Lease Agreement - Domestic / Residential Property

The Lease Agreement - Domestic / Residential Property is a legally binding document that outlines the terms and conditions of a lease agreement between a lessor (party 1) and a lessee (party 2) for a residential property. The document begins with a brief introduction, stating that the lessor will let and the lessee will take the premises for the term of the lease. The document then provides a detailed description of each section.

 

Section 1: Lease

This section states that the lessor agrees to lease the premises and the furniture, fixtures, fittings, and equipment therein to the lessee for residential purposes. It also specifies the total area of the premises.

 

Section 2: Term of Lease

This section defines the term of the lease, including the commencement date and the end date. It also mentions the option for both parties to terminate the lease after the first break years of the term by giving a two-month written notice. If the lessee wishes to extend the lease, they must give written notice to the lessor two months prior to the expiry of the lease.

 

Section 3: Rent

This section specifies the rent amount, which is payable on the first day of each period. It also mentions that the lessee must pay the charges of water, electricity, gas, telephone, and other outgoings not included in the rent.

 

Section 4: Deposit

This section states that the lessee must pay a deposit within one business day after the signature of the lease. It also mentions the conditions under which the deposit may be retained or returned.

 

Section 5: Other Charges

This section states that the lessee is responsible for paying all outgoing charges for water, electricity, telephone, internet, gas, and heating fee monthly according to consumption.

 

Section 6: Lessor's Responsibilities

This section outlines the lessor's responsibilities, including maintaining the premises, providing security and services, and ensuring the legality of the premises.

 

Section 7: Lessee's Responsibilities

This section outlines the lessee's responsibilities, including paying rent and charges, keeping the premises in good condition, and complying with laws and regulations.

 

Section 8: Termination and Renewal

This section states the conditions under which either party can terminate the lease and the process for renewing the lease.

 

Section 9: Premises Unfit for Occupation

This section addresses the situation where the premises are damaged or rendered unfit for use or occupation, stating that the rent and other charges shall cease to be payable until the premises are accessible again.

 

Section 10: Miscellaneous

This section includes various provisions, such as the entire agreement between the parties, the validity of the lease in case of void or unenforceable provisions, and the waiver of breach.

 

Section 11: No Rights Under Contracts for Third Parties

This section clarifies that a person who is not a party to the lease has no right to enforce its terms.

 

Section 12: Law and Jurisdiction

This section states that the lease is governed by the laws of the applicable jurisdiction and that any disputes shall be resolved in the courts of that jurisdiction.

 

Section 13: Notices and Service

This section specifies the methods and timing of serving notices between the parties.

 

The lease agreement also includes a schedule that lists the furniture and electrical appliances included in the rent, as well as any additional renovations agreed upon.

How to use this document?

1. Enter the lessor's and lessee's information in the agreement, including their names and addresses. This ensures that both parties are clearly identified.

2. Specify the term of the lease, including the commencement date and the end date. If there is a break clause, indicate the conditions for termination after the first break years.

3. Clearly describe the rent amount and the charges included in the rent. Specify that the lessee is responsible for paying additional charges for water, electricity, gas, telephone, and other outgoings.

4. State the conditions for the deposit, including the amount and the circumstances under which it may be retained or returned.

5. Outline the lessee's responsibilities, such as keeping the premises in good condition and complying with laws and regulations.

6. Specify the lessor's responsibilities, including maintaining the premises, providing security and services, and ensuring the legality of the premises.

7. Address the termination and renewal of the lease, including the conditions for termination and the process for renewing the lease.

8. Include provisions for situations where the premises are unfit for occupation, stating that the rent and other charges shall cease to be payable until the premises are accessible again.

9. Include miscellaneous provisions, such as the entire agreement between the parties, the validity of the lease in case of void or unenforceable provisions, and the waiver of breach.

10. Clarify that a person who is not a party to the lease has no right to enforce its terms.

11. Specify the applicable law and jurisdiction for any disputes arising from the lease.

12. Provide the addresses of the parties for the purpose of serving notices.

13. Attach a schedule that lists the furniture and electrical appliances included in the rent, as well as any additional renovations agreed upon.