lease, all
lease provisions extend to and bind, or inure to
the benefit of, the parties to this lease and to
every heir, executor, representative, successor,
and assign of both parties.
11. Rights
and Remedies Cumulative: The rights and
remedies under this lease are cumulative, and
either party's using any one right or remedy will
not preclude or waive that party's right to use
any other. These rights and remedies are in
addition to any other rights the parties may have
by law, statute, ordinance, or otherwise.
12. Indian
Law To Apply: This agreement is to be
construed under Indian law, and all obligations
of the parties created under this lease are
performable at Mumbai (City where property is
situated)
13. Legal
Construction: If any one or more of the
lease provisions are for any reason held invalid,
illegal, or unenforceable in any respect, such
invalidity, illegality, or unenforceability will
not affect any other provision of this lease,
which will construed as if it had never included
the invalid, illegal, or unenforceable provision.
14. Prior
Agreements Superseded: This agreement
constitutes the only agreement of the parties and
supersedes any prior understandings or written or
oral agreements between the parties respecting
the subject matter.
15. Amendment:
No amendment, modification, or alteration of this
lease is binding unless in writing, dated
subsequent to the date of this lease, and duly
executed by the parties.
16. Additional
Lease terms:
IN WITNESS OF THIS
AGREEMENT, the Lessor and Lessee execute this
agreement as of the day and year first above
written.
- Signed
Sealed and Delivered by
the
- withinnamed
"LESSOR" Mr.______
- in the
presence of ______________
- Signed
Sealed and Delivered by the
- withinnamed
":LESSEE" ________
- through its
authorised signatory
- Mr.__________________________
- In the
presence of Mr.___________
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