RENTAL AGREEMENT
This agreement made at the day of 28th August, 2025 BETWEEN
Mr. VAGALDAS PRAVEEN KUMAR S/o. Abdul Aziz, Aged about 46, Occupation:
Private Employee/ Driver, residing at 8-3-169/583, Habeeb Fatima Nagar,
Borabanda, Hyderabad, Telengana- 500045. ( Aadhar No.
Hereinafter called “the Vehicle “ Owner” of Vehicle (which
expression shall, unless it be repugnant to the context or meaning thereof, include
their respective heirs, executors, administration and assigns) of the ONE PART
AND
Mr. MOHAMMED ISMAIL S/o. Abdul Aziz, Aged about 46, Occupation: Private
Employee/ Driver, residing at 8-3-169/583, Habeeb Fatima Nagar, Borabanda,
Hyderabad, Telengana- 500045. ( Aadhar No.
Hereinafter called “the Buyer” (which expression shall, unless it be repugnant to
the context or meaning thereof include his/her heirs, executors and/or
administrators and assigns) of the OTHER PART
Contd…2
..2..
WHEREAS
1. The Seller has the absolute ownership with all rights of ownership and
possession with / without any liability on Vehicle (Make, Registration
Number) and Chassis Number
and Engine Number .
2. Effective from for value consideration as per mutual
consent of Rs. (Rupees only) in form of cash / cheque /
DD payment, seller has agreed to sell, convey and transfers the Vehicle
described into the buyer by handing over Original RC, All Original Keys,
Bank Documents (if any) and any other documents pertaining to the
transfer of the Vehicle with signed RTO Forms. The seller understands that
he transfers the sole right of ownership of the Vehicle referred into the
buyer to be used at sole discretion of the buyer at his / her own will.
3. The buyer takes the full ownership of the Vehicle (Make, Registration
Number) bearing Chassis Number
and Engine Number and consents to complete all transfer
formalities to transfer vehicle in RTO, Insurance in his / her name on the
earliest basis.
4. The Buyer Consents that he has taken the delivery of the Vehicle and
consents to be in possession of all material papers and documents
pertaining to the Vehicle. Buyer understands that all responsibilities, RTO
and other penalties, risks associated after date and time of executing this
agreement will be his/her responsibility.
5. Seller also understands that all responsibilities, RTO and other penalties,
risks associated before date and time of executing this agreement will be
his/her responsibility.
6. Seller has paid the outstanding amount of Bank loan wide loan account
number on and as per the procedure of
Bank he will furnish NOC issued by bank to the Buyer latest by .
In case Seller fails to do so then he will be liable to pay back the whole
amount of consideration to buyer and get the possession of vehicle back.
7. Seller warrants that all documents to buyer and other matters in
connection with such transaction are in all respects as required by, and in
accordance with, all applicable laws and regulations prevailing at the time
of signing this sale agreement with no material facts hidden.
SIGNED AND DELIVERED by the Witness
Seller: 1)
Buyer: 2)
