Lease Breakage Receipt: Fill & Download for Free

Few are my observation and I will provide solutions with issues.1.Choosing wrong property management company:I suggest, never opt the service provider, who sub-lease your property because you may end up with poor returns and holding of your hefty security deposit by service provider. This will lead you to lose control of your own property. You may not know who stays in your property and conditions of property maintained.Never opt the service who have monthly recurring service cost. These companies not only have recurring monthly charge of around RS.1000. They also charge for maintenance, brokerage, statutory bills payment, cut on the monthly rent etc. When you pay charge on each and everything, why do you want to pay monthly service charge? Absolute cheat..2.Choosing wrong tenant :Now you can find suitable tenant through various property classifiers available in market. Most of the reputed classifier offers free listing like commonfloor.com, 99acres and Makaan etc..3. Not able to meet prospective tenant personally:Due to geographical constrain, you may not physically present to show your property to clients. I suggest you to seek the help of your family members, friends or colleagues in India. If you don't have any of these sources to help you. Seek the service provider like apartment maintenance officer, local brokers or property management service provider like us (www.pgnpropertymanagement.com)4. Not verifying tenant:Its importance to verify your tenant before renting your property. Geography is not a constrain to verify your tenant.You must get any of the government approved ID proof which contains passport size photo and permanent address in it. Id proof like aadhhar, driving licence and passport works. You must get company Id proof as well.Do some back ground check through internet via Facebook, LinkedIn and Twitter etc.Police verification is not mandatory at all the states of India, I request you to please contact your know source for this help or seek service provider. Police verification is not mandatory for the state of Karnataka (Bangalore)5.Not able to execute rental agreement:You may not geographical present in Indian state to execute rental agreement. I suggest you to pass on the draft agreement to your tenant by email, tell your tenant to execute agreement, sign and post the agreement to your address. If you don't want your tenant to execute the agreement. Please seek the service provider like us to execute agreement. We have specific service of agreement execution with lawyer notary, tenant sign and delivered at your place.6.Financial transaction though wrong source:I suggest you to deal all the financial transaction directly with your prospective tenant instead through property management service provider. Most of the property management service provider are sub leasing your property, where they will cut hefy % of rent and security deposit while transaction.Deal all the transaction with your prospective tenant through wire transfer.7. Not able to provide rental receipt :If your tenant demand rent receipt, please generate online rent receipt. Online rent receipt is valid.8.Not able to collect rent:Your tenant may fail to pay rent on time. This could be very tedious task for you to collect rent on time and disappointing to followup for every month.The basic part of rental is rent. If this is not paid on time, please terminate the tenancy. It's useless to retain such tenant. Such tenants are utterly waste and frustrating. Please reach us if you want a local guide to follow up on rental remittance to your bank account. We have the specific service of rental follow up.9.Not available for tenancy termination to assess property:Your tenant may terminate the tenancy at any point of time or very short time of notice period. It could be a concern for you to be in property to assess the damage, structural change, security deposit settlement,mending and renovation.I suggest you to co-ordinate to your know source of family members or friends to know actual assement of property during termination.We (www.pgnpropertymanagement.com) have specific service of tenancy termination. We inspect your property and assess the breakage and structural changes done by moving-out tenant. Reports are updated with snaps. We coordinate on security deposit settlement with moving-out tenant.10. Improper renovation:Property maintenance like painting, cleaning, pest control, plumbing, carpentry and electric are vital to maintenance property. Try to source local vendor to manage ataffordable cost. This cost are quite expensive through 3rd party service providers.We have in-house painter. We provide purchase bill for raw material purchase and labour cost for renovation work.11. Non payment of bills:Statutory bills like property tax, water bill, electricity bill, water bills and telephone bill could be paid online instead offline. You have option to leave this bills to tenant.Thank you.http://www.pgnpropertymanagement.com An end to end product management company in Bangalore.We never sub-lease your property and we don't have monthly recurring service charge. We charge only on task basis. Our price are very competitive and affordable in market.Reach us +91 - 9742479020 (also available on WhatsApp for instant communication)Email : [email protected]

You can get the following sample rental agreement typed out on a bond paper or get it notarised by a registrar. You will need your landlords signature too.RENTAL AGREEMENTThis agreement of tenancy is made and executed atBangaloreon this 1st day of April’2013Between:OwnerMr. XXXXXXXXDoor No:XXXXX,Street: XXXXXXX,Area: XXXXXXX,City and State:XXXXXXX PIN:Hereinafter referred to as the “LESSOR” (Owner) of the ONE PART:TenantMr. XXXXXXXXDoor No:XXXXX,Street: XXXXXXX,Area: XXXXXXX,City and State:XXXXXXX PIN:Hereinafter referred to as the “LESSEE” (Tenant) of the OTHER PART.Whereas the first party is the absolute owner of the House, consisting of one hall, one kitchen, one bedrooms and bathroom & with electricity and water facility situated at Door No:XXXXX, Street: XXXXXXX, Area: XXXXXXX, City and State:XXXXXXX and the owner has decided to let out the same to the said tenant under the following terms and conditions.Contd…..2:: 2 ::TERMS AND CONDITIONS:1) This rental agreement is for a period of 11 months with effect from1st April 20132) The LESSEE has paid a sum of Rs. 50,000/- (Rupees Fifty Thousand only) towards security deposit to the LESSOR. The security deposit shall not carry any interest and shall be refunded back to the LESSEE at the time of vacating the scheduled premises after deducting any arrears in rent, electricity bills, breakages, cleaning and painting charges.3) The LESSEE further agrees to pay a monthly rent of Rs. 7,500/- (Rupees Seven Thousand Five Hundred only). The rent for each month shall be paid on or before 5th of every month (after completion of the month)4) In case the LESSEE wants to vacate the premises before the period available to them, they should give one month notice, in writing, or one month rent in lieu of the notice period. The LESSOR also shall give one month notice to the LESSEE for terminating the Lease period.5) The LESSOR and LESSEE on mutual agreement can renew this LEASE for a further period of 11 month. In such event the LESSEE shall pay and enhance the rent by 10% upon renewal of this agreement.6) The LESSEE shall not have any right to claim deduction of rent from the security deposit amount. On the other hand the LESSEE shall keep paying the rent as agreed.7) If the LESSEE commits any default to pay the rent regularly on due dates or commit any default to observe or perform any of the terms here to agreed, the LESSOR hereby reserves the right to terminate the LEASE hereto granted and take over possession of the schedule premises.8) The LESSEE shall bear and pay the electricity consumed to the Karnataka Power Transmission Corporation Limited as per their monthly bill and pass on the copy of the bill along with the payment receipt to the LESSOR. Water charges will be in shared basis.9) The LESSEE agrees not to sub-let or under-let the schedule premises in whole or part to any third person/party.10) The LESSEE shall keep and maintain the schedule premises clean and in good condition if any damage shall be borne by the LESSEE11) At the time of vacating the schedule premises, half month rent will be deducted towards painting charges of the scheduled premises.12) The LESSOR shall have the right to terminate the tenancy if the LESSEE fails to pay the rents regularly for a consecutive period of two months or commits breach of any of the terms herein and take possession of the scheduled premises.13. List of Fittings and Fixtures available in the premisesCeiling Fans : 2 Nos.Tube Light : 1 No.CFL Bulb : 2 Nos.Lights : 2 Nos.In witness where of the LESSOR and the LESSEE have signed the deed of rental agreement on the day month and year above writtenMr. XXXXX Mr. XXXXXXXXXXLESSOR (OWNER) LESSEE (TENANT)Witness:1)2)

Normal wear and tear items, where there is no abuse or mistreatment but only normal, expected deterioration from standard usage, is on the order of from 3 up to 7 years or longer from the time it was first done or installed. Things such as paint, flooring (carpet, vinyl, linoleum, hardwood, tile, etc.), some wearable plumbing fixtures, window coverings (curtains, drapes, venetian blinds, etc.), appliances (stove refrigerator, microwave, etc.) are all in the category of aging or deterioration from normal usage or wear, where there is no abuse, mistreatment, excessive use, failure to keep clean, breakage or deliberate damage by the tenant.Deterioration over time of all of these kinds of furnishings are items subject to “normal wear and tear”, for which the renter should not be charged if they have been in the rental for a long time and have been judged to have taken reasonable care to keep them in good condition. Of course, the amount of normal wear and tear allowable without charge is subjective and they may be chargeable if it is due to some neglect, mistreatment, damage or abuse by the tenant. That’s where judgment comes in and sometimes leads to disagreement between vacating tenant and landlord.Landlords typically will not charge for having to repaint after a tenant vacates if they have been in the rental for over 3 to 5 years and have kept the walls clean without excessive wear, chipping or damage, and there are no holes or unpermitted penetrations, or repainting by the tenant without permission. Normal carpeting of standard quality only lasts about 5 to 7 years before showing wear patterns in heavy traffic areas and has been cleaned or shampooed annually or more often by the tenant. Linoleum or vinyl usually will last longer, up to 10 years or more if kept clean.In all cases, some credit should be given by the landlord for normal wear and tear, so the vacating tenant should NOT be charged the full replacement cost of such items if there is no abuse, misuse, neglect, breakage or deliberate damage. If there is deliberate damage or neglect, the landlord has the right to charge a percentage, up to the full replacement cost in extreme cases, when the tenant vacates.When in doubt about any charges beyond fair wear and tear credit, the IRS has categories of items for guidance on deductibility over the useful lifetime before replacement due to normal wear and usage. So the landlord gets to ‘write off’, or deduct, the cost over time for wear items due to normal usage and deterioration. The tenant should NOT be charged for the percentage of deductible writeoff that the landlord has already taken on his tax filing for the rental. The IRS publication on standards for deductible allowance should be the guide for what a reasonable percentage of replacement cost should be charged to the tenant for excessive wear and tear.In California, the landlord has 21 days after the end of the lease or rental agreement to return the unused security deposit and copies of receipts for charges. If it takes longer than 21 days for the landlord to be able to provide the tenant a full accounting with receipts for some of the withholding for charges, then within 21 days the landlord must give the former tenant an accounting of the status of all the charges that were able to be resolved within the 21 days and an estimate of when the balance of withheld security deposit will be resolved. As soon as all is resolved, the landlord must give the former tenant the final accounting with receipts and itemization of all charges and any balance of security deposit unused.I do not know of any modification of grace period or changed timelines for return of security deposit and itemization of charges due to the pandemic crisis.