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2014 12 123412 lease agreementthis agreement of lease is made on this 16th day of december 2003 by and between:-mrs. ghazala waheed w/o abdul waheed, adult, r/o house no.*-*, dha, lahore cantt, (hereinafter to as the lessor of the one part).andmr.* *,r/o china, refereed to as the lessee of the other part.(expression lessor and lessee wherever the context so permit shall always mean and include their respective heirs, successors legal representative and assignees).whereas the lessor is the lawful owner and in lawful possession of house no,*-*,dha, lahore cantt, consisting of 4 bedrooms with bath, d/d,tv; lounge, kitchen, store, servant, quarter together with fixtures and fitting (hereinafter collectively called the demised premises).and whereas the lessor has agreed the lease and the lessee has agreed to take on lease the demised premises on the terms and condition as given below:-1. this agreement in only valid if lessee is renewed and extended for the lease period.2. the lessor lets lessee takes the demissed premises for a period of 12 months3. the rent of the demised premises shall be usd3,300/-(us dollars three thousand and three hundred only) per month4. the lessor hereby acknowledges receipt of the sum of usd.19,800/-(us dollars nineteen thousand and eight hundred only) per month.6. that the lessor hereby acknowledges receipt of the sum of rs.60,000/-(rupees sixty thousand only) from the lessee as fixed edposit security which shall be refunded to the lessee on giving back the vacant possession of the demised premises after deduction of damages/shortages outstanding bills for electricity, water, gas and telephone charges etc, against the demised premises.the lessee herby convenants with lessor as following:1. to pay to the lessor the rent hereby reserved in the manner before mentioned.2. that the lessee shall not at any time during the terms, without the consent in writing of the lessor, pull down, damages or make any structure alterations to the demised premeses provided always, the lessee shall have go write install any fixtures and fittings excluding air-conditioners in the demised premeses, to detach and repossess the same subject to the restoration of the demised premeses to their original state at his cost (reasonable wear and tear excepted) on the expiry of this lease or any renewal hereof.4. not to sublet the whole or any part of the premises.5. to pay regularly the bills for electricity, gas, water and telephone charges in respect of the demised premises. a copy of all the paid utility bill be forwarded to the lessor every three month regularly. in case of disconnection of any facility due to non-payment, lessee will be responsible to get them restored and pay the same. all dues must be cleared before the expiry of the lease.6. the lessee shall keep and maintain the said premises in good and tenantable conditions during the tenure of the lease.the lessor hereby convenants with the lessee as following:-1. to pay all existing and future rate, taxes assessments and other charges of a public nature whether impose by the municipality, government or any other authority in respect of demised premises.2. not to erect or set up a building or structure on the demises premises nor to add to any existing building or structure during the period of lease or any renewal without the written consent of the lessee.it is hereby declear and muturally agreed between the lessor and lessee ans follwing:=1. the lessee and the lessor shall have the right and option to terminate this lease at any time only after the expiry of the lease period i.e., 24 months, provided they give one (1) month notice in advance to either of the parties.2. the meter reading of various utilities are as given below:-utility meter number todays readinga) elecricity b) gas c) telephone d) water 3. that the lessee has also agreed with the lessor for a mandatory increase in rent by 10% per annum, the rent would be enhanced to rs.36,300/-( rupees thirty six thousand and threehundred only), should the lessor and i essee mutually to renew the lease. it can be negotiated between the parties.whereof the parties hereto have executed these presents on the and day above written.lesssor:_mrs. ghazala waheednic no._lessee_mr.*chinese passport no._rental contractlandlordtenantpart a part b tenancy1.1 party a hereby agrees to lease its property located at_in good and tenantable condition to party b for residential use.1.2 the leased property shall be used by part b for residential purpose.term of tenancy2.2on expiry of the tenancy, if party b has not exercised its option to renew this agreement in accordance with this clause,party a has the right to repossess the entire leased property,and party b shall deliver the leased property to the party a provided always that party b shall have the option to renew this agreement upon giving prior written novice to party a of its intention to do so that least three(3) months before the expiration of this agreement.rent3.1 the rent for the leased property as agreed to by both parties is rmb_yuan per month, which rent includes all management fee.3.2 party b pay the rental fee before the tenth day of every calendar one month.other charges:party as obligations:5.1party a shall deliver on schedule to party bvacant possession of the leased property including the furniture,furnishing and appliances and the related facilities for party bs use(furniture,furnishing and appliances to be detailed in appendisl.)5.2party a shall not repossess the leased property during the term of party a disturb of interfere with party bs quiet enjoyment of the leased property.5.3 proviede that party b pays the rent and performs and observes party bs terms and conditions in accordavce with this agreement, party b shall be entitled to hold and enjoy the leased propertythroughout the term of this tenancy without any interruption by party a or any other person.5.4 party a agrees to repair and maintain the structure,drains, pipes and cables, etc.leading in to or from the leased property at all times in good and tenable repair during the term of this tenancy.party bs obligations:6.1 party b shall promptly pay all rent ,security deposit and other charges payable by it in accordance with the terms of this agreement.6.3 party b shall use the leased property legally as agreed in this agreement and may not change such use on its ownparty b shall not store any dangerous items which are prohibited by the laws in the peoples republic of china in the leased property and shall be fully responsible for any admages of losses as result thereof.6.4 without party as prior written consent ,party b may not assign the tenancy or sublet the leased property to a third party.others:7.1 if this agreement it unclear with respect to certain matters, the two parties shall discuss to resolve such ambiguities.this agreement was signed in _on _partya:partyb:address:address:telephone number:telephone number:lease agreementthis agreement of lease is made on this 16th day of december 2003 by and between:-mrs. ghazala waheed w/o abdul waheed, adult, r/o house no.*-*, dha, lahore cantt, (hereinafter to as the lessor of the one part).andmr.* *,r/o china, refereed to as the lessee of the other part.(expression lessor and lessee wherever the context so permit shall always mean and include their respective heirs, successors legal representative and assignees).whereas the lessor is the lawful owner and in lawful possession of house no,*-*,dha, lahore cantt, consisting of 4 bedrooms with bath, d/d,tv; lounge, kitchen, store, servant, quarter together with fixtures and fitting (hereinafter collectively called the demised premises).and whereas the lessor has agreed the lease and the lessee has agreed to take on lease the demised premises on the terms and condition as given below:-1. this agreement in only valid if lessee is renewed and extended for the lease period.3. the rent of the demised premises shall be usd3,300/-(us dollars three thousand and three hundred only) per month4. the lessor hereby acknowledges receipt of the sum of usd.19,800/-(us dollars nineteen thousand and eight hundred only) per month.6. that the lessor hereby acknowledges receipt of the sum of rs.60,000/-(rupees sixty thousand only) from the lessee as fixed edposit security which shall be refunded to the lessee on giving back the vacant possession of the demised premises after deduction of damages/shortages outstanding bills for electricity, water, gas and telephone charges etc, against the demised premises.the lessee herby convenants with lessor as following:1. to pay to the lessor the rent hereby reserved in the manner before mentioned.2. that the lessee shall not at any time during the terms, without the consent in writing of the lessor, pull down, damages or make any structure alterations to the demised premesesprovided always, the lessee shall have go write install any fixtures and fittings excluding air-conditioners in the demised premeses, to detach and repossess the same subject to the restoration of the demised premeses to their original state at his cost (reasonable wear and tear excepted) on the expiry of this lease or any renewal hereof.4. not to sublet the whole or any part of the premises.5. to pay regularly the bills for electricity, gas, water and telephone charges in respect of the demised premises. a copy of all the paid utility bill be forwarded to the lessor every three month regularly. in case of disconnection of any facility due to non-payment, lessee will be responsible to get them restored and pay the same. all dues must be cleared before the expiry of the lease.6. the lessee shall keep and maintain the said premises in good and tenantable conditions during the tenure of the lease.the lessor hereby convenants with the lessee as following:-1. to pay all existing and future rate, taxes assessments and other charges of a public nature whether impose by the municipality, government or any other authority in respect of demised premises.2. not to erect or set up a building or structure on the demises premises nor to add to any existing building or structure during the period of lease or any renewal without the written consent of the lessee.it is hereby declear and muturally agreed between the lessor and lessee ans follwing:=1. the lessee and the lessor shall have the right and option to terminate this lease at any time only after the expiry of the lease period i.e., 24 months, provided they give one (1) month notice in advance to either of the parties.2. the meter reading of various utilities are as given below:-utility meter number todays readinga) elecricity b) gas c) telephone d) water 3. that the lessee has also agreed with the lessor for a mandatory increase in rent by 10% per annum, the rent would be enhanced to rs.36,300/-( rupees thirty six thousand and three hundred only), should the lessor and i essee mutually to renew the lease. it can be negotiated between the parties.whereof the parties hereto have executed these presents on the and day above written. lesssor:_mrs. ghazala waheedlessee_mr.*chinese passport no._
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