Tenancy Agreement Sample India

Tenant rights and obligations are governed by a tenancy agreement in India. A tenancy agreement is a legally binding document that specifies the terms and conditions of a rental arrangement between a landlord and a tenant. This agreement helps to protect the interests of both parties and reduces the chances of any future disputes. Therefore, it is imperative to have a well-drafted and comprehensive tenancy agreement in place.

If you are a landlord or tenant planning to enter into a rental arrangement in India, it is essential to have a tenancy agreement that covers all the necessary aspects. Here is a sample tenancy agreement that can be customized to meet your specific requirements.

Sample Tenancy Agreement:

This agreement is made on [date] between [Landlord’s Name], hereinafter referred to as the “Landlord,” and [Tenant’s Name], hereinafter referred to as the “Tenant.”

1. Property Description

The Landlord agrees to lease the property located at [property address] to the Tenant for a period of [duration of the lease] commencing from [lease start date] and terminating on [lease end date].

2. Rent and Security Deposit

The Tenant agrees to pay a monthly rent of [rent amount] to the Landlord, due on the [due date] of every month. The Tenant shall also pay a security deposit of [security deposit amount] to the Landlord, which shall be refunded to the Tenant upon the termination of this agreement.

3. Use of Property

The Tenant shall use the property only for residential purposes and shall not sublet or assign the property to any third party without the prior written consent of the Landlord.

4. Maintenance and Repairs

The Tenant shall maintain the property in good condition and shall be responsible for any minor repairs and maintenance. The Landlord shall be responsible for any major repairs and maintenance.

5. Utilities

The Tenant shall pay all the utilities such as electricity, water, and gas bills, unless otherwise agreed upon in writing by the Landlord.

6. Termination

Either party may terminate this agreement by giving a written notice of [notice period] days to the other party. Upon the termination of this agreement, the Tenant shall vacate the premises and return the keys to the Landlord.

7. Governing Law

This agreement shall be governed by and construed in accordance with the laws of India.

8. Dispute Resolution

Any disputes arising out of or in connection with this agreement shall be resolved through arbitration in accordance with the provisions of the Arbitration and Conciliation Act, 1996.

In conclusion, a tenancy agreement is an essential document that helps landlords and tenants in India to protect their interests and reduce the chances of any future disputes. It is always advisable to have a comprehensive and well-drafted tenancy agreement in place before entering into a rental arrangement. The above sample tenancy agreement can be customized to suit the specific requirements of both parties and can serve as a useful starting point for drafting a tenancy agreement.