Exhibit 10.1
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LEASE AGREEMENT
THIS AGREEMENT made the 27th day of June, 2002.
BETWEEN: Retail Xxxxxxx.xxx, Inc., (hereinafter referred to as "the Tenant"
AND: Mr. and Xxx. X. Xxxxxx (hereinafter referred to as "the Landlord")
whose Address is 000 Xxxxxxxxxxxx Xx. Xxxxxxx, XX X0X 0X0.
1. The rental premise is a unit in a fourplex, located at Xxxxx 0,
000 Xxxxxxxxxxxx Xxxx, Xxxxxxx, Xxxxxxx, X0X 0X0.
2. The term of this Agreement shall be a fixed term tenancy, which
shall begin on July 1, 2002, and end on June 30, 2003.
3. The rental shall be $1250.00 per month. The first month's rent
shall be payable on July 1, 2002. The Tenant agrees to deposit
with the Landlord at the time of execution hereof, the sum of
$1250.00 to be applied as prepaid rent toward the last month's
rent for the term of the agreement, and the landlord agrees to pay
interest annually on such prepaid rent at the rate of 6% per
annum.
4. Schedule "A", of one page, attached hereto forms part of the Lease
Agreement.
5. There will be a maximum of two persons occupying the rental
premises.
6. Except for casual guests, no other persons shall occupy the
premises without the written consent of the Landlord.
7. (i) The Tenant agrees to pay for the following utilities:
a) Electricity
b) 30% of the total building heating costs
c) Cable Television
The Landlord shall pay water costs.
(ii) The Landlord will supply and maintain in working order the
refrigerator and stove. The Tenant shall be responsible for the hot water heater
in the premises.
The Tenant, having inspected the premises agrees that the apartment and
appliances provided are in clean condition and agrees to leave both in the same
clean condition at the tenant's own expenses. The tenant agrees to take out its
own garbage on Monday evening for Tuesday pickup.
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THIS DOCUMENT is intended to be a complete record of the rental agreement. Both
parties are to have a complete copy of this agreement. All promises and
agreements must be included herein in writing and agreed to by both parties or
they are not enforceable.
s/X. Xxxxxx s/X. Xxxxxx XxxxxxXxxxxxx.xxx, Inc.
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Landlord or Landlord's Agent
By: s/Xxxxxxx X. Xxxxxx
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Tenant(s)
June 27/02 June 27/02
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Date Date
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