RENT AGREEMENT

This Rent Agreement is executed at Delhi, on this 09TH day of July, 2023
at Delhi between Shri. Sheel Singhal S/o Shri Om Prakash Singhal R/o-
H.No. 126, Patparganj Village, East Delhi, Delhi-110091 (hereinafter
called the First Party /Landlord)

AND

Shri Ratna Bhanu S/o- Shri Rawi Bhushan Sharma R/o- 125, Pathak and
Yadav Tola, Near Kanya Madhya Vidyalaya, Barauni-2, Barauni,
Begusarai, Bihar-851113 (hereinafter called the Second Party/ Tenant)

(The expression of the first party and second party shall mean and
include their heirs, successor’s executors, legal representatives and
assign, etc.)

Whereas the first party is the owner and in possession of H.No. 126,
Patparganj Village, East Delhi, Delhi-110091 referred to as the “Said
Property”.

AND WHEREAS the first party has agreed to rent out Single Room(1RK)
on the Third Floor of Said Property and the second party has agreed to
take it on the following terms and conditions: -

• That the second party has taken the above said premises on a
monthly rent of Rs. 6,500/- (Rupees Six Thousand and Five
Hundred Only) for a period of initial 11 months, including
maintenance charges & excluding electricity.

• That the second party will deposit a sum of Rs. 6,500/- (Rupees
Six Thousand and Five Hundred Only) as interest-free security,
which shall not be adjusted in the notice period rent and the
amount shall be refundable at the time of handing over the
peaceful vacant possession of the rented premises to the first
party by NEFT/Cheque/Cash and advance rent of Rs. 6,500/-
(Rupees Six Thousand and Five Hundred Only) which shall be
adjusted in the notice period.
• That the above said premise has been given on rent which shall
commence w.e.f. 09/07/20223 to 08/06/2024, and if mutually
agreed between both parties, after the completion of the 11
months fresh agreement is to be executed with an increment of
10% in prevailing rent with mutual consent.

• That the second party will make rent in advance in

NEFT/Cheque/Cash on or before the 15 th day of each English
Calendar Month.

• That the Second Party will abide by all the rules and regulations of
the local authorities concerned connected to the said premises.

• That the second party will deliver the possession of the said
premises on the expiration of the said terms, together with the
first party's fittings, fixtures, and furnishings in complete working
order, and shall be responsible for damages or breakage, if any.
The expenses on repairs of the damages and breakage shall be
borne by the second party or the first party will get it done at the
risk and cost of the first party and deduct the expenses incurred
from the refundable security deposit.

• That the second party shall not make any addition or alteration in
the above-said premises without the first party’s written
permission as all fixtures etc. are in working condition at the time
of handing over the possession on expiry of this rent agreement.

• That the said premises shall be used for the above-mentioned

names of the second party only and the second party shall not
sub-let the said premises in full or in part with possession to any
other persons in any way i.e., without any rent or on rent.

• That the second party shall not use the said premises for any
purpose contrary to law but will use the said premises for
residential use only.

• That the first party shall have the right to enter into the said
rented premises to inspect at any reasonable time in the presence
of the second party.
 • That if any time the second party shall use the said premises for
any illegal purposes or misuse the same in any manner the first
party shall be fully entitled to evict the premises through the
Court of Law without giving any notice to the second party.

• That if the second party shall default on any terms or conditions of

this rental agreement or shall not pay the rent for any two months
continuously then the first party shall have the full rights to enter
into the said property and take legal action against the second
party

• That the First party will pay all municipal taxes i.e., House Tax, etc.
as and when demanded by the concerned authorities.

• That the second party shall keep the premises in good order and
condition and attend day-to-day minor repairs/maintenance of
the same.

• That both parties can ask to vacate the said property after serving
One month’s Notice in writing or verbally.

IN WITNESS WHEREOF first party and second party have set their hands
and signature on this deed of rent agreement at Delhi, on the day,
month, and year first mentioned above in the presence of the following
witnesses

WITNESSES: -
1.
FIRST PARTY/ LANDLORD

2.
SECOND PARTY/ TENANT