Why This Form Is Important

• It creates the tenancy on paper: the agreement names the Lessor and the Lessee with their relation to a father or husband and their addresses, and identifies the premises let out by property number, floor, street, area, state and pin code.
• It fixes the money terms: the Lessee pays a stated monthly rent in advance on the 5th of each English calendar month, and an interest free security deposit that is adjustable in the rent.
• It defines the term and renewal: the lease runs for 11 or 12 months between stated start and end dates, and can be extended by mutual consent with a 10% increase in rent.
• It limits how the premises are used: the use is stated as residential or commercial, and subletting is not allowed without the Lessor's prior written permission.
• It divides responsibility: the Lessee pays electricity, house tax and water bills as per the meter reading and handles minor repairs, while the Lessor handles major repairs at his or her own cost.
• It sets out how the tenancy can end: either side can terminate on one month's written notice, non-payment of rent in time cancels the lease, and the Lessee must hand back vacant possession peacefully in neat and clean condition.
• It names the forum for disputes: any dispute goes to the courts of Delhi.
• It is executed before witnesses: the Lessor, the Lessee and two witnesses sign. Note: that a signed written agreement helps prove the tenancy to third parties is general knowledge, not something stated in the form or sourced from an official policy document supplied here.