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Furnished Apartment Lease Addendum

Furnished Apartment Lease Addendum Template for India

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Key Requirements PROMPT example:

Furnished Apartment Lease Addendum

"I need a Furnished Apartment Lease Addendum for a luxury 3-bedroom apartment in Mumbai that will be rented to a multinational corporation for their executive's use starting March 2025, with high-end furniture valued at ₹15 lakhs and specific maintenance requirements for antique pieces."

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Document background
The Furnished Apartment Lease Addendum is essential when renting out residential properties in India that come with furniture and fixtures provided by the landlord. This document supplements the main lease agreement and is particularly important in urban areas where furnished rentals are common for professionals, students, and expatriates. It should be used whenever a landlord provides furniture, appliances, or other movable items as part of the rental property. The addendum ensures clear documentation of furnished items' inventory, condition, and usage terms, helping prevent disputes and protecting both parties' interests. It must comply with Indian rental laws, including state-specific regulations and the Model Tenancy Act, 2021. The document is particularly relevant in cities with high mobility rates and professional workforce, where furnished apartments command premium rentals and require additional legal protection.
Suggested Sections

1. Parties: Identification of the landlord/lessor and tenant/lessee, including their full legal names, addresses, and contact information

2. Background: Reference to the main lease agreement, including its date of execution and purpose of this addendum

3. Definitions: Key terms used in the addendum including 'Furnished Items', 'Normal Wear and Tear', 'Damage', and 'Replacement Value'

4. Furnished Items: General provisions regarding the furnished items, their ownership, and permitted use

5. Condition of Furnished Items: Statement about the current condition of furnished items and acknowledgment of their good working order

6. Security Deposit Provisions: Additional deposit requirements specific to furnished items and conditions for deductions

7. Maintenance and Repairs: Responsibilities for maintaining furnished items and procedure for reporting damages

8. Prohibited Actions: Restrictions on modifying, removing, or replacing furnished items

9. Return of Furnished Items: Conditions for return of furnished items at lease termination

10. Inspection Rights: Landlord's rights to inspect furnished items during tenancy

11. Insurance Requirements: Insurance obligations related to furnished items

12. Governing Law: Confirmation that the addendum is governed by Indian law and specific state jurisdiction

Optional Sections

1. Replacement Cost Schedule: Include when landlord wants to pre-define replacement costs for damaged items

2. Additional Rent Provisions: Include when there's a separate rent component for furnished items

3. Pet Provisions: Include when pets are allowed and specific protections for furnished items are needed

4. Subletting Provisions: Include when subletting is permitted to address responsibility for furnished items

5. Professional Cleaning Requirements: Include when specific cleaning standards for furnished items are required

6. Usage Restrictions: Include when certain furnished items have specific usage limitations or requirements

Suggested Schedules

1. Schedule A - Inventory List: Detailed inventory of all furnished items including descriptions, quantities, and conditions

2. Schedule B - Photographic Evidence: Dated photographs of all furnished items showing their condition at lease start

3. Schedule C - Valuation Schedule: Current market value or replacement cost of each furnished item

4. Schedule D - Maintenance Schedule: Regular maintenance requirements and schedules for specific furnished items

5. Appendix 1 - Condition Report: Detailed condition report of all furnished items signed by both parties

6. Appendix 2 - Care Instructions: Specific care and maintenance instructions for special furniture items

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Real Estate

Property Management

Residential Leasing

Corporate Housing

Serviced Apartments

Student Housing

Hospitality

Short-term Rentals

Relevant Teams

Legal

Real Estate

Property Management

Facilities Management

Operations

Asset Management

Tenant Relations

Administration

Compliance

Risk Management

Relevant Roles

Property Manager

Real Estate Agent

Leasing Coordinator

Asset Manager

Facilities Manager

Legal Counsel

Housing Officer

Tenant Relations Manager

Property Administration Manager

Real Estate Operations Director

Residential Leasing Manager

Corporate Housing Coordinator

Industries
Rent Control Act (varies by state): State-specific legislation that governs the relationship between landlords and tenants, including rent determination, eviction procedures, and maintenance obligations
Registration Act, 1908: Mandates the registration requirements for lease agreements exceeding 11 months and proper documentation of property details including furnished items
Transfer of Property Act, 1882: Defines legal framework for property leasing, including rights and obligations of lessors and lessees, particularly relevant for Sections 105-116 dealing with leases
Indian Contract Act, 1872: Governs the basic principles of contract formation and enforcement, essential for the validity of lease agreements and addendums
Consumer Protection Act, 2019: Relevant for protecting tenant rights regarding the furnished amenities promised in the lease and their maintenance
Indian Stamp Act, 1899: Determines the stamp duty payable on lease agreements and addendums, which varies by state
Model Tenancy Act, 2021: Central government framework providing guidelines for rental housing, including provisions for security deposits and maintenance of furnished properties
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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