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Rent Agreement

This rental agreement is between Dr. Akbar Baig and Jagadheesha for an office property located at No. 906-A-48-5, 1st floor, 6th main road Vijaynagar Bengaluru-560040. The key terms are: 1) The property is rented from July 7, 2020 for 24 months, which can be extended by mutual consent. 2) Dr. Akbar Baig will pay Rs. 18,000 per month in rent by the 1st of every month. 3) The rent will increase by 15% every 3 years or as mutually agreed by the parties.

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Harish Agarwal
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50 views3 pages

Rent Agreement

This rental agreement is between Dr. Akbar Baig and Jagadheesha for an office property located at No. 906-A-48-5, 1st floor, 6th main road Vijaynagar Bengaluru-560040. The key terms are: 1) The property is rented from July 7, 2020 for 24 months, which can be extended by mutual consent. 2) Dr. Akbar Baig will pay Rs. 18,000 per month in rent by the 1st of every month. 3) The rent will increase by 15% every 3 years or as mutually agreed by the parties.

Uploaded by

Harish Agarwal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd

RENTAL AGREEMENT

This agreement of rent is made and executed at Bangalore, on this 07 ST JULY


2020 between: -
[Link] Baig S/o Late Abdul Rahim Baig No.65,Manvarthipet Bangalore
560053
(Herein after called the Tenant)
AND

1
-2-
-2-

SRI. JAGADHEESHA Residing at No. 906-A-48-5, 1st floor,6th main road


vijaynagar Bengaluru-560040
(Herein after called the Owner)

Both the tenant as well as the owner of the scheduled office premises has mutually
agreed to certain terms and conditions at which the property will be let out on rental
basis. The terms and conditions are: -

1) The scheduled property shall be let out on hire to the tenant from 07/07/2020

2) The agreement of rent is for the period of 24 months from 07 st day of July
2020, this agreement and this can be extended further in case both parties
mutually consent.

3) It is agreed by the tenant to pay a sum of Rs.18000/- per month as rent, and
shall paid by 01th of every month.

4) The tenant and the owner agreed that the rent should be increased by 15%
after each three years. The rent can also be increased in between any time by
mutual consent of both the parties.

5) It has been agreed that the tenant is paying the electricity and water charges
and cannot sub-let the premises to any other party without prior consent of the
owner.

6) The owner shall in all ways co-operate with the tenant and shall see that the
tenant has no problem what so ever.

7) Schedule of the Office is No.906/A.48-5 ,6th main road Vijaynagar


Bengaluru-560040

East by –Garage portion

West by – 906/C

North by – Portion of Building No 906/A 48-2

South by - Road

2
In witness where the tenant and the landlord have agreed to the above terms and
conditions and have signed this agreement on the above said date, month and year.

WITNESSES:-

1.

Owner(JAGADHEESHA)

2.

Tenant([Link] Baig)

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