Tenancy Agreement

 

TENANCY AGREEMENT

THIS TENANCY AGREEMENT is entered at Karachi this 13^th day of July _______.

By and Between

Mr. ________________________, Muslim, Adult Holding CNIC No. ______________________, Resident of House No. __________________, Karachi (hereinafter referred to as the Land Lord of the of the one part)

And

Mr. _______________ S/o. _______________, Muslim, Adult  Holding CNIC #. _______________, Resident of Flat No. _______________, Karachi (hereinafter referred to as the Tenant of the other part)

WHEREAS

a)     The above mentioned landlord is the absolute owner of piece and parcel of land bearing Shop No. ____, Ground Floor, _____, Karachi.

b)    The Tenant has approached the landlord with a request to allow the tenant to occupy and use the said Shop for carrying in his Foot wear/Shoe Business, on leave and license on tenancy basis for the period of 11 months.

c)     The landlord has agreed to grant leave and license on tenancy basis to the tenant to occupy and use the said Shop on the following term and conditions agreed to between the parties hereto:

NOW IT IS AGREED BY AND BETWEEN THE PARTIES HERE TO AS FOLLOWS:

1.      The landlord hereby grants leave and license on tenancy basis to the tenant occupy and use the said shop for a period of eleven month commencing from 13^th day of July ______.

2.      The tenant has paid/deposited a sum of Rs. ____,000/- (______Thousand only) as surety/deposit/advance of the said shop.

3.      That the rent of the said shop shall be a sum of Rs. ___,000/- (_____ Thousand only) per month, excluding Electricity, telephone, maintenance charges and rent will be increase 10% after every renewal of this agreement.

4.      That the second party shall use the said premises exclusively for Foot wear/Shoe Business and will not store any hazardous article, which may exclusive.

5.      That the fixed deposit shall be refund to the tenant at the time of handing over vacant possession of the said shop by deduction dues or arrears if any on account of wear and tear or any damage of loss to said shop.

6.      That the Electricity, telephone, maintenance charges shall be paid regularly by the tenant every month without fail and paid vouchers will be produce to the landlord.

7.      That the tenant shall not sub-let the said shop thereof to anybody else under any circumstances.

8.      That the tenant shall not make any kind of addition, alteration or change in present structure of the shop.

9.      That the tenant shall remain valid for the period of 11 months commencing from 13-07-2012 and expiring on 13-06-2013 or unless it is dissolved.

10. That this is subject to renewal with consent of both parties of not the tenant shall have to vacate and handover possession of the said shop to the landlord.

11.    That both the parties shall give one month period in written notice to get the said shop vacate.

12. That if the tenant fails to pay the monthly rent for consecutive period of two months the landlord shall entitled to eject the tenant by serving a period notice of one month on the tenant.

13. That the tenant shall pay monthly rent by the 15^th day of every English calendar month positively.

In witnesses whereof both the parties have here up the set and subscribed their respective hands to this agreement at Karachi on the day, moth and year above mentioned.

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LANDLORD                                                            TENANT

Witnesses:

Signature______________________     Signature__________________

Name:    ______________________    Name:____________________

CNIC:    ______________________    CNIC:____________________

Address: ______________________    Address:__________________

              ______________________                 ___________________