A credit tenant lease is a document which outlines the terms and conditions determining an agreement between a landlord and a credit tenant. A credit tenant is one who has been approved of by standard rating agencies and against whose rental payments the landlord can pledge his purchase of the property. In other words, a landlord can buy his property keeping the credit tenant’s payments as a safeguard against it. The document is a legal one and care should be taken to make it accurate and effective.
Sample Credit Tenant Lease
This document hereby attests to the initiation of a credit tenant lease agreement between Mr. Jason Bourne of Green Villa, Alta Roma Avenue, New York [henceforth referred to as the landlord] and Mr. Karim Rogers of Palm Wood Resorts. Pvt. Ltd. [henceforth referred to as the credit tenant]; effective from the 23rd day of the month of June 2012. The date of commencement of the credit tenant lease is 12th July 2012 and the date of termination is 11th July 2014. The duration of the credit tenant lease is thus two years.
The initial security deposit to be paid by the credit tenant to the landlord is 1 million USD which is refundable and shall be paid back to the tenant after the end of the period of the credit tenant lease. The monthly rentals of 500,000 USD must be made by the 5th of every month, and payments should be made to the account of the landlord as per the instructions given in the annex document attached along with the lease.
Signature of landlord: _______________________
Signature of credit tenant: ____________________