Lease Agreement Template

LEASE AGREEMENT

This Lease Agreement ("Agreement") is made and entered into as of the ___ day of _____, 20 by and between:

1. Landlord:
Name: ________________________________
Address: _____________________________
Phone: _______________________________
Email: _______________________________

2. Tenant:
Name: ________________________________
Address: _____________________________
Phone: _______________________________
Email: _______________________________

RECITALS:
The Landlord is the owner of the property described below, and the Tenant wishes to lease this property on the terms and conditions outlined in this Agreement.

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1. Property Description

The property to be leased is located at:
Address: _______________________________________________________________
City: ___________________ State: ___________ Zip Code: _______________
(Hereinafter referred to as the "Premises").

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2. Lease Term

This lease shall commence on ________ (start date) and terminate on ________ (end date), unless terminated earlier per the provisions of this Agreement.

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3. Rent Payment

• Monthly Rent: ₹____________
• Payment Due Date: On or before the ___ day of each month.
• Mode of Payment: [Online Transfer/Check/Cash].

Late Fee: If payment is delayed beyond ___ days from the due date, the Tenant shall pay a late fee of ₹______.

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4. Security Deposit

• Amount: ₹____________
• Purpose: To cover damages beyond normal wear and tear or unpaid rent.
• Refund Terms: The deposit shall be refunded within ___ days after the termination of this Agreement, less any deductions.

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5. Utilities and Maintenance

• Utilities: The [Landlord/Tenant] will be responsible for utilities including electricity, water, gas, and internet.
• Maintenance:
  • The Tenant shall maintain the property in good condition.
  • Repairs exceeding ₹_____ shall be handled by the Landlord unless caused by the Tenant's negligence.

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6. Use of Premises

• The Premises shall be used exclusively for residential purposes.
• Subletting is [allowed/not allowed] without the Landlord's prior written consent.

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7. Termination and Renewal

• Termination: Either party may terminate this Agreement by providing ___ days' written notice.
• Renewal: This lease may be renewed for an additional term upon mutual agreement.

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8. Landlord's Entry Rights

The Landlord may enter the Premises for inspection, repairs, or emergencies with prior notice of ___ hours/days, except in emergencies.

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9. Default

If the Tenant fails to pay rent or violates any terms of this Agreement, the Landlord may terminate this lease by providing written notice as per applicable laws.

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10. Governing Law

This Agreement shall be governed by the laws of the State of ______________.

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11. Entire Agreement

This Agreement constitutes the entire understanding between the Landlord and the Tenant. Any amendments must be made in writing and signed by both parties.

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IN WITNESS WHEREOF, the parties have executed this Lease Agreement as of the date first written above.

Landlord Signature: ________________________
Date: __________

Tenant Signature: _________________________
Date: __________

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