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Lease Agreement
Lease Agreement
Lease Agreement
This Agreement is executed and made effective on 9 May 2022 by and between the parties, both of legal
age:
Lessor Lessee
The Lessor is the owner and makes available for lease the property with all the improvements, its
accessions and accessories, located at XXX
The Lessor offers the Premises to the Lessee for lease, and the Lessee desires to lease the Premises from
the Lessor for the term, and upon the covenants, conditions, and provisions herein set forth;
WHEREFORE, for and in consideration of the forgoing premises, the parties agree to as follows:
1 Terms
The Lessor hereby leases the Premises to the Lessee for a minimum period of 3 years , beginning Tuesday,
May 10, 2022 until Saturday, May 10, 2025 at the amount of RM1500 paid every 1st of very month.
The Lessee may renew the contract for 3 years after the expiration of this Contract and may exercise such
option by notice to the Lessor, 30 days prior to the expiration of the Contract.
The Lessee shall pay a Security Deposit of RM3000 to the Lessor upon effectivity of this Agreement and
may receive refund of said deposit upon expiration of this Agreement if said security deposit was not used.
2 Use of Premises
Lessee shall use the Leased Premises exclusively for commercial purposes only. Moreover, the Leased
Premises shall not be used for the purposes of storing, manufacturing or selling chemicals, explosives,
flammables, or other dangerous substance or device without the consent of the Lessor.
5 Judicial Action
Any action arising from or brought under this Agreement shall be filed with the proper courts of New York
City, to the exclusion of all other venues that are hereby expressly and willingly waived by the parties. In
case of an action or suit filed by any of the parties hereto due to breach or violation of any of the ters and
conditions of this Agreement, the parties agree that the aggrieved party shall be paid a sum equivalent to
twenty (20%) percent of the total sum awarded but in no case less than $20,000.00 as and by way of
attorney's fees, plus the cost of suit and collection of litigation expenses as may be proven in said action
and adjudged by the court.