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Honey

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Submitted By boju26
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R E N T A L A G R E E M E N T

THIS DEED OF AGREEMENT made and executed on this 12th day of August, 2011 between SMT SMT JAYALAKSHMAMMA,W/o Late Shri H.S. Puttarudrappa, aged 61 years, Residing at No.178, JM Road, Hoskote Bangalore District and Shri. Vijay P.M., S/o Late P.K. Machaiah, residing at No.6 2nd Floor, 19th cross, Ramaswamy Layout, Lakkasandra, Bangalore 560 030, hereinafter called as the TENANT of the Other Part.

Both terms “Landlady” & “Tenant” shall mean and include wherever the context requires their respective heirs, successors, executors, legal representatives and assigns. WHEREAS, the Landlady is the sole and absolute owner of the Property bearing a single large room portion along with Latrine portion in No.33/1, situated at 1st Cross, 2nd Main, Pukhraj Layout, Bannerghatta Road, Audugodi Post, Bangalore -560 030 and she is desirous of letting out the said property to the Tennant on the following terms and conditions.

NOW THIS AGREEMENT WITNESSETH AND IT HS HEREBY AGREED BETWEEN THE PARTIES AS FOLLOWS:

1.The premises described in the Schedule hereunder is a single large room with two different doors and the tenamancy is treated as One Unit tenamency.
2.The tenant has paid an advance of Rs.75,000/-(Seventy Five Thousand Only) and the said amount is treated as Security Deposit, which amount shall carry no interest and the same is liable to be repaid at the time of tenant vacating the premises.
3.It is agreed that, the monthly rent for the Schedule Premises is Rs.5,000/- (Five Thousand Only) and there will be a regular increase of Rs.500/- over and above the said rent on completion of a calendar year. This amount being increased is treated the notional amount towards increase of rent on a notional market value. The tenancy month is the English Calendar month and the rents are payable on or before 5th of each Calendar

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