Property Lease Agreement

By | August 30, 2011

Property lease agreement abbreviates a process by which a possessed property or dwellings are given into lease for a certain period of time. Such an agreement is made upon certain terms and conditions which can create enforceable obligations or refrain the concern parties from doing a particular thing without consent.

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Property Lease Agreement

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Lease agreement number: 568877                                                Date: 31st July 2011

This property lease agreement states a contract between the “lessor” Mr. Ricky D’souza of address 45, Southern Street, New Minnesota USA and the “lessee” Mr. Andrew Paul of address 3, Southern Street, New Minnesota USA. This agreement states that the property is being given into lease for a period of 1 year 6 months which would become effective from 4th August 2011 onwards and will remain valid till 4th February 2013.

Property Specification that is given on lease:

The entire property is a flat of 1100 square meter which consists of 3 bedrooms, 1 kitchen and 2 baths-cum-toilets with complete furnishing.

This agreement solicits the following terms and conditions which is to be followed by both the parties during the period of lease.

  • The lessee has agreed to pay an amount of $235 within 5th of every month.
  • If any damage is seen or maintenance need arises within the stated premises, the lessee shall bear the entire cost.
  • This agreement states that the premises shall be distempered or painted every year by the lessor.
  • All the charges like electricity, filtered or unfiltered water shall be paid by the lessee.

Signature of lessor __________________

Signature of lessee _______________

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