Lease of residential property with options on rent free period and early termination. A lease is generally over 3 years and in the form of a deed. The Lessor appoints a representative / manager to manage the property on its behalf. This is drafted in neutral form.
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The document should be signed by the authorised signatory (or directors of a company) and witnessed to complete the formality.
This document is a lease agreement between the lessor and the lessee, with the representative acting as the authorized representative of the lessor. The document outlines the terms and conditions of the lease, including the lease of the premises and the furniture, fixtures, fittings, and equipment within the premises. It also specifies the term of the lease, the rent, and other charges payable by the lessee. The document further details the responsibilities of both the lessor and the lessee, including the maintenance of the premises, payment of utilities, and compliance with laws and regulations. It also covers the termination of the lease and the procedure for handling disputes. The document concludes with miscellaneous provisions, including the entire agreement between the parties, the law and jurisdiction governing the lease, and the method of serving notices. The schedule attached to the lease lists the furniture and electrical appliances included in the rent, as well as any additional renovations agreed upon.
1. Enter the names and addresses of the lessor, lessee, and representative in the agreement, ensuring that all parties are clearly identified.
2. Specify the term of the lease, including the start and end dates. If applicable, include a break clause allowing either party to terminate the lease after a certain period.
3. Describe the premises being leased, including the total area and any furniture, fixtures, fittings, and equipment included.
4. Determine the rent and payment terms, including any rent-free period and the due date for rent payments. Clarify the consequences of non-payment, such as daily interest and the lessor's right to terminate the lease.
5. Discuss the deposit, including the amount and conditions for its return or forfeiture.
6. Address other charges, such as utilities and management fees, and specify which party is responsible for payment.
7. Outline the lessor's responsibilities, including maintaining the premises and providing assistance with lease registration.
8. Explain the lessee's responsibilities, such as paying rent and charges, keeping the premises in good condition, and indemnifying the lessor for any damage caused.
9. Describe the procedure for terminating the lease in case of non-payment or breach of terms.
10. Cover situations where the premises become unfit for occupation and specify the rights and obligations of both parties.
11. Include miscellaneous provisions, such as the entire agreement clause, the law and jurisdiction governing the lease, and the method of serving notices.
12. Attach a schedule listing the furniture and electrical appliances included in the rent, as well as any additional renovations agreed upon.