If a tenant causes problems or doesn`t pay the rent, the landlord can kick them out of the property with an eviction notice. To promote rental housing in India, the government has formulated a draft directive, the Model Tenancy Act, 2020, to make the transaction beneficial for both landlords and tenants. The provisions established under this model policy should be the guiding principles for the preparation of a lease agreement. According to the union`s housing minister, the policy, which will likely soon replace existing rental housing laws across India, will unleash a crore unit in India`s rental housing markets. This lease agreement was entered into on Tuesday, January 22, 2019 between Jane Smith (owner) and John Doe (tenant).I. The lessor agrees to rent the house to the tenant under these conditions in its current stateLawnish: ABC 123Stadt: JacksonvilleStaat / Province: FLPostal / Zip code: 123456Land: United StatesThe tenant acknowledges the terms of this agreement and complies with them. The home rental contract will begin on Monday, January 21, 2019 and will end on Tuesday, January 21, 2020. Subsequently, an extension agreement for the new duration will be established. III. MONTHLY RENTThe monthly rent is $7,500.00 per month. Payment is made by cheque. The monthly rent is collected by John Doe every 15th of the month.
If the tenant has not paid within five (5) days of the due date, a late fee of $500.00 will be charged.IV. The tenants agree to pay a deposit of $ 2500. The deposit is refunded to the lessor at the exit of the residence, at the end of this contract and at the return of the key.