Residential Leave and Licence Agreement

Topics: License, Renting, Electric charge Pages: 7 (1932 words) Published: August 13, 2011
This leave and licence agreement is made at on 30jan 2011 by and between hereinafter referred
to as “LICENSOR”) which expression shall unless it is repugnant to the context be deemed to include its successors and assigns of THE ONE PART. AND
Mr. aged ,having permanent address WHEREAS THE LICENSOR is the sole and absolute owner of the residential premises at flat.and after mutual negotiations the licensor’s has agreed for the use of said premises on leavea and licensee basis on following terms & conditions. NOW IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES HERETO AS FOLLOW: 1. After the mutual consent, both the licensor & licensee hereby renew this leave & license agreement for further 11months 10% increase in rent. 2. The Licensor’s do hereby confirm will give to the Licensee and the licensee do hereby conform will take over the said premises from 1st day of April 2011 completely with rent payable with effect from the same day. 3. The said leave and license agreement will come into force from 01.04.2011 And shall be in force for a period of 11 months from the date of commencement. The said premises shall be used only for residential purpose, for the licensee. 4.The licensee agree to pay the licensor a sum of Rs.4500/-(four thousand five hundred) in advance as monthly compensation for the said premises which will be inclusive of maintenance charges and property Tax if any, on or before 5th day of every month.

5.The LICENSEE shall deposit with the LICENSOR an amount of Rs.45,000/- (Rupees Fourty five thousand only) as security deposit. The security deposit may kindly paid to The same shall not carry any interest and shall be refunded to the LICENSEE at the time of Termination of the lease, whether by afflux of time or otherwise after deducting all amounts due from the LICENSEE to the LICENSOR at that time. In the EVENT of non-refund of the security Deposit the LICENSEE shall continue to occupy the premises on a non-rental basis until the outstanding amount due to the LICENSEE is fully paid up. Any delay in refunding the security deposit will carry as interest @18% per annum, commencing from the date of termination of the said premises. 6. The stamp duty & registration charges at actual for the said Leave and Licence agreement shall be borne and payable by both parties in equal proportion. 7.The Licensee agree to upkeep and maintain the interior of the said premises in reasonably good repair order and condition (Wear and tear and loss of damage by fire, flood, earthquake, tempest, violence of any army or mob, act of god or any other irresistible force or accident except) 8. That, the Licensee shall be withholding income tax at the applicable rate and depositing the same with the relevant treasury and issue the TDS certificate in the name of the owner in case if applicable. 9. It is agreed by the parties between the parties the Licensee shall give have no right of tenancy, sub-tenancy & / or any right title and interest in the said premises or shall not sublet, re-let or underlet the said flat or any portion thereof. 10.The licensee agrees not to make any structural or other changes to the said premises, fixture and fitting without the prior written approval of the Licensor’s/ society. Also licensee cannot approach society directly for any major/ minor work to be carried out in flat as per rules & regulations of the society.

11. That the day-to-day and minor repairs such as fuses, leakage of water taps etc. to be done by the licensee at his own cost. The Licensee further hereby agrees and confirms that in case of any breakage damage loss to existing fitting/fixture in the said flat, he shall make good these articles as may be mutually decided by parties hereto. 12. The Licensee aggress to permit the Licensor’s or their agent to enter in the said premises...
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