Property lease contract, as the name depicts, is commenced between the owner of the property and the lessee party whereas the renter or lessee party is interested to hire the property for some particular duration. The purpose of the property lease contract can be either official or personal.
Sample Property Lease Contract:
Contract number: 67/ PL
Date: December 24th, 2010
This property lease contract is created and committed between Mr. James Watson, Address: House No: 56, Law Read Near Cathedral Church, Toronto, Canada, hereinafter called as the property owner, AND, Mr. Charles Ford, located at: House No: 45, Spencer road, Villa Hills, Toronto, Canada, hereinafter referred as the lessee party.
Whereas, the property owner is ready to lease his property for a year and the lessee party is agreed to lease the property for commercial purpose.
The contract is effective from December 26th, 2010 and is terminating on 26th, 2011.
Details of the property:
Type of property: A storage place of 350x200X35 ft.
Registration number of property: 6866069 KLM
Following mentioned covenants are committed between both the parties:
Property owner’s responsibility:
Property owner party will maintain the records of all received amounts.
Lessee party duties:
The lessee party will make the payment on time and collect the receipt for the paid amounts from the property owner party. The lessee party will be held responsible in any kind of damage to the property noticed during the contract.
As promised, the lessee party has already paid $ 4560 as advance and the monthly rental of $ 1000 will be paid on 2nd of every month, whereas the contract fee will be shared by both the parties.
The termination clause will be true in case if any disagreement or any legal problem is occurred due to any of the parties.
Validation of the contract:
Signature of the property owner party:
Signature of the lessee party: