Rent Agreement and the Eleven-month Practice

RENT AGREEMENT

THIS RENT AGREEMENT is made at [Place where the Agreement is made] on this [Day of the month the Agreement is made] day of [month, year], on e-stamp certificate number [certificate number] dated [E-Stamp certificate date] of the value of Rs [Value of the e-stamp paper (Rs)].

Between

[Name of the landlord], [Landlord's relation (son / daughter / wife)] of [Name of Landlord's father, mother or husband], aged about [Landlord's age (years)] years, residing at [Landlord's residential address], holding Permanent Account Number [Landlord's PAN], hereinafter referred to as “the Landlord” (which expression shall include his heirs, executors, administrators, legal representatives and assigns) of the ONE PART;

And

[Name of the tenant], [Tenant's relation (son / daughter / wife)] of [Name of Tenant's father, mother or husband], aged about [Tenant's age (years)] years, presently residing at [Tenant's present residential address], employed with [name of the employer] at [Address of Tenant's employer], holding Permanent Account Number [Tenant's PAN], hereinafter referred to as “the Tenant” (which expression shall include his heirs, executors, administrators and legal representatives) of the OTHER PART.

Whereas

1. The Landlord is the absolute and lawful owner of and is seized and possessed of the residential premises more particularly described in the First Schedule hereunder written (“the said Premises”), having acquired the same by [sale deed / gift deed / allotment and conveyance] dated [Date of Landlord's title document] registered with the Sub-Registrar of Assurances at [place] under serial number [Registration serial number of the title document].

2. The Tenant has approached the Landlord for the said Premises on rent for his own residence and that of the members of his family named in clause 8, and has represented that he requires the same for that purpose only.

3. The Landlord has agreed to let and the Tenant has agreed to take on rent the said Premises for a term of eleven months on the terms recorded below.

Now this agreement witnesseth as follows

1. Demise and term. The Landlord hereby lets to the Tenant and the Tenant hereby takes on rent the said Premises together with the fixtures, fittings and articles listed in the Second Schedule, for a term of eleven months commencing on [Tenancy start date] and expiring on [Tenancy end date]. The tenancy shall stand determined on the expiry of the said term by efflux of time, without any notice being required from either Party.

2. Rent. The Tenant shall pay to the Landlord a monthly rent of Rs [Monthly rent (Rs)] (Rupees [Monthly rent in words] only), payable in advance on or before the [fifth] day of every English calendar month, by electronic transfer to the Landlord’s bank account, being account number [Landlord's bank account number] with [bank and branch], IFSC [code]. Rent for a part of a month shall be paid proportionately. The Landlord shall issue a receipt for every payment within seven days of request. No rent shall be paid in cash.

3. Security deposit. The Tenant has on or before the execution of this Agreement paid to the Landlord an interest-free refundable security deposit of Rs [Security deposit (Rs)] (Rupees [Security deposit in words] only) by [NEFT / RTGS of [date], UTR [number]], the receipt of which the Landlord hereby acknowledges. The deposit secures the due performance by the Tenant of his obligations and may be applied by the Landlord towards unpaid rent, unpaid electricity, water or maintenance charges, and the cost of making good damage other than fair wear and tear. [In a State which has adopted the Model Tenancy Act 2021, the deposit shall not exceed two months’ rent for residential premises.]