Lease Agreement

AGREEMENT OF LEASE (RESIDENTIAL) Between Lessor: Identity Number: (the Lessor) and Lessee: (I dentity Number: (the Lessee) 1. L E AS E OF P RE MI S ES Th e Le s so r h er eb y l et s t o t he L e ss ee w ho hire s s ubj ect t o t he t erm s an d co n di t i on s s et o ut in t his agr ee me nt t he f oll ow ing pr emi s es : A f u rn i sh ed / un f urn i sh ed dw elling sit uat e d at : I n cl udi n g t h e gr o u n d s a nd parki ng ba y /g arag e Ga rag e n o 2. Pa rking Ba y n o : I NT ER P R ET AT IO N S A N D D EF I NI TI O NS 2 .1 Th e cl a u s e h eadi ng s of t his Agr ee me nt ar e in se rt ed f or ref er en c e p u rp os e s and shall in no w a y go ve rn o r a ff ect t he i n t erp r et at i on t her e o f . 2 .2 Un l es s t h e c on t e xt in dicat e s a c ont ra r y in t ent ion an exp r e ssi on w h i ch de not e s a n y g en der in c lu de s t h e ot her gen d er s , a n at ural p er so n , a j u rist ic pe r so n and vi ce v er sa , t h e si n g ul a r i n cl u de s t he pl ur al an d vice v er sa . 2 .3 Un l es s i n c on si st ent w it h t he c ont e xt , t he expr e ssi on s s et f ort h b el ow sh al l b ear t he meani ng s a s sign ed t o t h em . 2 .3 .1 C om m en ce me nt Dat e : on t he . da y o f 20 05 an d en d u ring f o r an init ial pe rio d o f 2 .3 .2 Dep o si t : 2 .3 .3 M on t h l y R ent al pa y a ble f or t h e p re mis es : 2 .3 .4 Do mi ci l i a an d N ot ice s Th e p a rt i e s h ere b y c ho o se d om i ci li um ci tandi et exe c ut an di f or all p u rpo s es und er t his Ag r eem ent at t h e ad dr es s es s et o u t bel ow (n ot bei ng a po st b o x or p o st r est ant e ). LE S SO R : LE S SE E : The P re mis e s An y n ot i ce giv en b y or eit he r Pa rt y in t e r ms of t hi s Ag r e em ent sha ll be give n in w rit ing a nd shall be del i v er ed b y h and t o a r e sp on sible pe rs o n pr es ent at o r sen t b y f ac simil e t ra nsmi s si on o r p repai d regi st er ed p o st t o t h e d omicili u m ch o se n b y t he a d dre s se e in t erm s of t his Ag re em ent and w he re up on i t shall be dee me d t o h av e b e en r ec eiv ed w hen s o deli ve re d or fax ed o r 4 (f o u r ) b usi nes s da y s a ft er b ein g so s ent b y p o st . 3. COMM E NC EM E NT A N D P E RI OD Th e l e as e o f t h e P re mi s es i s e nt er ed i nt o fo r t he init ial peri o d of co mm en ci n g on t h e C om m ence me nt Dat e (a s st ip ulat e d in C l au se 2 .3 .1 ) w h e rea ft er t h i s L ea se sh all c ont in u e as a m ont hl y t en an cy , t ermi n a b l e b y ei t h er p art y gi ving t he ot h e r 2 (t w o ) cale nda r mo n t h ’ s n ot i ce i n w ri t i ng . 4. US E OF P RE MI S ES Th e Pre mi se s sh al l on l y be us ed f or pri vat e r es ide nt ial p ur p os e s a nd n o ot h er p urp o se w h at so ev er , n o r shall t he Le s se e all ow t he p re mi s es t o b e i n h a b i t ed b y m or e t han per s on s at an y on e t i me , sa ve w i t h t h e L es s or ’s pri o r w rit t en con se nt and s ubj ect t o p ro vi si on s c on t ai n ed i n t he H o us e R ul es a nnex ed he ret o if ap p l i cab l e . N o b i rd s , an i mal s or p et s o f a n y kin d shall be kept u po n an y p art of t h e p r emi se s w i t h o ut t he p ri or w rit t en c on sent o f t he Le s s or /M an a gi n g Ag ent . 5. RE N T AL 5 .1 Th e m on t h l y r en t pa y able b y t he L e ss ee t o t h e Le s s or f or t he h i re o f t h e Pre mi se s i s t he s u m o f R w h i ch am o un t sh all esc alat e at of t h e C o mm en c em ent Dat e . 5 .2 Th e Le s se e sh al l pa y t he r ent m ont hl y i n a dvan ce o n t he fi rst w orki n g d a y o f e ve r y m ont h fr ee o f a ll ba nk cha rg es an d w h en e ff ect i n g pa y ment cl ea rl y id ent if y eac h p a y me nt ma d e by him. 5 .3 Al l m on t h l y ren t shall be paid on o r b ef or e t he d ue d at e , w i t h out de d uct i on or s et o ff at s uch pl ac e a s t he Le s so r ma y i n di cat e i n w ri t i ng f r om t ime t o t ime . 5 .4 Pa ym en t of r en t als r ecei ve d a ft er t he 7 t h da y o f t h e m o nt h w i l l b e s ub j ect t o a s ur char ge of R2 00 .0 0 t o c o ver c oll ect ion fee s an d / or a ddit i on al ad mini st rat i on c o s t s . 5 .5 An y p a y men t rec eiv ed shall fi rst be all oc at ed t o r ent al c ost s , admi n i st rat i on fe e s , l egal c ost s a nd i nt er est a nd t h er eaft e r t o ren t al . % on e ach anniv er sa ry 6. DE P OS IT 6 .1 As se c uri t y f o r t he f ul fillm ent of all t he Le s se e’ s obli gat i on s in t erm s of t h i s Ag re em ent , t he Le ss ee s hall dep o sit w it h t he Le s s or u p o n si gn at u r e of t his Agr ee me nt , an a m o unt of R . 6 .2 I t i s sp eci fi cal l y re co rde d t hat t he d ep osi t ma y n ot b e a p p l i e d b y t h e L es se e a s p a ym ent f o r t he last m ont hs r ent al or f o r an y ot h er r ent al d u e t o t he L e ss o r i n t er ms of t hi s L ea se . 6 .3 Th e Le s so r sh al l b e e nt it led t o de d uct fr o m s uch de po sit a n y am o un t p a y ab l e b y t he Le s se e h er e und er u npaid an d a n y am o un t ow i n g b y t h e Le s se e fo r dam ag e s s uf fe re d b y t he Le s s or , an d i n t h e ev ent of s uc h d ed u ct io n d uri ng t h e l eas e p eri od , t h e Le s se e sh all up on req u e st b y t he Le s s or , f o rt hw it h rei n st at e t h e d ep osit t o it s f ul l a m o unt . 6 .4 Th e Le s so rn t sh all inv est t he d ep os it in a n int ere st be arin g acc o un t f o r t h e be n efit of t he L es s ee in acc or danc e w it h t he req ui r em en t s of t he Re nt al H o u sing Act 5 0 of 1 99 9 , int er est accr ui n g t o t h e Le ss ee . 6 .5 On t e rmi n at i on of t his Le as e and pr o vide d t hat n o am o unt s are d ue an d ow ing , t he D ep o si t t o get he r w it h any int er est sh al l b e r ef un de d t o t he L e ss ee . 6 .6 Sh o ul d t h e L es s ee w i sh t o ext en d t he c ur r ent L ea se , t he n t he n ew L ea se sh al l be o n all t h e c on dit ion s c ont ain ed her ein sav e t h at t h e m o nt hly rent al s hall b e neg ot iat ed . Th e L es s or sh al l h av e t h e ri ght t o in cr ea se t h e dep o s it t o b e e q uival ent t o t h e n ew l y n eg ot ia t ed r ent al . 7. AG E NT A N D COM MI S SI O N 7 .1 8. Th e re i s n o ag ent s c om mi ssi on d u e b y eit her part y RE CE I PT S 8 .1 Th e Le s so r sh al l pr o vi de t h e Le s se e w it h r e ceipt s f or pa y ment s mad e . N o rec ei pt w i ll be is s ue d f or dir ect bank d ep osit s or i n t ern et t r an s act io ns as t he se ar e s uf fici e nt pr o of o f p a ym en t . 8 .2 I n t h e ev en t of a re c eipt bei ng i s s ue d ea ch r ecei pt sh all con t ai n t h e dat e o f r eceipt o f p a ym ent , t he a dd re ss of t he p re mi s es w h e re t h e pay me nt is ma de , in re spe ct o f w hich p eri od t h e p a ym ent s is ma de and in re sp ect of w hat t he p ay me n t i s ma de i .e rent al , el ect ricit y , d e po sit et c . 9. R AT ES , T A X ES , L E V IE S Th e Le s so r sh al l p a y al l rat e s , t ax es an d l evi es pa ya ble i n r e s pect of t h e P re mi s e s d u ri n g t h e Le as e p eri o d . Sh o uld t he se am o unt s i n cre as e d uri n g t h e L eas e P eri od , t he Le ss or s hall b e ent it led t o i n cre as e t h e m on t h l y rent pa yabl e b y an am o unt eq u al t o s uc h i n cre as e . 10 . SU P PL I ES T O T HE P RE MI SE S 10 .1 Th e Le s se e sh al l mak e all ar ra n ge ment s n ece s sar y t o pr oc u re t h e s u p p l y t o t h e P re mis es of el ect ricit y a nd w at er an d shall b e r e sp on si b l e f o r t h e pa y me nt t her e of t o t h e s uppli er f or all el ect ri ci t y an d w at er c ons u me d and f or a ll t eleph on e i n st al l at i o n or r ec on nect io n , rent al an d calls d uri ng t h e Le as e Pe ri o d an d f or t he p ay ment o f a n y ot he r charg e s p a yable in con n ect i on w i t h t he af or es aid . 10 .2 I f t h e P re mi s e s a re le t w it h a t eleph on e , t he Le s se e shall pa y al l ch a rg es l e vi e d b y t he p o st al a ut h orit ie s in r elat io n t o t he t el ep h on e w i t h i n t he t ime li mit all ow e d fo r pa y ment and t he Le s se e sh al l d o not hi ng w hich ma y le ad t o t h e s usp en si on o r t ermi n at i on o f t h e t e leph one ser vic e or t o a ch ang e o f n u mb e r or di rect or y ent r y . 10 .3 Th e Le s se e i n de mnifi es t he L es s or ag ainst an y dam ag es s uf fe re d b y h i m a s a re s ult o f an y fail ur e or int er r upt io n of an y s up p l i es t o t h e Pr emi se s and t he Le s s or d oe s n ot w arra nt t hat an y s uch s up p l i e s w il l be c ont in ue d f o r t h e d u rat io n of t he Le as e Pe ri od . Th e L e ss o r un de rt ake s t o p erf o rm n o a ct o r omi s si on t o p re j u dic e t he c ont in uat io n o r r es u mpt i on o f s uch s up p l i es . 11 . FI XT U RE S A ND F IT TI N GS 11 .1 Th e Le s se e sh al l n ot be ent it led t o a ffi x a ny fixt ur e s , fit t ings or dri v e n ai l s i n t o t he w alls o f t he P re mi se s w it hout t he pri o r w ri t t en co n s en t of t he Le s s or , w hich c o ns ent ma y b e g rant e d or w i t h h el d at s ol e di scr et ion of t he L es s or . 11 .2 Sh o ul d t h e L es s or c o nse nt , all fixt ur e s , fit t ings an d nail s sh all , un l es s ot h erw i s e a gr eed b y t h e Le s s or i n w rit ing , b e r em o ve d b y t h e L es se e b y n o l at er t han t he dat e o f t he O ut g oi n g I n sp ect i o n , b y w hich dat e all dam ag e oc casi on ed b y t he ori gi n al fi xi n g and / or b y t he r em ov al o f s u ch fi xt u re s , fit t ing s an d n ai l s s h al l h av e been m ade g o od at t he in st ance an d co st of t h e L es se e w ho sh all r e st or e t h e P remi s es t o t he con di t i on t h at i t w a s in on t h e C o mm enc eme nt Dat e . 11 .3 Sh o ul d t h e L es s ee fai l t o re m ov e an y a ut h ori z ed fixt ur es an d fi t t i n gs on or b e f or e t he O ut g oing I nspe ct ion , s uch fixt ur es an d fi t t i n gs sh al l b ec om e t h e p ro pe rt y o f t he L e ss o r , w it h o ut an y ob l i g at i on t o c o mpen sat e t he L es s ee t her ef or e . 12 . AL T E R AT IO N S Th e Le s se e sh al l n ot eff ect a n y alt e rat i on s or ad dit io ns , w het h er st r uct u ral o r n ot , t o t h e Pr emi se s w it h o ut pri or co ns ent of t he Le s s or , w h i ch c on sen t ma y b e g iv en/w it hhel d at t he di sc ret i on o f t he Le s s or . 13 . I NCO MI N G I N S PE CT I ON 13 .1 Th e Le s so r an d t he L es se e shall j oint l y in s pect t he P re mis es p ri or t o t h e C om men cem ent D at e a s per t he Rent al H o usi ng Ac t 50 of 1 99 9 . Sh o u ld t he L e ss ee fail t o meet t h e Le s s or at t h e P re mi s e s on t h e dat e a nd at t he t im e arr ang ed b y b ot h p art i e s , t h e Pr emi se s shall be d ee med t o be fre e o f de fect s . 13 .2 An y de fe ct or da ma ge n ot e d o r f o u nd at t he Pr emi se s sh all b e r ec o rde d i n w rit in g in a li st of d ef ect s (S na glist ), w hich sh al l b e si gn e d b y t h e Le s se e an d t he Le s s or and at t ache d t o t h i s Ag re em en t . T he Le s se e m ust obt ain a c op y o f t his Lea s e Ag r e em en t , on ce it has be en sig ned b y all pa rt ies . 13 .3 Th e Pre mi se s a re let and hi re d in t he c on dit ion in w hich t he y are at t h e C o mm enc eme nt Dat e , w it ho ut an y w a rrant y exp r e ss or i mp l i ed , a s t o t he ab sen ce o f l at ent o r p at ent def ect s t h er ei n , b ut s ubj ect alw a y s t o t h e Le s se e’ s mai n t en a n ce oblig at ion s in t er ms of Cla u s e 1 4 bel ow . 13 .4 Th e Sn a gl i st m ust be s ubmit t ed t o t he Ag ent b y t he Le s se e w i t h i n (7 ) se ven d a ys o f t he C om me nce m ent Dat e . L et it b e n ot e d t h at sh o uld t he Le s se e n ot f urni sh t he Ag ent w it h a det ai l e d sn a gl i st i n w rit ing , it w ill be acc e pt ed t hat t he re w ere n o f a ul t s . Sh o u ld f u rt her f a ult s b e di sc ov er ed aft e r t he i n i t i al sn agl i st h a s b e en s ubmit t e d , s uch f ault s m u st al s o be rec or de d i n w ri t ing . 14 . MA I NT E N A NC E B Y T H E L E SS E E Th e Le s se e sh al l f or t h e d u rat i on o f t he L e ase Peri o d a nd at hi s ow n co st , mai n t ai n t h e i n t erio r a nd all t he fi xt ur e s an d fit t ings t her ein of t h e P re mi s e s i n a st at e of g o od r epai r , fai r w ear and t ea r accep t ed , an d sh al l on t ermi nat io n of t hi s Ag re em ent r e - d eliv er t h e Pr emi se s t o t h e Le s so r in t h e sam e c ondit i on as it e xist e d on t he C om m en ce me n t Dat e . 14 .1 Th e Le s se e’ s maint en ance o bligat i on s in t erm s o f hi s cla u se sh al l i n cl ud e b ut n ot be li mit ed t o : 14 .1 .1 Th e r ep ai r or r eplac e , an y d o or han dle s , l ock s and ke ys , gl a ss , w ind ow f ast en er s , el ect rical fi t t ings , b at hs , b asi n s , s anit ar yw ar e , w at er t ap s , b ur glar alarm s , aut om at ed gat e s /ga rag e d o o rs , spri nkle r s yst e m s , p ool p u mp , fi l t e r , a ut o ma t ed p o ol clea ner w hi c h ar e dama ge d b y t he L es se e . The Le ss ee shall als o r eplac e at h i s ex p en se , a n y li ght b ulb s , fl u or es cen t t ube s , t ap w ash e rs an d w at er b allast s on t h e Pr emi s es . 14 .1 .2 keep an d maint ain a ll s ew era ge pip es , w at er/ dow npi pe s , g ut t erin g an d drai ns f r ee o f ob st r uct i o n an d blo c kage an d shall re m o ve , at hi s co st , a n y bl oc kag e or obst r u ct ion t her ei n . I f t h e b l oc kag e i s c a us ed by t re e r o ot s , t he c o st of dr ain cl eari n g w ill be f or t he Le s s or ’s ac co u nt . 15 . MA I NT E N A NC E OF G A RD E N 15 .1 Th e Le s se e sh al l ke e p t he gr o u n ds (if an y ) o f t h e Pr emi se s in a cl ean , t i d y c on dit i on , f re e fr om all lit t er , and k ee p t he h edg e s t ri mm ed , ke e p t he l aw n w at ere d and m ow ed , k eep t h e fl ow e rb e ds w at e red , n eat an d fr ee f r om w ee d s . The Le s se e sh al l n ot c ut or r em o ve t r ee s o r pl ant s or e ff ec t an y al t erat i on s t o t h e ga rden , w it h o ut t he Le s s or ’s pri o r w rit t en con se n t . Th e gar de n sh all , at t he t e rmi n at ion o f t hi s Ag r e em en t , b e ret ur ned t o t h e Le s s or i n s ub st ant iall y t he sam e c on di t i on t hat it w as in at t he C o m menc em ent D at e . 15 .2 Th e c o st s o f a n y g ar den s er vice s em pl o y ed as w ell a s t he co st s o f g o od s or m a t erials r eq uir ed t o re st o re t h e gar den t o s ub st an t i al l y t h e sa m e c on dit ion t hat it w as at t he C om m en ce me n t Dat e , shall b e f o r t he Le ss ee ’ s a cc o unt an d sh al l b e p a ya b l e i m medi at el y up on d em an d b y t he L e ss o r . 15 .3 Th e Le s se e sh al l be r esp on sibl e f or t h e m aint enanc e and up k ee p of t h e P o ol . The pr o vi si ons of Cla u se 1 5 .2 shall appl y , m ut at i s m ut an di s t o t he Le s s or ’s ri ght t o e mpl o y p o ol mai n t en a n ce s er vic e s a nd t h e Le s se e’ s o bligat io ns t o pa y al l co st s i n ci d en t al t h er et o . 16 . D AM AG E TO T H E PR E MI SE S B Y T H E L E S SE E , VI S ITO R S, F A MIL Y 16 .1 Th e Le s se e sh al l re pa ir an y da ma ge ca u s ed t o t he Pre mi se s du ri n g t h e L ea se P eri od im me diat el y u p o n call ed t o d o s o . 16 .2 Th e Le s se e sh al l n ot know ingl y or ne gl ig e nt ly c a us e o r all ow t o b e ca u s ed an y ob st r uct io n or bl ocka g e of an y s ew era ge p i p e s , drai n s an d ot h er s uppl y eq ui pm ent and in st allat i on s se rvi n g t h e P re mis e s and shall r em o ve at his ow n co st a n y ob st r uct i o n or b l ock age w hich oc c ur s in s uch pipe s o r drain as a r e s ul t of h i s act i on s a nd , w her e nec e ss ar y , shall ca u se , at h i s ow n c ost , s u ch s ew er , pip e or d rain t o b e rep air ed . 17 . I NS U R A NC E 17 .1 Th e Le s se e sh al l n ot do or pe rmit t o b e d on e an y act w hich ma y ren de r t h e L e ss or ’ s in s ur ance of t he Pr emi se s ag ain st risk of l os s o r dam ag e at t ribut e d t o an y of t he cla u s es in s ure d agai n st w h i ch ma y in crea s e t he rat e of pr emi u m pa y able b y t h e L e ss o r i n r esp ect of t he P re mis es w it h r ega rd t o s uch i n s ur an ce . 17 .2 Th e Le s se e sh al l be r esp on sibl e f or i ns u rin g hi s p er s onal p ro p e rt y b r o ug ht ont o t h e Pr emi se s . Th e Le s s or sh all n ot b e re sp on si b l e f or an y l o ss , t he ft or da mag e t o t h e Le s se e’ s p ro p e rt y , r eg ardl e ss of h ow s uch l o s s , t h e ft o r dam ag e i s ca us ed . 18 . N UI S A NC E Th e Le s se e sh al l n ot act , n or pe rmit an y act , in r el at ion t o t he Pr emi se s w h i c h m a y b e a s o u rce of ann o yan ce o r n ui sa nce or ca us e dam age or di s t urba nce t o t he oc c upa nt s o f a n y n ei gh b o u ri n g p r emi s es o r p r ope rt ie s . 19 . I NS P EC TI O N OF PR EM IS E S D UR I NG T H E L E A SE P ER IO D Th e Le s so r sh al l , at al l re as on able t i me s d uri ng t h e l eas e P eri o d an d w i t h p ri o r a rra n ge me n t w it h t he L e ss ee be ent it led t o hav e ac ces s t o an d i n sp ect t h e p r emi se s . 20 . COM PL I A NC E WI T H L AW S A ND RUL E S 20 .1 Th e Le s se e sh al l at al l t ime s f or t h e d u rat i on o f t h e Le as e Pe ri o d ob s erv e and co mpl y w it h all appli cable law s , st at ua r y , m un i ci p al , ot h e r b y - l aw s an d re g ulat ion s . Wh er e a pplicabl e , t h e H o us e R ul e s in re lat ion t o t he c ont r ol , man ag em ent , admi n i st rat i on , us e a nd e nj o ym ent of t he Pr emi se s ar e an n ex ed h e ret o . 20 .2 Th e Le s se e sh al l at al l t ime f or t he d urat i o n o f t h e Le as e p eri od , ob s erv e and co mpl y w it h t he r ul e s a nd re g ulat io ns w h ere ap p l i c ab l e an d at t ache d h er et o . 21 . L ES SO R ’S M A I NT E N A N CE O BL I G AT IO N S Th e Le s so r sh al l at h i s c ost k ee p an d main t ain in g o o d or de r a nd con di t i on , fai r w ea r and t e ar acc ept ed , t he ext eri or of t h e Pr emi se s , w h i ch sh al l i ncl ud e t he r o o f , g u t t ers a nd dra in pip e s o f t h e P re mi s e s , b ut ex cl u de t he w ind ow s a nd d o o rs of t he Pr em ise s , w i t h t h e exc ep t i on o f g ene ral mai nt enan ce . 22 . SU BL ETT I NG , C ES S IO N A ND A SS IG N ME N T Th e Le s se e sh al l n ot b e ent it led t o c ed e or a ssi gn t hi s L eas e Ag r e em en t , n o r s ub l et t he p re mis e s , no r part w it h p os s es si on of t he p re mi s es , n o r p l ace any p er s on in occ up at ion o f t he pr emi s es , or an y p ort i on t h er eo f , w it hout t he pri o r w rit t en c on sent o f t he L es s or . 23 . RE N EW AL P ER IO D Th e Le s se e m a y a p p l y t o t h e Le s s or , in w ri t ing , f o r t he Lea s e P eri od t o b e r en ew ed , p r o vi ded s u ch w rit t en ap plicat ion i s r ec eiv ed at l east 2 (t w o ) c al en d ar mo nt hs pri or t o t he Ren ew al Pe ri od . Any ren ew al of t h e Ag r e eme nt w ill be ent ir el y at t he L es s or ’ s di sc ret io n an d on t h e t e rm s t o b e n eg ot iat ed bet w een t he L es se e and t he Le s s or w h i c h t er m s s h o ul d b e r ed u ced t o w rit ing . 24 . I ND EM N IT Y Th e Le s se e h er eb y i n dem nifi es t he L es s or fo r a n y l o ss or da ma ge t o p ro p e rt y o r i n j ur y t o p er s on s s uf fe red on t he Pr emi se s as a re s u lt of an y act o r omi s si on b y t he L es s or or it s se rvant s or ag ent s . 25 . DE ST R UCT IO N O R D A MA GE 25 .1 Sh o ul d t h e Pr emi s es at an y t im e d urin g t h e Lea s e Pe ri od be de st ro y ed or b e s o d amag ed , b y w hat ev er ca u se , a s t o dep ri v e t h e L e ss ee o f t he ben efi cial u s e of t he P re mis es , t he n t h i s Ag re em en t s hall t erminat e , and ea ch part y shall r emai n l i ab l e f or i t s ob l i gat i on s in t er ms of t he a gre em ent up t o t h e dat e o f s uch t ermi na t ion b ut , s av e fo r t he af or e said an d s ub j ect t o cl a u se 2 5 .5 b el ow , n eit her P art y havi ng an y f urt he r cl ai m agai n st t h e ot her . 25 .2 I n t h e ev en t h ow e ve r of t he Pr emi s es bei ng onl y part iall y dama ge d b y an y ca u se af o re sai d , t h en t his Ag r ee ment shall con t i n u e i n f or ce an d e ff ect an d t h e Le s s or s hall , a s s o on a s i s rea s on ab l y p o ssi bl e , rep air s uc h d ama ge . Th e Le s se e shall b e en t i t l ed t o a r ed u ct ion o f rent d urin g t he p eri od in w hi ch t h e P re mi s e s a re n ot w holl y s uit able f o r o cc upat io n . I f agr ee men t c an n ot b e r each ed , t he Part i es sh all a gr ee on a n i n dep en d en t t h i r d p art y t o de cid e up on s uch re d uct i on . 25 .3 N ot w i t h st an di n g t he pro vi si ons of cla u se 25 .2 , t he L es s ee sh all i n t h e ev en t of t he Pr emi se s b ein g onl y s o part iall y dam ag ed , con t i n u e t o p a y t he fu ll a m o unt of re nt u nt il s uch t ime a s t he red u ct i on of re n t is d et ermi ne d b y t he L es s or . 25 .4 Af t er t h e a m o un t of t he r ed uc ed re nt ha s be en det e rmin ed , t h e L e ss o r sh al l cr edi t t he L e ss ee w it h s uc h am o unt as t he Le s se e ma y h av e p ai d in ex ce ss of t he re du ce d r ent . 25 .5 Th e p r o vi si on s of cla u se 2 5 .1 ab o ve s ha ll not p rej u dic e an y cl ai m w h i c h t h e Le ss or ma y ha ve ag ain st t he Le s se e w he re an y d est r u ct i on of o r da mag e t o t he P re mis es i s ca u s ed b y t h e act or n egl i g enc e of t he L es s ee o r o f any p er s on w h os e act i on t h e L es se e sh all be r es po nsi ble f or . 26 . OUT GO I NG I N S P ECT I ON 26 .1 Th e Le s so r an d t he L es se e shall , on t he t e rminat i on o f t hi s Ag r e em en t j oi n t l y in s pect t he P re mis es f o r an y dam ag e t h eret o at a p re - a rra nged t ime on t h e la s t da y of t he L ea se as p er t h e man dat or y i nsp ect i on re fe rre d t o in t he R ent al Ho u si n g Act 50 o f 19 99 . 26 .2 Th e Le s se e sh al l en s u re t hat t h e Pre mi se s shall be va cant at t h e t i me of s uc h in sp ect ion . 26 .3 Th e ca rp et s w i l l b e c leane d b y a re p ut ab le ca rp et cle aning co mp an y up on vac a t ing . Thi s c ost i s t o b orn e b y t he L e ss ee . Sh o ul d t h e L es s ee h o u se an y pet at t h e p r op ert y d u ring t he cu rr en c y o f t h i s Le as e t he Age nt sh all h a ve t h e p r ope rt y p ro fe s si on al l y f u miga t ed at t he Le ss ee ’ s e xpen se . 27 . RE P A Y ME N T OF D E PO SI T 27 .1 Sh o ul d n o a m o unt s b e ow ing b y t he L e ss e e t o t he L es s or ei t h er f or m on i e s o w ing an d un paid in t e r ms of t hi s Ag r e em en t , o r fo r t h e c o st s o r repai r in t erm s o f cla u se 26 .3 , t h en t h e L es s or shall pay t he f ull am o unt of t he de po sit pl u s an y i n t er e st t h er e on t o t he L e ss ee w it hin 7 (s e ven ) d a ys aft er t h e t er mi n at i on o f t hi s Ag re em ent . 27 .2 Sh o ul d t h e L es s or d e du ct t he rea s ona ble co st of r epairi ng dama ge ca u se d t o t he Pr emi se s o r a n y m oni es ow ing b y t he Le s se e i n t er ms of t his Ag re em ent fr om t he d ep o sit , t he L e ss o r sh al l p a y t h e b alanc e of t he dep o sit (i f a ny ) an d t he int er est t h ere on t o t h e Le s se e n o l at er t han 14 (f o urt e en ) da y s aft e r t h e r est orat i on o f t h e Pre mi se s t o t he Le s s or . 27 .3 Sh o ul d t h e L es s ee fai l t o at t end t he O ut g oing I nsp ect io n a s con t e mp l at e d i n Cla u se 2 6 , t h e Le s s or sh all , on t er minat i on of t h e Agr ee me n t , in sp ect t he Pr emi s es w it hin s ev en (7 ) da y s fr om t h e t e rmi n at ion dat e in ord er t o a ss e ss an y da mag e s or l o ss w h i ch oc c urr ed du ring t he L ea se P eri od . Wit h o ut det ract i n g f r om an y ot he r ri ght or r em ed y w hic h t he L e ss o r ma y b e en t i t l ed t o i n t erm s o f t hi s Ag re em ent , t he Le ss o r ma y ded u ct fr o m t h e Le s s ee ’s d ep osit and int ere st , t h e rea s on ab l e co st o f r epairi ng da mag e t o t he P re mis e s an d t he co st of r ep l aci n g l o st ke y s . The bal anc e of t he de po sit (a nd i n t ere st t h er e on ) sh a ll be re f un ded t o t he L es s ee b y t he Le s s or n o l at e r t han t w ent y on e (2 1 ) d a ys aft er t he t ermi n at i on . 27 .4 At t h e r eq ue st of t he L es s ee , t he L e ss o r sh all ma ke all rec ei p t s /i n voi ce s w hi ch indi cat e t h e c o st of t he re pair s eff ect e d i n t er ms of cla us es 2 7 .2 a nd 27 . 3 h ere in a vaila ble t o t h e L e ss ee f o r i n spe c t i on a s pr o of of t he c o st s in c urr ed b y t h e Le s s or . 28 . TE RM I N AT IO N 28 .1 Th e Le s se e sh al l n ot be ent it led t o t e rmin at e t his Agr ee me nt b ef or e t h e i n i t i al lea se pe ri od . I n t he e v ent of t h e Le s s or and Le s se e a gr eei n g on earl y t er minat i on t he L es s ee w ill be ch arg ed a can c ellat ion fe e o f b al an c e of t h e L ea s e Peri o d . 28 .2 Th e Le s so r sh al l b e e nt it led t o t er minat e t his Ag r ee ment on 3 (t h r ee ) m on t h s w rit t e n n ot ice t o t he Le s se e . 29 . I NT ER E ST I n t erest sh al l acc r ue on an y o ut st an ding pay me nt s d ue b y t h e Le s se e t o t h e L e ss o r i n t er ms of t hi s agr ee ment , at t he rat e o f 2% p er m on t h c o mp o un ded m ont hl y in a dv a nce , f r om t h e d ue d at e t o t h e dat e of act ual p ay ment . 30 . BR E AC H 30 .1 Sh o ul d an y am o unt pay able b y t h e Le s s ee her e un der n ot b e p ai d on d u e dat e o r sh o uld t he L es se e co mmit an y br eac h of % pl us V AT o n t he an y ot h er p r o vi sio n o f t his Ag re em ent an d sh o ul d s uch am o un t n ot b e pai d or br each n ot b e r e medi ed , a s t he c as e ma y b e , w i t h i n 7 (s ev en ) da y s of r ecei pt o f w rit t en n ot ic e fr om t h e L es s or r eq ui ring t h e Le s se e t o m ake s uch pa y ment o r t o r em ed y s u ch b rea ch , t he Le s so r shall b e e nt it led t o ca ncel t h i s Ag re em en t b y n ot ice gi ven t o t he L e ss ee t o s u ch ef fect . S uch can cel l at i on t o be w it h o ut pr ej ud ic e t o an y clai m t hat t h e L e ss o r ma y h av e fo r a n y a rr ear r ent al or s u ch dam ag e or co st w h i ch t h e Le s s o r m a y s uf fe r b y re as o n o f s uch br eac h an d / or can c el l at i on . 30 .2 I n t h e ev en t of t he L es s or can celin g t his Le as e w it hin hi s right s an d i n t h e ev en t o f t he Le s se e disp ut in g t he ri ght t o ca ncel an d re mai n i n oc c up at ion o f t he P re mi se s , t he L es s ee sh all , p en di n g set t l e ment of s u ch dis p ut e eit he r b y neg ot iat i on , l i t i gat i on o r b y d et er minat io n of t he R ent al Trib un al est ab l i sh ed u n de r S e ct ion 7 o f t he Rent al Ho u sing Act , con t i n u e t o p a y an am o unt eq u ival ent t o t h e r ent p ro vid ed fo r i n t h i s Agr ee me nt and s hall c o nt inu e t o p a y , o n d u e dat e an y ot h er a mo u nt s f or w hich h e i s re sp on sible an d shall n ot in an y w a y ef fect t h e L es s or ’s clai m f or can cellat i on . 30 .3 Sh o ul d t h e di sp ut e b e d et er mine d in f av o ur of t he L es s or , p ay me n t ma de an d rec eiv ed in t e rm s o f cla us e 30 .2 ab ov e , sh al l b e d ee med t o be a m o unt s paid b y t he L e ss ee on acc o un t of da mag e s s u ff ere d b y t he L e ss or b ut w it ho ut p rej u di c e t o an y ot her claim w hich t h e L es s or ma y ha ve agai n st t h e L es s ee f o r da ma ge s o r ot he rw ise . Sh o ul d t he di sp ut e b e d et er min ed i n f av o u r of t he L es se e , pa y ment s mad e a n d re cei ved by t he L es s or in t e rm s of cla u s e 30 .2 sh all b e de em ed t o b e on acc o unt o f t he r ent pay able b y t h e Le s se e i n t er ms of t his Ag re em ent . 30 .4 An y n ot i ce w h i c h t h e Le s s or req ui re s t o g ive t o t h e Le s se e , sh al l b e d ee med t o have b een vali dl y gi ven , i f sent b y p rep ai d re gi st e re d m ail t o t he L es se e at t he p r ope rt y , or le ft b y t h e L es s or or his Agent at s uch ad dr es s , w hich not ic e shall b e de em ed t o h av e been r ecei ve d 4 da y s a ft er t he po st i ng b y r egi st er ed mail , o r on t h e d a y t he n ot ice w a s deli ver ed b y h an d . 31 . CO NS E NT T O M AG IS T R AT E’ S CO U RT J UR I SD ICT IO N Th e Le s se e c on se n t s t o t he j uri sdi ct ion of any M agi st rat e ’ s C o urt w i t h juri s di ct i on un d er se ct ion 2 8 o f t he M agist r at e’ s C o u rt Act 19 44 , i n re gar d t o a n y l eg al p r oce edin gs i nst it ut e d b y t he Le s s or in con n ect i on w i t h t h i s agr ee ment p r ovi de d t hat t he Le s s or sh all be en t i t l ed t o i n st i t ut e s uch pr o ce edin gs in t he Hi gh C o u rt . 32 . L EG AL CO ST S Sh o ul d t h e L es s or h a ve t o t ak e l egal act i on ag ai nst t he Le s se e t o en f or ce i t s ob l i gat i o n s in t er m s of t his Ag ree me nt , t he L e ss ee shall p ay al l l e gal c o st s , i n clu ding c oll ect ion co mmi s sio n inc u rr ed by t he Le s s or on an at t or n e y and ow n cli ent s ca le . 33 . NO V AR I AT IO N N o vari at i on of , or a ddit io n or ag re ed ca ncellat i on t o t hi s Ag r e em en t sh al l b e of an y f or ce or ef fe c t unl es s it i s re d uc ed t o w ri t i n g an d si gn ed b y o r on beh alf of t h e Pa rt ie s . 34 . I ND UL G E NC E S N o rel a xat i on , i n d ul g ence or c onc es si on grant e d b y t he L es s o r in re sp e ct o f an y o f h i s obli gat ion s he re un d er shall c on st it ut e a n o vat i o n of an y p art o f t hi s Ag re em ent n or ot herw i se pr ej udic e , der o gat e fr o m , o r a f fect , an y right s w hic h t he L es s or ma y ha v e agai n st t h e L es s ee . 35 . GE N ER AL Sh o ul d t w o o r m o re p er s on s sign t his Ag r eem ent o f Le as e a s L es s or s or Le ss ee s , t h e sa i d p er s on s shall be j oint ly and s ev er all y lia bl e in s ol i d u m f o r t h e d u e p er fo rm anc e of t he Le s se es or L e ss or s ob l i gat i on s , a s t h e c ase m a y b e , in t e rm s o f t hi s Le as e . 36 . COS TS Th e Le s se e sh al l b e l i able f or t he c o st s of pre p arat i on o f t hi s Ag r e em en t an d st am p d ut y pa y able t her eo n , w hic h shall be paid i n adva n ce on t h e d at e of si gnat ur e h er e of . Th e Ag ent shall pr o vide t h e L e ss ee w i t h a b r eakd ow n o f s uch c o s t s an d ch arg e s fo r w hich t h e L e ss ee w i l l b e l i a b l e d urin g t he pe ri o d of t his L ea se . 37 . AC CE P T A NC E Th e Le s so r an d t h e L es se e ackn ow le dge t hat t hey ha ve re ad and un der st o od t h e c on t ent s o f t hi s Ag re em e nt o f Le as e , and t hat all q u eri es r el at i n g t h er et o hav e b ee n r ais e d w it h and e xplain e d t o t h em b y t h e Ag en t . 38 . S PE CI AL C O ND IT IO N S SI G NE D B Y THE LE S S O R AT THI S D AY OF 20 06 . ON LE S SO R WI T NE SS SI G NE D B Y THE LE S SE E AT THI S D AY OF 20 06 . ON LE S SO R WI T NE SS