Rent agreement format in Pakistan
RENT
AGREEMENT OF HOUSE
This rent
agreement of is being executed on 20th day of May,
2019 between Zahid Iqbal son of Shahid Iqbal R/O House No. 1, Street No. 2,
Mohallah Shah Chan Chiragh, Rawalpindi (hereinafter called
as LANDLORD-FIRST PARTY)
AND
Farhan
Khan son of Zafran Khan R/O House No. 50, Gali No. 53, Sector
I-10/1, Islamabad (hereinafter called the TENANT-SECOND
PARTY)
WHEREAS,
the said first party is the absolute owner in possession of House No.
3, Street No. 50, Mohallah Amarpura, Rawalpindi and has agreed to let out the
said House on monthly rent basis to the Tenant and Tenant has agreed on the
same, with the following terms and conditions.
That the rent of
the above-stated House has been fixed as Rs. 25,000/-(Rupees Twenty Five Thousand
only) per month which will always be paid in advance within
20-25th day of every month, against a receipt in writing of a
receipt thereof. Also a refundable Security Deposit of Rs. 40,000/— (Rupees
Forty 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 eleven months i.e from 20th May,
2019 to 20th April, 2020 .
That one month’s notice from either
party for the vacation of the said House is mandatory, e.g. 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
5. That the
Second Party will not sub-let the House wholly or partially.
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.
8. 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.
9. That the First Party or his agent(s) shall have
the right at all reasonable times during the term of this Rent Agreement and
any renewal of this Lease Agreement to enter the said House for the purpose of
inspecting the premises and / or making any repairs to the premises or other
item as required under this Rent Agreement.
10. That breach of any of the above terms
and conditions will tend to vacation of the House by the Second Party without
serving any kind of notice.
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 ________
Zahid
Iqbal Farhan
Khan
CNIC No.
37405-0000000-0 CNIC
No. 37405-0000000-0
Witness-1 ____________ Witness-2____________
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