LEASE AGREEMENT_leaseagreement

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this agreement of lease is made on this _____day of december ______by and between:

mrs.ghazala waheed w/o abdul waheed, adult, r/o house no.___, dha, lahore cantt,(hereinafter to as the leor of the one part).and

mr.___,r/o china, refereed to as the leee of the other part.(expreion “leor” and “leee” wherever the context so permit shall always mean and include their respective heirs, succeors legal representative and aignees).whereas the leor is the lawful owner and in lawful poeion 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 leor has agreed the lease and the leee has agreed to take on lease the demised premises on the terms and condition as given below:

1.this agreement in only valid if leee is renewed and extended for the lease period.2.the leor lets leee takes the demied premises for a period of 12 months

commencing from 15th january XX.the lease is renewable for a further period as may be mutually agreed in writing on expiry of the lease period

3.the rent of the demised premises shall be usd3,300/-(us dollars three thousand and three hundred only)per month

4.the leor hereby acknowledges receipt of the sum of usd.19,800/-(us dollars nineteen thousand and eight hundred only)per month.5.it is hereby agreed between the parties that the leee shall pay the aforesaid monthly rent usd.3,300/-(us dollars three thousand and three hundred only)as the monthly rental advance by 20th of each calendar month for which if is due after completion of advance rent period ending on 15th july XX.6.that the leor hereby acknowledges receipt of the sum of rs.60,000/-(rupees sixty thousand only)from the leee as fixed edposit security which shall be refunded to the leee on giving back the vacant poeion of the demised premises after deduction of damages/shortages outstanding bills for electricity, water, gas and telephone charges etc, against the demised premises.the leee herby convenants with leor as following:

1.to pay to the leor the rent hereby reserved in the manner before mentioned.2.that the leee shall not at any time during the terms, without the consent in writing of the leor, pull down, damages or make any structure alterations to the demised premeses provided always, the leee shall have go write install any fixtures and fittings excluding air-conditioners in the demised premeses, to detach and repoe 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.3.to use the demises premises for residential purpose and would not be used for a commercial purpose the demises premise would not be used occupied by mr.___and family.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 leor every three month regularly.in case of disconnection of any facility due to non-payment, leee will be responsible to get them restored and pay the same.all dues must be cleared before the expiry of the lease.6.the leee shall keep and maintain the said premises in good and tenantable conditions during the tenure of the lease.the leor hereby convenants with the leee as following:

1.to pay all existing and future rate, taxes aements 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 leee.it is hereby declear and muturally agreed between the leor and leee ans follwing:

1.the leee and the leor 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 today’s reading

a)elecricity __________________

b)gas _________________________

c)telephone ___________________

d)water _______________________

3.that the leee has also agreed with the leor 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 leor and i eee 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.leor:______________________

mrs.ghazala waheed

nic no._______________________

leee________________________

mr.__________________________

chinese paport no.__________