Sample Agreement of Transfer of Tenancy

AGREEMENT OF TRANSFER OF TENANCY

This Agreement of Transfer of Tenancy is made at [Place] on this [date] day of [month], 2023.

PARTIES:

TRANSFEROR: [Name], son of [Father's Name], residing at [Address] (hereinafter called the "Transferor")

TRANSFEREE: [Name], son of [Father's Name], residing at [Address] (hereinafter called the "Transferee")

LANDLORD: [Name], son of [Father's Name], residing at [Address] (hereinafter called the "Landlord")

WHEREAS:

1. The Transferor was a tenant under the Landlord in respect of premises at [address] at a monthly rent of Rs. [amount].
2. The Transferor desires to transfer his tenancy rights in favour of the Transferee.
3. The Landlord has consented to the said transfer of tenancy.

NOW THIS AGREEMENT WITNESSETH AS FOLLOWS:

1. The Transferor hereby transfers and assigns all his tenancy rights in the said premises to the Transferee.
2. The Transferee agrees to pay the monthly rent of Rs. [amount] to the Landlord.
3. The Transferee agrees to observe and perform all the terms and conditions of the original tenancy.
4. The Transferor shall hand over vacant possession of the premises to the Transferee on [date].