عقد إيجار شقة Appartment Rental Agreement

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PURSUANT TO THE PROVISIONS OF LAW NO. 4 OF THE YEAR 1996

This Agreement is made and entered into this _____ corresponding to / / 200__of the year
By and Between:

First: Mr. ______________nationality __________herein represented by Mr. Tarik in his capacity as the attorney of the Lessor who has the power of proxy,
Residing at_____________________
(First Party - Lessor)

Second: Mr.________________________ nationality_______ passport No_____
Residing at ___________________
(Second Party - Lessee)

Preamble

The First Party (the Lessor) owns the dwelling unit No. ………. located in Neama Bay, Sharm El-Shaikh city of the governorate of South Sinai and the Lessee desires to lease said dwelling unit for use as private dwelling. The Lessee may not change the activity of said unit except by an explicit written consent of the Lessor. The Lessor has hereby agreed to lease the unit pursuant to the following provisions


Clause 1

The aforesaid preamble shall be deemed an integral part of this contract and supplementary and construction to all clauses herein set forth.


Clause 2
The First Party, the Lessor has hereby let to the Second Party and the Second Party has hereby leased from the Lessor the dwelling unit which features are indicated in the preamble during the term of ……………commencing on ../../200.. and ending on ../../200.. not renewable except by a new agreement and convenient. If the Lessor desires to terminate the contract before expiration thereof the Lessor shall bear the whole rental value for the full term of the Agreement herein set forth.

Clause 3

Both parties hereto have hereby agreed that the rental value of the dwelling unit subject to this Agreement shall be of the sum of L.E…………… (only ………..Egyptian Pounds) to be paid monthly and shall increase by.,..% per annum at the beginning of the second year. Both parties hereto have hereby agreed that the Lessee shall pay the rent at the beginning of every and each month against a payment receipt besides the expenses of maintenance done in the premises which shall be paid for by the Lessee including plumbing maintenance, electricity and general sanitation works. The Second Party, the Lessee has paid the sum of L.E ……………………….(only …………….Egyptian Pounds) equivalent to two-month rent as security deposit and the Second Party has also paid the sum of L.E………….(only ………………Egyptian Pounds) as rental value of the month of …….., 200.. The security deposit shall be returned to the Lessee upon the expiration of the Agreement after surrendering the premises subject to this Agreement to the First Party in the same condition as was received by the Lessee at the beginning of the Rental Agreement. The Lessor's signature herein shall be deemed acknowledgment of receipt of the security deposit and the rental value of the month of …….., 2009.


Clause 4

In the event of any default by the Lessee to pay the rent in due date, the Lessee shall be obliged to pay a delay penalty amounting to 2% of the value of the rent due for the month of late payment. The first day of each month in which the Lessee is obliged to pay the rent shall be deemed the date of payment and from the following day begins the calculation of the delay penalty. If the duration of delay increased more than two months, this Agreement shall be rescindable without need to notice or warning and the Lessor is entitled to claim compensation for the Lessee's breach of contractual obligations thereof.


Clause 5
The Rental Agreement shall be rescindable without excuses or taking judicial process in any of the following cases:
· If the Lessee fails to pay the agreed rent within the first ten days of each month
· Assignment of rent or subletting without the consent of the Lessor
· The declaration of bankruptcy or insolvency of the Lessee, in this case the leased premises shall not be included in the bankrupt's estate or in the general guarantee of creditors

The Rental Agreement shall be rescinded in the event of failure of the Second Party to fulfill any of the obligations herein set forth without taking serious actions to remove such breach within fifteen days of being notified to remove such breach without prejudice to the right of the First Party to claim compensation if any.

The rescission shall happen by a certified mail, return receipt requested sent to the Second Party containing the rescission and that the Agreement is deemed as rescinded without need to notice or warning or a court ruling.


Upon the expiration of this Agreement according to the aforementioned or the failure of the Second Party to pay the due rent, the Second Party shall quit the leased unit subject to this Agreement within fifteen days of being notified to quit said unit and the First Party shall be entitled to take all legal measures to ensure that.


Clause 6

Second Party must declare that Second Party has undertaken proper inspection of the leased premises and has accepted to lease as is and acknowledges that the dwelling unit fits for the purpose for which it was leased and undertakes to use the unit as what is designated for.


Clause 7

the Lessee shall herby undertake to pay any taxes, fees, breaches, compensations or expenses connected to or resulting from the use of the dwelling unit subject to this Agreement from the date of signing this Agreement and the Lessor shall not bear none of them.

Clause 8

The Lessee shall not totally or partially assign or sublet whatsoever the dwelling unit subject to this Agreement without the explicit written consent of the Lessor and in the event of doing same without obtaining explicit written consent of the Lessor, this Agreement shall be deemed rescindable without need to notice or warning or legal proceedings.

Clause 9

The Second Party shall not make any adjustments in the dwelling unit except by a written consent of the Lessor to do so and if the Second Party violates same this Agreement shall be rescindable. The Second Party shall be entitled to make decorations and to put air conditioning devices provided that same do not affect the integrity of the premises which includes the dwelling unit subject to this Agreement and Second Party shall hereby undertake to make same in conformity with technical principles provided that the Lessee shall bear all costs and expenses and liabilities arising therefrom.


Clause 10
If the Lessee breaches any of the provisions herein set forth, this Agreement shall be rescindable without need to notice or warning and the Lessee shall pay the whole due rent for the remainder term.

Clause 11

Any dispute arising upon the implementation of this Agreement shall fall within the jurisdiction of South Sinai Court for Urgent Cases. Parties hereto shall hereby waive all levels of litigation provided that the judgment pronounced by the Court for Urgent Cases shall be definitive and final.

Clause 12

The address indicated next to the name of each party shall be deemed the address for service thereof in all correspondences connected to this Agreement.


Clause 13

Executed in duplicate, one copy per each party for necessary action


First Party (Lessor)
Second Party (Lessee)

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