Property Lease Agreement
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This agreement ("Agreement") is between Brossin Bruno, henceforth known as "Landlord," and Jasmin Corp., henceforth known as "Renter," and is executed on 29th day of June, 2016 and the agreement will became in force from 1st day of July, 2016.
Both parties agree that Renter will rent the property at 00 Xxx Xxxxxxxxx Xxxx 00000 Xxxxxxx, Xxxxxx henceforth known as "Property," for the period beginning the date listed above, and ending on 1st day of July, 2017.
Both parties further agree to the following provisions:
SECTION 1
DEPOSIT
No rent deposit is anticipated.
SECTION 2
RENT
Renter agrees to pay Landlord rent in the amount of $ 310 every month on or by the end of every month, until this Agreement expires. Renter has paid $ 1,860 for first six month from the time this Agreement come in to force and year amount is $ 3,720. Payment method must be wire transfer.
SECTION 3
UTILITIES
All utilities, including, but not limited to, water, power, gas, sewage, cable, and telephone, are the responsibility of Renter.
SECTION 4
ALTERATIONS AND IMPROVEMENTS
Renter will be allowed to make alterations and improvements to the Property upon the signing of this Agreement, provided that Landlord has approved the alterations and improvements. All alterations and improvements will be done at Renter's expense, and Renter is required to procure any insurance necessary for the alteration process, as well as for any personal property involved in or created by the process. Renter shall not be required to return Property to its original condition upon the expiration of this Agreement.
SECTION 5
REPAIRS
Any repairs necessary to make Property inhabitable, according to the laws of France, by Renter shall be the Landlord's responsibility. Repairs resulting from Renter's use of Property, including any damage incurred during move-in or remodel, shall by the responsibility of the Renter.
SECTION 6
SUBLETTING
Renter will not be permitted to sublet the Property.
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SECTION 7
ILLEGAL ACTIVITY
Renter agrees to abide by the laws of France, and refrain from conducting any illegal business and/or activity at the Property. Should illegal activity be discovered, Landlord reserves the right to terminate this Agreement and retain any deposit in full.
SECTION 8
TAXES
Property taxes on the building and/or any land associated with the Property shall be the responsibility of the Landlord. Renter is responsible for any applicable taxes on its personal property, including, but not limited to, fixtures, equipment, goods, etc.
SECTION 9
AGREEMENT RENEWAL
Renter may renew this Agreement by providing a request in writing or oral request, to the Landlord at least 30 days prior to the expiration of the current Agreement. Landlord reserves the right to refuse a renewal, provided he gives Renter 30 days’ notice.
Signed by:
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Renter Printed Name /a/ Xxxx-Xxxx Chavanaz Renter Signature
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Brossin Bruno
Landlord Printed Name /s/ Brossin Bruno Landlord Signature
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