Tennacy

TENANCY AGREEMENT PLOT NO… DEDZA THIS LEASE is made effective the ……………day of ……………………., 2013 BETWEEN

R.R. Chinangwa with a mailing address of P.O. BOX 30095, LILONGWE 3 (hereinafter

“the Leaser”, which expression shall, where the context so admits, include his personal representatives and assignees) of the one part; AND …………………………….with a mailing address of P.O. Box………………………… (Hereinafter called “the Lessee”, which expression shall, where the context so admits, include her personal representatives and assignees) of the other part. WITNESSETH AS FOLLOWS: 1. a) TERM AND RENT The Leaser as beneficial owner hereby leases to the Lessee Premises situated in Dedza, Plot No 561 (Hereinafter referred to as the “Demised Premises”) for a term of one (1) year (“the Initial Term”) commencing on ……….., 2013,and terminating on …………………………., 2014, renewable upon mutual agreement between both parties on a yearly basis. If the Lessee shall be desirous of renewing the present lease beyond the Initial Term, it shall deliver to the Leaser notice of its said intention in writing not less than one (1) calendar month before the expiration of the Initial Term. In such event and provided that the Lessee is not in breach of any of its obligations under this lease agreement, the Leaser shall renew the present lease for a further term (“Extended Term”), to commence upon the expiration of the Initial Term, on such terms and conditions as set forth in this lease for the Initial Term. This Contract of Lease may be terminated by Leaser or Lessee so long as a notice of termination is given by either in writing one month prior to its expiry. The rent for the Initial Term of the lease shall be ………………………..(…………….. only) per month. The rent shall be payable three (3) months in advance. A deposit of the equivalent of one month rental shall be paid in advance as surety in cases of any property damage during stay of the tenant or when ending lease and shall be refunded to the Lessee upon the termination...