LEASE AGREEMENT     THIS LEASE AGREEMENT IS made this ………… day of ………………….. 20—     BETWEEN     ________________________  of P.O. Box­­­­­­____________ (hereinafter called “the Lessor”) which expression shall where the context so admits include the persons entitled to the reversion for the time being immediately expectant on the terms hereby created of the one part  AND     _____________________of P.O. Box­­­­__________(“the Lessee”) which expression shall where the context so admits include its successors in title of the other part.

LEASE AGREEMENT


THIS LEASE AGREEMENT IS made this ………… day of ………………….. 20—

BETWEEN

________________________  of P.O. Box­­­­­­____________ (hereinafter called “the Lessor”) which expression shall where the context so admits include the persons entitled to the reversion for the time being immediately expectant on the terms hereby created of the one part
AND



_____________________of P.O. Box­­­­__________(“the Lessee”) which expression shall where the context so admits include its successors in title of the other part.

read also lease agreement


WITNESSETH as follows:
1.         IN CONSIDERATION of the rent and the Lessee`s covenants hereinafter reserved and contained the Lessor hereby demises unto the Lessee all those premises known as Floor 6 on the Building at Plot  No_________Block__________ TO HOLD the same unto the Lessee  subject nevertheless to the provisions for review, renewal, and termination as provided herein.  


TO HOLD the demised premises unto the Tenant from the _______________for a term of 3 (three) years that is to say until the _______________  the tenancy will be automatically renewable for another  3 (three) years unless the tenant is in default of rent  subject  nevertheless to the provision for re-entry hereinafter contained yielding and paying thereof during the term hereby granted a monthly rent of …………………. calculated a monthly rate of …………….. per square meter, of which rent is inclusive of service charges but exclusive of utility bills and VAT, payable in advance on the first day of each calendar month.

PROVIDED the said rent shall be subject to assessment and review upon expiry of the term hereby created.

The Tenant hereby covenants with the Landlord to the intent that the obligations may continue throughout the said term as follows:-

(1)               To pay the said rent on the days and in the manner aforesaid clear of all deductions whatsoever.

(2)               To pay water and electricity bills for the demised premises only.  The rest (common areas) to be paid by the landlord.

(3)               To pay to the suppliers all charges for electricity consumed in the demised premises for heating cooling lighting and other purposes throughout the entire term of the lease.

(4)               To keep the interior of the demised premises including the decorations thereof and all the fixtures and fittings therein (and the windows and the glass thereof) and the doors thereof in good and substantial repair and condition and in such good and substantial repair and condition to deliver up the same to the landlord on giving up possession of the demised premises, damaged by fire excepted.

(5)               Forthwith to comply with any notice that may be given by the Landlord or its Agents requiring being made good any breach of any of the obligations on the part of the Tenant under the last preceding clause.

PROVIDED that is the Tenant shall make the default for a period of one month in complying with such notice it shall be lawful for the Landlord (but without prejudice to the right of re-entry hereinafter contained) to enter the demised premises and execute the repairs at the expense of the Tenant in accordance with the provisions hereof and the expenses of such repairs shall be repaid by the Tenant on demand.

(6)               To keep all taps baths washbasins water closets sink cisterns water heaters and waste and other internal pipes in or connected with the demised premises clean and in good order and repair.

(7)               To be responsible for all damage occasioned to the demised premises or any other part of the building or any adjacent or neighboring premises caused by any act default or negligence of the Tenant or the servant's agents licensees or invitees of the Tenant.

(8)               Not to place or expose for sale or otherwise or permit or suffer so to be upon or over the ground within the cartilage of the building any goods things or (save as hereinafter provided) vehicles whatsoever nor to cause or permit any obstruction to the entrances passages and other common portions of the building or the said ground.

PROVIDED THAT this sub-clause shall not prohibit the reasonable use by the Tenant of the car park situated within the cartilage of the building in such manner as to cause no congestion or inconvenience to other users thereof.


(9)               Not without the previous consent in writing of the landlord to alter or interfere with the construction or arrangement of the demised premises or the fixtures or fittings therein belonging to the Landlord or for which the Landlord is responsible or alter or injure any of the walls floors ceilings wiring pipes or drains of the demised premises.

PROVIDED ALWAYS THAT the Tenant shall subject to prior consent in writing of the Landlord having been obtained be permitted to erect or install such alterations or improvements in or additions to the demised premises as may be necessary or convenient for the Tenant in the use of the demised premises but all such alterations improvements and additions shall be removed prior to termination or expiration of the said term unless otherwise with the Landlord in writing and the Tenant.


(10)          To permit the Landlord or its duly authorized agents with or without workmen (upon giving three days previous notice in writing) at all reasonable times of the day to enter the demised premises or any part thereof in order to inspect the state of repair and decoration thereof  and to paint the outside of the demised premises or the building and generally to carry out therein or therefrom any repair additions alterations or other work which may appear to the Landlord to be necessary or desirable to the demised premises or to the building.

(11)          Not to use or suffer or permit the premises to be used for an unlawful or immoral purpose.

(12)          Not to do or permit or suffer anything in the demised premises or the building which may be or grow to be a nuisance or annoyance to the Landlord or any lessee or Tenant thereof or affect the reputation of the building as high-class office premises.

(13)          Not to assign underlet or part with the possession of the demised premises or any part thereof without the consent of the Landlord. The consent of which will not be withheld unreasonably.

(14)          Not to change the use of the demised premises from commercial to residential or any part thereof without the prior written consent of the landlord and to abide  the conditions embodied in such consent.

(15)          Not to store or bring upon the premises any articles of a especially combustible inflammable or dangerous nature and not to do or to suffer anything by reason whereof any insurance affected on the demised premises may be rendered void or voidable or whereby the rate of recommendations of the insurers and fire authorities as to fire precautions relating to the demised premised.

(16)          To pay and make good to the Landlord all and every loss and damage whatsoever incurred or sustained by the Landlord as a consequence of negligence, breach or non – observance of the Tenant` covenants herein contained  and to indemnify the Landlord against all actions claims liability costs and expenses thereby arising.

(17)          Within thirty (30) days from the date of receiving four (4) copies of this lease to pay to the Internal Revenue Office Stamp Duty of the amount which shall have been assessed by the Stamp Duty Officer and to return to the Landlord three copies of the lease fully stamped and


3.         The Landlord HEREBY COVENANTS with the Tenant:

(1)       So long as the Tenant shall pay the said rent and observe and perform the covenants on the part of the Tenant herein contained to permit the Tenant to hold the demised premises  and to occupy the same without any interruption by the Landlord or any person or persons lawfully claiming under or in trust for the Landlord.

(2)       To light the staircase and landings of the building from sunset until dawn and to keep the same property cleaned.

            PROVIDED that the Landlord shall not be responsible for removing any reasonable litter or dirt caused by the Tenant or friends or servants of the Tenant.

(3)               To maintain repair renew cleanse repaint and redecorate and otherwise keep in good and Tenantable condition the structure of the building and nevertheless therefrom all walls that are situated wholly within the demised premises except for those portions of the building and facilities which are for common usage PROVIDED THAT the Landlord shall not be liable to the Tenant for any defect or want of repair hereinbefore mentioned unless the Landlord has had notice thereof nor in respect of any obligations hereunder that is to be construed as falling within the ambit of any of the Tenant’s covenants hereinbefore contained.

(4)               To maintain good working order and repair.

(a)               all apparatus equipment plant and machinery serving the passenger lifts and lift shafts  the floor and water heating systems and the electric lighting appliances in the said common parts;

(b)               all sewer drains channels water courses  gutters rainwater and soil pipes sanitary apparatus pipes wires and cables and supply lines in under or upon the building which shall serve the same (excluding  nevertheless any which lie within the demised premises and exclusively serve the same):

(c)                provide adequate  fire escape outlets and fire fighting equipment and give training to Tenants on how to operate the Equipment.




(5)               To ensure and keep insured the demised premises fixtures therein against or damage by fire and such other risks Insurance of Tenant’s Chattels and assets will remain the responsibility of the Tenant.

(6)               PROVIDED AND IT IS HEREBY AGREED AS FOLLOWS:

(1)               If the Tenant shall fail to pay the rents or any other sum due under this lease within 30 days of the date due to the Tenant shall pay to the Landlord interest based on current bank rates or interest at the time of payment on the rents or other sums from the date when they were due to the date on which they are paid and such interest shall not be deemed to be rent due to the Landlord.

(2)               If any rent or other payment including water and electricity bills or any part thereof shall remain unpaid for 30 days or upwards after the same shall have become  due (whether legally demanded or not) or if there shall be a breach of any covenant on the part of the Tenant then the Landlord may re-enter upon any part of the demised premises in the name of the whole and thereupon the term hereby granted shall be determined but without prejudice to the rights  of the Landlord in respect of any antecedent breach of any covenant or obligation on the part of the Tenant herein contained.

PROVIDED that the Landlord will give the Tenant 30 days notice of intention to determine the Tenancy.

(3)               Notwithstanding anything herein contained the Landlord shall not be liable to the Tenant nor shall the Tenant have any claim against the Landlord in respect of any interruption in any of the services hereinbefore mentioned by reason of necessary repair or maintenance of any installations or apparatus or damage thereto or destruction thereof by firewater act of God or other cause beyond the Landlord’s control or by reason of mechanical or other defect or breakdown or other inclement conditions or unavoidable shortage of fuel materials water or labor or

(4)               In case the demised premises or any part thereof shall at any time during the said term be so damaged or destroyed by fire or act of God or force majeure or other risks against which the landlord shall have insured as to be unfit for occupation and use then (unless the insurance money shall be wholly or partially irrecoverable by reason solely or in part of any act or default of the Tenant) the rents hereby reserved or a fair proportion thereof according to nature and extent of the damage sustained shall be suspended  until the demised premises shall again be rendered fit for occupation and use and any dispute with the reference to this provision shall be referred to arbitration in accordance  with the Arbitration Ordinance aforesaid and any statutory modification or re-enactment thereof for the time being in force.

(5)               Any notice under this lease shall be in writing and may be served on the person on whom  it is to be served either personally or by leaving it for him at the demised premises (if he is the Tenant) or at his last known place of abode, or sending it by registered post or the recorded delivery service to such premises or place; and in the case of a notice to be served on the Landlord it  maybe served on the Landlord it may be served in like manner upon any agent for the landlord duly authorized in that behalf.

7.         Where more than one person is a party hereto as Tenant the expression “the Tenant” shall where the context admits include all or either or any of such persons and their liability in respect of the obligations on the part of the Tenant contained or implied herein shall be joint and several.

8.         If the Tenant shall be desirous of taking a lease of the demised premises for a further term from the expiration of the term hereby granted and shall not more than three months before the expiration of the term hereby granted give to the Landlord notice in writing of such desire and if he shall have paid the rent hereby reserved (hereinafter called the current rent) and he shall have reasonably performed observed upon to the expiry of the Tenancy hereby created then the Landlord will let the demised premises to the Tenant for a further term of up to 3 (three) years from the expiration of the term hereby granted containing the like covenants and provisions as are herein contained, subject to such rents as shall be assessed and agreed at that time.


IN WITNESS WHEREOF the parties hereto have executed these presents on the day and year and in the manner hereinafter appearing.


SEALED with the common seal of the said                                    ]
----------------------------------                                                      ]
FOR-----------------------  and DELIVERED in the                    ]
presence of us this ………………… day of …………. 20..        ]

Name:                         ………………………………………………
Signature:                  ……………………………………………….
Postal Address:         ……………………………………………….
Qualification:

Name:                         ………………………………………………..
Signature:                  ………………………………………………..
Postal Address:         ………………………………………………..
Qualification:             ………………………………………………..

  
SEALED with the common seal of the said                       ]
………………………………………………………………………               ]
………………………………… and DELIVERED in the                  ]
Presence of us this ………………….. day of …………… 2006  ]

Name:                         ………………………………………………
Signature:                  ……………………………………………….
Postal Address:         ……………………………………………….
Qualification:

Name:                         ………………………………………………..
Signature:                  ………………………………………………..
Postal Address:         ………………………………………………..
Qualification:             ………………………………………………..


Post a Comment

Previous Post Next Post