Office Rental/Lease agreement – Terms & Conditions – Draft/Format/Template

This lease or rent deed made herein <<Address>> on the <<Date>> between <<First party name/Owner>>, <<Address>> (hereinafter referred to as “the Lessor) (Which expression shall unless repugnant to the context thereof, mean and include its successors and permitted assigns) of the one part;


<<Second party>>, having its registered office at <<Address>>, through its authorized representative, <<Representative Name>> (hereinafter referred to as “the Lessee”)(Which expression shall, unless repugnant to the context thereof, mean and include its successors and permitted assigns) of the other part.

WHEREAS the Lessor is the absolute owner of the <<Complete details about the premise>>, hereinafter referred to “as the said premises.”

AND WHEREAS the Lessor had agreed to lease or rent the above said premises to the lessee, and the Lessee had agreed to take on rent from the Lessor of the said premises for purpose of operating office on the terms and conditions set out hereafter.

Now This lease or rent deed witness As Under:

That the Lessor will acknowledge the receipt of an amount <<Rent ammount>> (in words) via Bank transfer on <<Date>>, which included the security deposit (Amount) and first month (Month/year) rent (Amount).

That the lessee shall pay to the Lessor in respect of the said premises a monthly rent of Rs <<Amount>> (in wrods) in advance on or before 10th of each English calendar month. The electricity charges shall be payable by the Lessee separately to the Lessor as per the consumption available from the meter installed.

That the Lessee shall not lease the property to a subtenant under any circumstances without the consent of the Lessor/owner/landlord.

That the Lessee shall follow all the rules and regulations, by-laws set by the local authorities in respect of the leased property and will not get involved or do illegal activities in the leased property.

That this lease or agreement is granted for a period of eleven (11) months with effect from 1st August 2020 to 31st July 2020 and this contract can be extended further with the mutual consent of both the parties as per the current rental value in the market.

That the Lessee shall not be permitted to do a construction in the rented premises. Besides, he/she could do the installation of temporary decoration, wooden partition/cabin, air conditioners etc. without seeking the permission of the landlord.

That the Lessee is not allowed to make any alteration in the rented property without the written consent of the owner.

That the Lessee will have to allow the landlord or his authorized agent to enter in to rented premises for its inspection or general checking for any repair work, if needed at any reasonable time.

That the Lessee shall keep the premises clean and shall not involve in any activity that causes problems to neighbours.

That this contract/agreement could be revoked before the expiry of this tenancy period by serving one month prior notice.

That the Lessee shall not involve in illegal activities and will not keep any offensive, dangerous or explosive articles in the premises.

That the Lessee shall pay one month rent in advance to the landlord that would be further returned or adjusted (against any lossess done by Tenant/Lessee of the said premises) when Lessee will leave the said premises.

That both the Lessor and the lessee hereby agree that in case of any dispute the same is subject to Bokaro Steel City (Jharkhand) jurisdiction only.

That both the parties, landlord and the tenant, have read and understood this agreement and have agreed to sign the same without any pressure from any side.

In WITNESS WHEREOF the lessor/owner and the tenant/lessee have hereunto subscribed their hand at _ (place) on this the ______ (date of rent agreement) year first above mentioned in presence of the following witnesses.