A hotel lease agreement is prepared as a document that keeps legal evidence of all details contained in an agreement for the lease of a hotel – a portion of the hotel or entirely, for the conducting of certain programmes or for a company or business firm’s official purposes. The agreement should be framed in a clear and concise manner such that it is understandable to all, as defaults in the agreement can cause severe losses in the future.
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Sample Hotel Lease Agreement:
This hotel lease agreement of the serial number 457281 clearly states all terms and conditions that validate the lease for a span of three weeks. Both parties involved in this contract have thoroughly read and clearly understood all clauses of the agreement and have promised to follow them in the true sense of the legal terms, failing which they will be subject to penalties, as decided by the law of the State, for having done a “breach of contract”. The significant points of this agreement include:
The hotel lease agreement has been signed for leasing the hotel, as mentioned below, for the purpose of conducting five seminars and three conferences within the three-week time period. The food will be served from the hotel itself, the lessee party bearing all costs incurred.
Date of signing lease agreement: 17th September, 2011
Validity of lease agreement: 3 weeks [17th September, 2011 – 8th October, 2011]
Name of lessor: Peerless Group of Hotels
Address: 99/ P, Loudon Avenue, New Jersey
Contact number: 00 1 – 301 – 489217281
Email id: www.peerlessgroup.com
Name of lessee: Chevrolet Companies Pvt. Ltd
Address: 38 – G/II, Russell Lane, New Jersey
Contact number: 00 1 – 301 – 829218398
Email id: www.chevroletcompanies.in
Name of the hotel on lease: Peerless Grand Hotel, New York
Address: 12, Ruskin Street, New York
Telephone: 00 1 – 718 – 29182917
Total costs included: $39950000
- John McKinley
- Henry Stewart
I hereby promise to abide by the rules stated in the agreement.
_____________________________ [signature of lessor]
_____________________________ [signature of lessee]