HOUSE RENT AGREEMENT

THIS DEED OF AGREEMENT is made on this the 22nd day of February,2008

BETWEEN
Smt Rakhi Nayak aged 30 yrs ,w/o- Pradip ku. Nayak of Paduapada p.s- Town, Dist Balasore. here in often called as 1st party/lessor/ landi
AND
Sri Rajesh Swain, S/O Sri Nalini Kanta Swain, Green Villa, Congress Office lane, Balasore,
PIN 756 003, aged about 27 yrs, as the

Secretary of Swami Vivekananda College of

Management , located at Central School Square, Balasore, PIN 756 003, here in after called as
the Tenant/2nd Party.
WHEREAS the 1st party is the absolute owner

of the house located at Central

School Square, Bhoi Sahi, Balasore, wants to let out the said house to the 2 nd party for the
period of two years on a monthly rent basis for the purpose of Gents hostel of 2 nd partys ands
both the parties agree the following terms conditions.
TERMS AND CONDITIONS
1. The 2nd Party shall pay a monthly rent of Rs.6.500 (six thousand five hundred rupees) and
the same should be paid in the 1st week of every month on proper receipt.
2. That the 2nd party should use the House only for Gents hostel of the college and maximum 15
boarders can be accommodated in the hostel.
3. That the 2nd party shall pay an advance of Rs.13, 000 to the 1 st party as a token of security
which shall be returned to the 2nd party without interest after expiry of the lease period.
4. That, since the house is located in the residential zone of the locality, the 2 nd party shall
maintain peace and tranquility and shall not do any act which shall create disturbances
others in the locality.
5. That, the 1st party shall provide electric connection, water supply

to

to the said house and the

2nd party shall pay the Electric and water charges as per consumption and shall hand over the
payment receipt to the 1st party.
6. The second party shall not cause any damage or disfigure to the floor, wall of the house and
if found the same 2nd party shall repair the damaged portion and in case of failure in the part

of the 2nd party the Ist party shall repair the same and deduct the cost of repairs from the
security money.
7. That, the 2nd party shall maintain the house in good condition.
8. But ,if the 2nd party fails to pay the rent in time, the 2nd party can sue the 1st party under notice
for getting back the possession of the said house.
9. But , the 1st party shall have the right to vaccate the house any time by giving a three months
written notice to the 2nd party and also if the 2nd party wants to vacate the house, he can do so
by giving three months notice to the 1st party.
10. But, at the time of vaccating the house the 2 nd party shall hand over the house to the landlord
(1st party) in original condition and shall compensate for any damage to the house.
11. Save as aforesaid, the rights and obligations between the parties shall be governed by the
law relating statutory tenancy in force for the time being.
WITNESSES

SIGNED BY THE 1ST PARTY

SIGNED BY THE 1ST PARTY