Simple format of Rent agreement between father and son for commercial property #pdf
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Rent Agreement This Rent Agreement is made on this day of __________ between ___________________ son of _____________ resident of ________ (hereinafter called the landlord/Lessor of one part) and __________ (______________________________________________________________ resident of ___________ (hereinafter called the Tenant/Lessee of the other part) is interested to let out the part of property situated at ________________________________________________________________ to the second party on monthly rental basis on the request of the second party and the terms & conditions of which are as under:- NOW THIS AGREEMENT WITNESSETH AS UNDER: – 1- That the rate of the rent of the said premises is settled at Rs. 1000/- (Rupees One thousand rupees only) per month to be paid by the second party to the first party on 7th day of each English Calendar month in advance. 2- That the tenancy has already been commence w.e.f. 01/02/2016 and shall be for a period of 11 months i.e. upto 31/12/2016. 3- That the period of the tenancy may be extended for its further period only on the option of the party of the first part. 4- That the second party shall abide by all the rules and regulations of the local authority. 5- That the second party shall use the rented premises only for business purpose. 6- That the second party shall not sublet, part with possession assigned the same to any person in any manner. 7- That the second party shall not make any constructions as in the rented premises without the written consent of the first party. 8- That the terms & conditions of this Agreement as stated above shall be binding on the both parties. The terms and conditions of this agreement are final and are irrevocable. IN WITNESSES WHEREOF, the parties have signed this agreement on the date, month and year first above written in the present of following witnesses: Witnesses: 1.________________ Lessor: 2.________________ Lessee:

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