LEASEAGREEMENT
LEASEAGREEMENT
thisagreementofleaseismadeonthis_____dayofdecember______byandbetween:
mrs.ghazalawaheedw/oabdulwaheed,adult,r/ohouseno.___,dha,lahorecantt,(hereinaftertoasthelessoroftheonepart).
and
mr.___,r/ochina,refereedtoasthelesseeoftheotherpart.(expression“lessor”and“lessee”whereverthecontextsopermitshallalwaysmeanandincludetheirrespectiveheirs,successorslegalrepresentativeandassignees).
whereasthelessoristhelawfulownerandinlawfulpossessionofhouseno,___,dha,lahorecantt,consistingof4bedroomswithbath,d/d,tv;lounge,kitchen,store,servant,quartertogetherwithfixturesandfitting(hereinaftercollectivelycalledthedemisedpremises).
andwhereasthelessorhasagreedtheleaseandthelesseehasagreedtotakeonleasethedemisedpremisesonthetermsandconditionasgivenbelow:
1.thisagreementinonlyvalidiflesseeisrenewedandextendedfortheleaseperiod.
2.thelessorletslesseetakesthedemissedpremisesforaperiodof12months
commencingfrom15thjanuaryXX.theleaseisrenewableforafurtherperiodasmaybemutuallyagreedinwritingonexpiryoftheleaseperiod
3.therentofthedemisedpremisesshallbeusd3,300/-(usdollarsthreethousandandthreehundredonly)permonth
4.thelessorherebyacknowledgesreceiptofthesumofusd.19,800/-(usdollarsnineteenthousandandeighthundredonly)permonth.
5.itisherebyagreedbetweenthepartiesthatthelesseeshallpaytheaforesaidmonthlyrentusd.3,300/-(usdollarsthreethousandandthreehundredonly)asthemonthlyrentaladvanceby20thofeachcalendarmonthforwhichifisdueaftercompletionofadvancerentperiodendingon15thjulyXX.
6.thatthelessorherebyacknowledgesreceiptofthesumofrs.60,000/-(rupeessixtythousandonly)fromthelesseeasfixededpositsecuritywhichshallberefundedtothelesseeongivingbackthevacantpossessionofthedemisedpremisesafterdeductionofdamages/shortagesoutstandingbillsforelectricity,water,gasandtelephonechargesetc,againstthedemisedpremises.
thelesseeherbyconvenantswithlessorasfollowing:
1.topaytothelessortherentherebyreservedinthemannerbeforementioned.
2.thatthelesseeshallnotatanytimeduringtheterms,withouttheconsentinwritingofthelessor,pulldown,damagesormakeanystructurealterationstothedemisedpremesesprovidedalways,thelesseeshallhavegowriteinstallanyfixturesandfittingsexcludingair-conditionersinthedemisedpremeses,todetachandrepossessthesamesubjecttotherestorationofthedemisedpremesestotheiroriginalstateathiscost(reasonablewearandtearexcepted)ontheexpiryofthisleaseoranyrenewalhereof.
3.tousethedemisespremisesforresidentialpurposeandwouldnotbeusedforacommercialpurposethedemisespremisewouldnotbeusedoccupiedbymr.___andfamily.
4.nottosubletthewholeoranypartofthepremises.
5.topayregularlythebillsforelectricity,gas,waterandtelephonechargesinrespectofthedemisedpremises.acopyofallthepaidutilitybillbeforwardedtothelessoreverythreemonthregularly.incaseofdisconnectionofanyfacilityduetonon-payment,lesseewillberesponsibletogetthemrestoredandpaythesame.allduesmustbeclearedbeforetheexpiryofthelease.
6.thelesseeshallkeepandmaintainthesaidpremisesingoodandtenantableconditionsduringthetenureofthelease.
thelessorherebyconvenantswiththelesseeasfollowing:
1.topayallexistingandfuturerate,taxesassessmentsandotherchargesofapublicnaturewhetherimposebythemunicipality,governmentoranyotherauthorityinrespectofdemisedpremises.
2.nottoerectorsetupabuildingorstructureonthedemisespremisesnortoaddtoanyexistingbuildingorstructureduringtheperiodofleaseoranyrenewalwithoutthewrittenconsentofthelessee.
itisherebydeclearandmuturallyagreedbetweenthelessorandlesseeansfollwing:
1.thelesseeandthelessorshallhavetherightandoptiontoterminatethisleaseatanytimeonlyaftertheexpiryoftheleaseperiodi.e.,24months,providedtheygiveone(1)monthnoticeinadvancetoeitheroftheparties.
2.themeterreadingofvariousutilitiesareasgivenbelow:
utilitymeternumbertoday’sreading
a)elecricity__________________
b)gas_________________________
c)telephone___________________
d)water_______________________
3.thatthelesseehasalsoagreedwiththelessorforamandatoryincreaseinrentby10%perannum,therentwouldbeenhancedtors.36,300/-(rupeesthirtysixthousandandthreehundredonly),shouldthelessorandiesseemutuallytorenewthelease.itcanbenegotiatedbetweentheparties.
whereofthepartiesheretohaveexecutedthesepresentsontheanddayabovewritten.
lesssor:______________________
mrs.ghazalawaheed
nicno._______________________
lessee________________________
mr.__________________________
chinesepassportno.__________