The Renewal of Tenancy Agreement is essential when parties wish to extend an existing lease arrangement in Pakistan while potentially updating certain terms and conditions. This document is commonly used when the original lease period is approaching expiration, but both parties agree to continue their landlord-tenant relationship. It must comply with federal laws such as the Transfer of Property Act 1882 and Contract Act 1872, as well as relevant provincial rental laws. The agreement typically includes updated rent amounts, renewal duration, maintenance terms, and any new conditions agreed upon by the parties. It's crucial for maintaining legal certainty and protecting both parties' interests during the extended rental period. The document requires proper registration and stamp duty payment as per local regulations, and often serves as a continuation of the original lease while incorporating any necessary modifications to reflect current circumstances or market conditions.
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1. Parties: Identification of the Landlord and Tenant with their complete legal names, addresses, and CNIC numbers
2. Background: Reference to the original tenancy agreement, its date, and brief context for the renewal
3. Definitions: Definitions of key terms used in the agreement, including 'Premises', 'Term', 'Rent', 'Security Deposit', etc.
4. Renewal Term: Specific period for which the tenancy is being renewed, including start and end dates
5. Rent and Payment Terms: Updated rental amount, payment schedule, method of payment, and any annual increases
6. Security Deposit: Confirmation of existing or revised security deposit arrangements
7. Maintenance and Repairs: Ongoing responsibilities of both parties regarding property maintenance
8. Utilities and Bills: Responsibility for payment of utilities, taxes, and other charges
9. Use of Premises: Permitted use of the property and any restrictions
10. Governing Law: Specification that the agreement is governed by Pakistani law and relevant provincial legislation
11. Signatures: Execution clause and space for signatures of all parties and witnesses
1. Renovation and Improvements: Terms regarding any agreed renovations or improvements during the renewal period
2. Subletting: Terms permitting or prohibiting subletting, to be included if relevant to the particular tenancy
3. Break Clause: Optional early termination provisions, if agreed between parties
4. Insurance: Specific insurance requirements if either party needs to maintain particular coverage
5. Property Manager: Details of property manager if the landlord operates through one
6. Additional Occupants: Section detailing permitted additional occupants, if applicable
7. Pet Clause: Terms regarding keeping pets, if allowed
8. Force Majeure: Provisions for unforeseen circumstances, particularly relevant post-COVID
1. Schedule 1 - Property Details: Detailed description of the premises including address, boundaries, and included fixtures/fittings
2. Schedule 2 - Inventory: Updated list of furniture, appliances, and other items provided by the landlord
3. Schedule 3 - Property Condition Report: Current condition of the property at the time of renewal
4. Schedule 4 - Payment Schedule: Detailed breakdown of rent payments, including any scheduled increases
5. Schedule 5 - House Rules: Any specific rules or regulations for the property or building
6. Appendix A - Original Agreement: Copy of the original tenancy agreement for reference
7. Appendix B - Photographs: Current dated photographs of the property condition
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