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Tenancy Agreement For Family Member
"I need a Tenancy Agreement For Family Member to rent my house in Lahore to my son and his family for two years starting March 2025, with special provisions for joint family gatherings and a potential future purchase option."
1. Parties: Identifies the landlord and tenant, including their relationship to each other and full legal details
2. Background: Explains the context of the agreement, including the family relationship and intention to create a formal tenancy
3. Definitions: Defines key terms used throughout the agreement
4. Property Details: Detailed description of the property being rented, including address and any excluded areas
5. Term and Commencement: Duration of the tenancy and start date
6. Rent and Payment Terms: Amount of rent, payment schedule, and method of payment
7. Security Deposit: Amount, terms of holding, and conditions for return of the security deposit
8. Utilities and Bills: Responsibility for utility payments and other ongoing charges
9. Maintenance and Repairs: Responsibilities of both parties regarding property maintenance
10. Tenant Obligations: Standard obligations of the tenant including proper use of property
11. Landlord Obligations: Standard obligations of the landlord including maintaining the property
12. Termination: Conditions and process for ending the tenancy
13. Notices: How formal communications between parties should be made
14. Governing Law: Confirms Pakistani law governs the agreement and specifies relevant jurisdiction
1. Family Dispute Resolution: Special provisions for resolving disputes through family mediation before legal action
2. Property Improvements: Terms for allowing tenant to make improvements to the property, relevant if long-term family occupation is intended
3. Family Events and Access: Special provisions for family gatherings or events at the property
4. Future Purchase Option: Option for the tenant to purchase the property in the future, if agreed
5. Rent Review: Terms for reviewing and adjusting rent, may be more flexible for family members
6. Subletting and Assignment: Usually prohibited but may be allowed with family members under specific conditions
7. Break Clause: Special provisions for early termination due to family circumstances
8. Death and Succession: Provisions for succession of tenancy in case of death of either party
1. Schedule 1: Property Inventory: Detailed list of furniture, fixtures, and fittings included in the tenancy
2. Schedule 2: Property Condition Report: Detailed description of property condition at start of tenancy
3. Schedule 3: Utility Meters: Initial meter readings and meter locations
4. Schedule 4: House Rules: Specific rules for property use and maintenance
5. Schedule 5: Payment Schedule: Detailed breakdown of rent payments and due dates
6. Appendix A: Property Photos: Photographic evidence of property condition
7. Appendix B: Family Agreement Terms: Any special terms agreed due to family relationship
Authors
Real Estate
Residential Property
Family Business
Private Wealth Management
Property Management
Legal Services
Housing
Legal
Real Estate
Property Management
Asset Management
Family Office
Wealth Management
Tenant Relations
Contract Administration
Housing Administration
Property Manager
Real Estate Lawyer
Family Wealth Advisor
Estate Planning Attorney
Property Administrator
Legal Counsel
Family Office Manager
Housing Coordinator
Tenant Relations Manager
Asset Manager
Family Business Administrator
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