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| rent agreement format in pakistan |
In the name of ALLAH, the most beneficent, the most merciful
RENT
AGREEMENT OF HOUSE
This rent agreement of
is being executed on 20th day of
May, 2019 between Zahid Iqbal son of Shahid Iqbal R/O House No. 1,
Street No. 2, Mohallah Shah Chan Chiragh, Rawalpindi (hereinafter called as
AND
Farhan Khan son of Zafran
Khan R/O House No. 50, Gali No. 53, Sector I-10/1,
WHEREAS, the said first
party is the absolute owner in possession of House No. 3, Street No. 50,
Mohallah Amarpura, Rawalpindi and has agreed to let out the said House on
monthly rent basis to the Tenant and Tenant has agreed on the same, with the following
terms and conditions.
1.
That the rent of the above-stated
House has been fixed as Rs. 25,000/-(Rupees Twenty Five Thousand only) per
month which will always be paid in advance within 20-25th day of
every month, against a receipt in writing of a receipt thereof. Also a
refundable Security Deposit of Rs. 40,000/— (Rupees Forty thousand only) has
been paid from the Second Party to first party which is refundable at the time
of vacation of the said House by the Second Party adjusting therewith unpaid
utility bills, unpaid monthly rent, etc., if any –
2.
That the tenancy
period is for eleven months i.e from
3. That one month’s notice from either party for the vacation of the said House is mandatory, e.g. if Second Party wishes to vacate the said House and hand over to the First Party or the First Party wishes to get the said House vacated from the Second Party
4.
That the Second Party
is not allowed to make any sort of change in the structure of the House without
the written prior approval of the First Party. That the Second Party will
utilize the House only and only for the residential purposes within framework
of the law and rule of the Islamic Republic of Pakistan any illegal activity,
detected would tend to revocation of the instant Rent Agreement and the House
will be got vacated from Second Party without serving upon him any notice in
writing
5.
That the Second Party
will not sub-let the House wholly or partially.
6.
That the possession of
the House will physically be handed over to the First Party on the expiry of
the instant agreement
7.
That the Second Party
will hand over the possession of the House back to the First Party in the
condition it was given to him. He will be fully responsible for repair or
replacement of any wear and tear in the House.
8.
That the Second Party
will be solely responsible for the payment of all sort of Utility Bills i.e.
Electricity, Gas, etc., and give back the paid bills to the First Party.
9.
That the First Party
or his agent(s) shall have the right at all reasonable times during the term of
this Rent Agreement and any renewal of this Lease Agreement to enter the said House
for the purpose of inspecting the premises and / or making any repairs to the
premises or other item as required under this Rent Agreement.
10. That breach of any of the above terms and conditions will
tend to vacation of the House by the Second Party without serving any kind of
notice.
Now,
therefore, this Tenancy Agreement has been drafted, read and understood by both
the parties and signed before the presents on the date, month and the year
mentioned above.
Landlord-First
party ________ Second Party-Tenant
________
Zahid
Iqbal Farhan
Khan
CNIC
No. 37405-0000000-0 CNIC No. 37405-0000000-0
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