TENANCY RENT AGREEMENT
This rent agreement is signed at Islamabad , on this day of 4th Day of January 2022.
BETWEEN
Aamir Touseef S/o Muhamammad Azhar bearing CNIC 56503-4855621-9, R/o House no Sd 22, Rafiqui Road, Chaklala Garrison, Rawalpindi.
Hereinafter known as the “landlord” of the one part.
Hamood Ur Rehman Ali S/o Saleem ur Rehman bearing CNIC 14301-7758457-1, R/o House no T/75, Mohalla Sikandar khan Shaheed, Kohat
Hereinafter known as the ‘tenant’ of the other part.
Whereas the landlord confirms that he is legally competent to rent out one portion 1st floor of House 1-A, Street 14-B, Abbasi Road, Bani gala
with necessary electrical fittings and fixtures therein. The landlord has agreed to rent and the other party has agreed to accept the rent of said
property.
NOW, THEREFORE, THIS AGREEMENT IS WITNESSETH AS UNDER:-
1. That the payment due each month for the property will be Rs. 21000.
2. That the duration for the contract shall be Eleven (12) months. The agreement shall initiate from 1st January 2023 and expire on 31th
December 2023.
3. That the property will not be sublet and will not be used for illegal activities or any other reason but ‘Residential” use only.
4. That the Landlord has received from the tenant a sum of Rs. Nil being the NIL month’s advance rent and Rs.
__________________________ being the _________ month’s Security Fixed Deposit.
5. That the Tenant will submit the monthly due rent to the homeowner/Landlord on or before the 10th of every calendar month till the
expiry of the rent agreement in Bank Account 12440100495035, Meezan Bank. Title of Account Aamir Touseef.
6. That the tenant will submit the due rent regularly for the tenancy period and shall be responsible for paying water, electricity,
maintenance, and other bills. The photocopy of these bills shall be submitted to the landlord in due time.
7. That the Tenant will allow the landlord or their authorised person to visit the property to view the condition at a 24-hours prior
notification.
8. That either party shall provide a four (04) week written notice to the other for the termination of the rental contract.
9. That on the expiration of the contract duration of twelve months, this rental agreement can be extended/renewed by a consensual
agreement from both sides for any further period; otherwise, after twelve months, the Tenant will give the vacant possession of the said
property.
10. That both parties involved in the agreement have decided to increase 10 % rent every year.
11. Both the parties have finalised the contract by themselves after satisfaction and inspection of premises, including title documents and
legal right of the landlord to rent as well as status and credentials of each other.
In witness whereof, the parties named above have ascribed their hands hereto legitimise this agreement at Islamabad and the date mentioned
above.
Owner: _________________ Tenant: _________________
WITNESSES:
