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Rent Agreement of House 2

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18 views1 page

Rent Agreement of House 2

Uploaded by

malikishaq7692
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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RENT AGREEMENT OF HOUSE (Double Story)

This rent agreement of is being executed on 30th day of August, 2023 between Muhammad Ramzan S/O Saee Muhammad, R/O
Street No.16,Block-Q ,Zahoor hayat Colony Bhalwal. (here in after called as LANDLORD-FIRST PARTY)

AND

Zafar Abbas S/O Muhammad Siddique R/O Dhori,Bhalwal (here In after called the TENANT-SECOND PARTY)

WHEREAS, the said first party is the absolute owner in possession of House No. 32-A, Street No. 03, Defence Town, Bhalwal,
and has agreed to let out the said House (double Story) on monthly rent basis to the Tenant and Tenant has agreed on the same,
with the following terms and conditions.

1. That the rent of the above-stated House(double Story) has been fixed as Rs. 150,000/-(Rupees One Hundred and Fifty
Thousand only) per month which will always be paid in advance within first week of every month.

Also a refundable Security Deposit of Rs. 300,000/ (Rupees Three Hundred thousand only) has been paid from the Second Party
to first party which is refundable at the time of vacation of the said House by the Second Party adjusting therewith unpaid utility
bills, unpaid monthly rent, etc., if any.

2. That the tenancy period is for Two Years i.e; from 30th August, 2023 to 29th August, 2025 .

3. That one month’s notice from either party for the vacation of the said House is mandatory, i.e; if Second Party wishes to vacate
the said House and hand over to the First Party or the First Party wishes to get the said House vacated from the Second Party

4. That the Second Party is not allowed to make any sort of change in the structure of the House without the written prior
approval of the First Party. That the Second Party will utilize the House only and only for the residential purposes within
framework of the law and rule of the Islamic Republic of Pakistan any illegal activity, detected would tend to revocation of the
instant Rent Agreement and the House will be got vacated from Second Party without serving upon him any notice in writing.

6. That the possession of the House will physically be handed over to the First Party on the expiry of the instant agreement.

7. That the Second Party will hand over the possession of the House back to the First Party in the condition it was given to
him. He will be fully responsible for repair or replacement of any wear and tear in the House. That the Second Party will be
solely responsible for the payment of all sort of Utility Bills i.e. Electricity, Gas, etc., and give back the paid bills to the First
Party.

Now, therefore, this Tenancy Agreement has been drafted, read and understood by both the parties and signed before the presents
on the date, month and the year mentioned above.

Landlord-First party Second Party-Tenant

Muhammad Ramzan Zafar Abbas

CNIC No. 38401-0241410-7 CNIC No. 38401-4824294-1

Witness-1: Fida Hussain Witness-2:Ahmad Yar

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