LEASE AGREEMENT
This Lease is entered into on _____________________between, Ignace Ingabire
(herein after referred to as “the Landlord”) and GHG Holdings Corporation
(hereinafter referred to as “the Tenant”).
The Landlord hereby leases to the Tenant, and the Tenant hereby leases from the
Landlord the storage space under the following terms and conditions: –
1. Premises.
The premise to be leased is a residential house located
_________________________.
2. Term.
The Premise will be leased out to the Tenant for 12 months with the option of an
extension for an additional 12 months.
3. Rent.
The Tenant shall pay the Landlord a rent of $500 per month with 6 months’ advance
rent payable in advance upon signing this lease agreement.
The rent shall be paid on the __ days of every month after the initial 6 months have
lapsed.
It is hereby understood between the parties that The rent payable for the first month
of the lease will be $500 since part of the property is rented out to another party.
However, the landlord has agreed and undertaken to terminate the contract with the
current occupant, and once the occupant of that annex is gone, the tenant will have
the entire premises, and the rent will increase to $800 per month (from the start of
the second month).
4. Use of Property.
The Tenant agrees that they will use the property for lawful purposes only for the
agreed-upon purposes in this agreement.
The property shall not be leased out to any third parties without the expressed
written permission of the Landlord.
5. Possession.
The Landlord promises to place the Tenant in peaceful possession of the premises.
By the Tenant taking possession of the Premises, they have acknowledged that the
Premises is in satisfactory and acceptable condition.
Parties agree that the landlord will have no access to the Premises but only on
appointments and if needed with authorization from the Tenant.
In the event of an emergency or a force majeure event that instigates the Landlord to
enter the premises, the Landlord must inform the Tenant of the intent one month
prior clearly stating the reasons which should be legitimate and reasonable.
6. Condition.
The Tenant acknowledges accepting the Storage space in its “as is” condition. The
tenant further admits that it has thoroughly inspected the Storage space and found it
in good order.
7. Maintenance & Repairs.
The Landlord will be responsible for paying for the Landscape, snow plowing,
parking lot and sidewalk, building insurance, utilities, water, and taxes. Also,
anything that needs service such as building maintenance, HVAC fixing, roof leak,
and replacement and maintenance and fixing.
8. Renovations.
The landlord hereby gives the authorization and agrees for the Tenant to make any
renovation that is deemed fit and in line with the Tenant’s requirements which
include but are not limited to erecting/building a storage facility on the premises,
which entails removing the existing loan, trees, shrubs, and part of the concrete.
The property is a residential house, and the Landlord gives the authorization to
convert part of the property into a warehouse and convert the bedrooms, family
rooms, etc., into an office by fixing office equipment, etc.
Parties agree that the tenant will cover the cost of all the above renovations.
9. Guarantees.
The Landlord Guarantees that they are the Owners of the premises, and it is free of
any outstanding property tax, utility bills, or any other taxes or claims from any third
parties.
The Landlord Guarantees that the premise has full functional utilities (water,
electricity, sewer) and that all the plugs and water taps/faucets are in good working
condition.
10. Termination.
Either party to this agreement may terminate the terms herein for any reason by
issuing a 30 days’ prior written notice to the other party.
11. Governing Law.
This Agreement shall be governed by and construed by the laws of the state of
Florida.
12. Waiver.
No waiver by either party of any default shall be deemed a waiver of prior or
subsequent default of the same of other provisions of this Agreement.
13. Severability.
Suppose a court of competent jurisdiction holds any term, clause, or provision hereof
is invalid or unenforceable. In that case, such invalidity shall not affect the validity or
operation of any other term, clause, or provision, and such invalid term, clause, or
provision shall be deemed severed from the Agreement.
14. Entire Agreement.
This Lease agreement constitutes the parties’ entire agreement concerning the
subject matter of the agreement. It supersedes and cancels any previous
representations, agreements, understandings, or arrangements (whether written or
oral) between the parties.
By signing below, the parties hereby agree to be bound by the terms of this
agreement with one another.
By Ignace Ingabire: –
Designation: Landlord
Signature:
___________________________
Date:
_______________________________
Email Address:
______________________
The duly authorized representative of
GHG Holdings Corporation: –
Name: __________________________
Designation: _____________________
Signature: _______________________
Date: ___________________________
Email Address: __________________
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