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HOUSE RENT AGREEMENT
THIS AGREEMENT IS MADE ON THIS THE 1ST DAY OF JULY, 2017
BETWEEN
SUBASINI BEURA, aged about 54 years, w/o- Late Sanjam Kumar Beura,
resident of Plot No 1011, At- Jayadurga Nagar, Po-Jharpada, Bhubaneswar,
Khurda Odisha 751006
................... 1st party / Landlord
AND
DEEPAK KUMAR BEURA, aged about 31 years, S/o- Late Sanjam Kumar
Beura, resident of Plot No 1011, At- Jayadurga Nagar, Po-Jharpada,
Bhubaneswar, Khurda Odisha 751006 ................ 2nd party /Tenant
Whereas the landlord is the absolute owner in possession of the Land and
building situated at Plot No 1011, At- Jayadurga Nagar, Po-Jharpada,
Bhubaneswar, Khurda Odisha 751006
And whereas the Landlord is agreeable to let out a part of her building more
fully described in the schedule of premises hereunder given on monthly
rent basis to the Tenant for carrying on his business on following terms
and conditions.
TERM AND CONDITIONS :
1. That, agreement shall be deemed to have been effective from
01.07.2017 and it shall be valid for a period of Six years unless
determined earlier due to act of parties hereinafter specified.
2. That, the Tenant will pay a lump sum amount of Rs. 7,000/ - (
Rupees Seven Thousand) only as security deposit on the date of
execution of this deed of agreement to the Landlord which would be
retained by the Landlord without earning any interest till it
becomes refundable by the Landlord to the Tenant on the Tenants
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vacating its schedule premises subject to any deduction there from
towards adjustment against and unforeseen expenditure which may
be adjustment against any unforeseen expenditure which may be
found to have been occasioned by the Tenant.
3. That , the monthly rent for the said scheduled premises Rs. 3500/-
(Rupees Three Thousand and Five Hundred) only (Excluding Electricity
Charges) payable by the Tenant to the Landlord within 1st week of
each English calendar month and the Landlord shall acknowledge
the receipt of the monthly rent to the Tenant.
4. That, Landlord shall pay land revenue and municipal Tax in respect
of the schedule premises, whereas the Tenant shall bear the cost of
electrical consumption charges on the basis of meter reading of the
sub-meter installed for the scheduled premises and also pay regularly
the municipal tax and other statutory taxes pertaining to his/her
business as per the demands of the Municipal and other statutory
authorities.
5. That, the Tenant shall not carry on any business other than the
business covered under this agreement. He shall not also store any
inflammable or contraband materials which may likely create damage
to the schedule premises and its adjoining area. Further he/she
shall not carry on business which is prohibited under the law.
6. That, the Tenant shall keep the scheduled premises in good habitable
conditions and shall not create any disturbances that may likely
hamper the sanctity of the neighbouring area.
7. That, this Agreement may be terminated at any time during the
continuance of the term of tenancy by either party with two months
prior notice to the other party. In case the Tenant intends to quit the
said premises , the house rent for the two months of notice period
shall be adjusted by the Landlord out of the security deposit of Rs.
7,000/- retained by his/her.
8. That, Breach of any of the terms and conditions on the part of the
Tenant shall render him liable to be evicted at the cost of the Tenant.
SCHEDULE OF PREMISES
Plot No 1011, At- Jayadurga Nagar, Po-Jharpada, Bhubaneswar
In witnesses whereof the parties hereto have put their respective signature
on the date month and year first above mentioned.
WITNESSES
1. SIGNATURE OF THE 1ST PARTY
(LANDLORD)
2. SIGNATURE OF THE 2ND PARTY
(TENANT)
