Draft of Commercial Rent Agreement in Lucknow. Shop Rent Agreement Lucknow
RENT AGREEMENT
This RENTAL AGREEMENT is executed in Lucknow on this _th of April, 2025 by and between:
(***********) S/o ****** R/o ************ Lucknow 2260__ (hereinafter jointly and severally called the “OWNER”, which expression shall include their heirs, legal representatives, successors and assigns) of the ONE PART:
AND
M/s Purest Organic through its proprietor **********, S/o Late *******, having a permanent address *****************r, Lucknow-226028. (hereinafter called the “TENANT”, which expression shall include its legal representatives, successors and assigns) of the OTHER PART.
WHEREAS the Owner is the absolute owner of the property situated at *****************, as detailed in Annexure-I, hereinafter referred to as "Demised Premises".
WHEREAS the Owner has offered the tenant shop on Rent with respect to the Schedule
Premises and the Tenant has agreed to accept the shop on, on the following terms and conditions:
NOW THIS DEED WITNESSETH AS FOLLOWS:
1. The rent in respect of the “Demised Premises” shall commence from 01-April-2025) and shall be valid till (28-Fevruary-2026). Thereafter, the same may be extended further on mutual consent of both the parties.
2. That the Tenant shall pay to the Owner a monthly rent of Rs. 1,500/- (One Thousand Five Hundred Only), excluding electricity and water bill. The rent shall be paid on or before 1st day of each month without fail.
3. That during the Rent period, in addition to the rental amount payable to the Owner, the Tenant shall pay for the use of electricity as per bills received from the authorities.
4. The Tenant will pay to the Owner (if any) cost towards damages caused by the negligence of the Tenant or the person he is responsible for, normal wear & tear and damages due to act of god exempted.
5. That the Tenant shall not sublet, assign or part with the demised premises in whole or part thereof to any person in any circumstances whatsoever and the same shall be used for the bonafide commercial/production purposes only.
6. That the day-to-day minor repairs will be the responsibility for the Tenant at their own
expense. However, any structural or major repairs, if required, shall be carried out by the
Owner.
7. That the Owner permits the Tenant to establish structure for Oil Expeller Machine on the Ground. Apart from this no structural additions or alterations shall be made by the Tenant in the premises without the prior written consent of the Owner. Also, The Tenant can install electrical gadgets and make such changes for the purposes as may be necessary, at his own cost. On termination of the tenancy or earlier, the Tenant will be entitled to remove such equipment and restore the changes made, if any, to the original state.
8. That the Owner shall hold the right to visit in person or through his authorized agent(s),
servants, workmen etc., to enter upon the demised premises for inspection or to carry out repairs / construction, as and when required.
9. That the Tenant shall comply with all the rules and regulations of the local authority
applicable to the demised premises. The premises will be used only for commercial/production purposes by its employees, families and guests.
10. That the Owner shall pay for all taxes/cesses levied on the premises by the local or
government authorities in the way of property tax for the premises and so on. Further, any other payment in the nature of subscription or periodical fee to the welfare association shall be paid by the Owner.
11. That the Owner will keep the Tenant free and harmless from any claims, proceedings,
demands, or actions by others with respect to quiet possession of the premises.
12. That this Rent Agreement can be terminated before the expiry of this tenancy period by
serving One month prior notice in writing by either party.
13. The Tenant shall maintain the Demised Premises in good and tenable condition and all the minor repairs such as leakage in the sanitary fittings, water taps and electrical usage etc. shall be carried out by the Tenant. That it shall be the responsibility of the Tenant to hand over the vacant and peaceful possession of the demised premises on expiry of the Rent period, or on its early
termination, as stated hereinabove in the same condition subject to natural wear and tear.
14. That in case, where the Premises are not vacated by the Tenant, at the termination of the Rent period, the Tenant will pay damages calculated at 10% more than the rent for any period of occupation commencing from the expiry of the Rent period. The payment of damages as aforesaid will not preclude the Owner from initiating legal proceedings against the Tenant for recovering possession of premises or for any other purpose.
15. That both the parties shall observe and adhere to the terms and conditions contained
hereinabove.
16. That the Tenant and Owners represent and warrant that they are fully empowered and
competent to make this Rent. That both the parties have read over and understood all the contents of this agreement and have signed the same without any force or pressure from any side.
17. In case of any dispute to this agreement and the clauses herein, the same will be settled in the jurisdiction of the Lucknow civil courts.
18. That the Rent Agreement will be registered in front of the Registrar and the charges towards stamp duty, court fee & lawyer/coordinator will be equally borne by the Tenant.
ANNEXURE-I
The Property at ****** Market, ********, ********, Lucknow 2260__, consisting of one shop in basement (extreme right corner while viewing form front).
IN WITNESS WHEREOF BOTH PARTIES AGREES AND SIGNS THIS AGREEMENT
ON THIS 9th DAY of APRIL 2025.
WITNESSES:
1. 2.
(Signature of the Witness) (Signature of the Witness)
(Name of the Witness) (Name of the Witness)
(Address of the Witness) (Address of the Witness)
(Signature of the Owner) (Signature of the Tenant)
************** */********
(Name of the Owner) (Name of Proprietor representing M/s Purest Organic)
OWNER TENANT
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