RESIDENTIAL LEASE AGREEMENT DRAFT Lease No: RLA-2026-001 Date: June 1 2026 LANDLORD: Raj Properties Mumbai Maharashtra India TENANT: Priya Sharma Mumbai Maharashtra India 1. RECITALS 1.1 Raj Properties is the lawful owner of a residential property in Andheri West Mumbai Maharashtra India. 1.2 Priya Sharma is an individual seeking to lease a furnished 2BHK flat for residential purposes. 1.3 Landlord agrees to lease the property to Tenant on the terms set out in this Residential Lease Agreement. 1.4 Both parties confirm mutual intent to be fully bound by the terms herein. 2. DEFINITIONS 2.1 Landlord: Raj Properties. 2.2 Tenant: Priya Sharma. 2.3 Premises: Furnished 2BHK flat 800sqft located in Andheri West Mumbai India. 2.4 Lease Term: June 1 2026 to May 31 2027. 2.5 Rent: INR 35,000 per month. 2.6 Security Deposit: INR 105,000 held by Landlord for duration of lease term. 2.7 Late Fee: Penalty applied after grace period expires for overdue rent payments. 2.8 Permitted Use: Exclusive residential dwelling use only by named Tenant. 2.9 Habitable Condition: Property meets all applicable health and safety standards. 2.10 Effective Date: June 1 2026. 3. LEASE OF PREMISES 3.1 Landlord leases to Tenant the furnished 2BHK flat of 800 square feet located in Andheri West Mumbai Maharashtra India. 3.2 Lease includes all existing furnishings, kitchen appliances, and fixtures as documented in the move-in inspection. 3.3 Tenant agrees to rent exclusively for residential use on the terms herein. 4. LEASE TERM 4.1 Start Date: June 1 2026. 4.2 End Date: May 31 2027. 4.3 If neither party provides notice the lease converts to month-to-month at INR 35,000 per month automatically. 4.4 Either party may end month-to-month tenancy with 30 days written notice. 5. MONTHLY RENT 5.1 Monthly Rent: INR 35,000. 5.2 Due: 1st of every month without fail. 5.3 Payment via NEFT, RTGS, or UPI only. 5.4 Rent must be received in full by due date. Partial payments do not suspend any rights of the Landlord. 6. GRACE PERIOD AND LATE FEES 6.1 Grace period: 5 days after rent due date. 6.2 Late fee: INR 500 per day after grace period expires on overdue amount. 6.3 Landlord notifies Tenant by email of any overdue payment formally. 7. SECURITY DEPOSIT 7.1 Security Deposit: INR 105,000 (3 months rent) due before move-in date. 7.2 Held by Landlord in separate account. 7.3 Deductions permitted for unpaid rent, damage beyond normal wear and tear. 7.4 Remaining deposit returned within 30 days of vacating with itemized account. 8. PET POLICY 8.1 No pets of any kind permitted on the premises under any circumstances. 8.2 Violation constitutes a material breach of this Residential Lease Agreement. 9. SMOKING POLICY 9.1 Smoking of any substance is strictly prohibited inside the premises and in all common areas of the building. 9.2 Violation constitutes a material breach and may result in security deposit deductions for remediation costs. 10. MAINTENANCE AND REPAIRS 10.1 Landlord maintains premises in habitable condition and responds to essential repairs within 7 days of written notice. 10.2 Tenant maintains clean condition and reports all maintenance issues in writing promptly without delay. 11. LANDLORD RIGHT OF ENTRY 11.1 Landlord provides 24 hours written notice before entering for inspections, repairs, or showings. 11.2 Emergency entry permitted without notice. Tenant notified immediately after any emergency entry occurs. 12. EARLY TERMINATION BY TENANT 12.1 Tenant provides 2 months written notice for early termination of this lease. 12.2 Early termination fee equal to 2 months rent applies upon early exit. 13. DISPUTE RESOLUTION 13.1 All disputes resolved via Arbitration in Mumbai Maharashtra India. 14. GOVERNING LAW 14.1 Laws of Maharashtra India apply to this lease agreement exclusively. SIGNATURE BLOCK: Landlord: Raj Properties Signature: ________________ Name: ____________________ Capacity: ________________ Date: ____________________ Tenant: Priya Sharma Signature: ________________ Name: ____________________ Date: ____________________ DISCLAIMER: This Residential Lease Agreement was generated by an AI drafting tool for reference and preparation purposes only. It does not constitute legal advice. Residential tenancy laws vary significantly by jurisdiction. Always have this reviewed by a qualified real estate attorney before signing or presenting it to any tenant or landlord.