A rental agreement is a legal contract between a landlord and tenant outlining the terms of property rental including rent amount, duration, and responsibilities of both parties.
RENTAL AGREEMENT / LEASE DEED
This Rental Agreement made at [City] on this [Day] day of [Month], [Year].
BETWEEN
[Landlord Name], son/daughter/wife of [Father's Name], resident of [Address] (hereinafter called the "LESSOR" which term shall mean and include their heirs, successors, legal representatives and assigns) of the ONE PART.
AND
[Tenant Name], son/daughter/wife of [Father's Name], resident of [Address] (hereinafter called the "LESSEE" which term shall mean and include their heirs, successors, legal representatives and assigns) of the OTHER PART.
WHEREAS the Lessor is the absolute owner and in possession of the property described below.
DESCRIPTION OF PROPERTY: [Full address and description of property]
TERMS AND CONDITIONS:
1. Tenure: The lease shall be for a period of [11/33] months commencing from [Start Date] to [End Date].
2. Rent: The monthly rent shall be ₹[Amount] (Rupees [Amount in words] only), payable on or before [Day] of every month.
3. Security Deposit: The Lessee has paid ₹[Amount] as refundable security deposit.
4. Maintenance Charges: [Mention who pays maintenance charges].
5. Electricity & Water Bills: [Mention who pays utilities].
6. Use of Property: The property shall be used for [residential/commercial] purposes only.
7. Alterations: Lessee shall not make any structural changes without written consent.
8. Subletting: Lessee shall not sublet the property to any third party.
9. Termination: Either party may terminate this agreement with [1/3] months' notice.
IN WITNESS WHEREOF, the parties hereto have signed this Rental Agreement on the date and place first mentioned above.
Stamp Duty Note: Stamp duty varies by state (typically 1-5% of annual rent + security deposit). Register the agreement for periods exceeding 11 months.