Align Technology Inc. Contracts
Sample Business Contracts
Pakistan-Lahore-Bhallah House Lease - Saadia Khawar Khan Christo and Align Technology Pakistan
Lease Forms
- Start a state-specific lease for the rental of commercial property. Specify the term and rent due, as well as whether the landlord or tenant is responsible for property taxes, insurance, and maintenance and repairs.
- When a tenant vacates commercial property before the lease term has expired, it may be able to rent the premises to a third party. The tenant would be the sublessor and the third party would be the sublessee. Besides preparing a sublease, both parties will want to review the provisions for assignment or subletting in the original lease agreement between the landlord and the sublessor.
- Tenants of residential property should prepare a sublease agreement if they are seeking to sublease a room or the entire apartment or house to a third party. All parties should review the original lease agreement to see if there are any restrictions on subletting or assigning the premises.
- Triple net leases are a type of commercial leases where the tenant has to pay for property taxes, insurance, utilities, and maintenance, in addition to the monthly rent.
- When renting an office space, tenants should understand the amount of the rent and duration of the lease. Other important terms include whether the space can be subleased, which parties are responsible for maintenance, and whether any furniture and furnishings will be provided.
LEASING AGREEMENT ----------------- This leasing agreement is made here at the Bhallah House, Bhalla Stop, Lahore, on this day Of September 01st, 2000. BETWEEN Dr. Saadia Khawar Khan Christo w/o Dr. Atta Ullah Chishti R/o Bhalla House, Bhalla Stop, Multan Road, Lahore (hereinafter called "the lessor") on the one part. AND Align Technology Pakistan through Ioannis Demetriades its Country Manager, Pavilion # 44, Pearl Continental Hotel, Lahore, (hereinafter called "the lessee") on the other part. Whereby it is agreed as follows: 1. The lessor shall grant and the lessee shall accept the lease of the house known as Bhallah House, Shallah Stop, Multan Road, Lahore. The leased premises consist of a total area of over 35,000 square feet. The leased premises are made up of 10,500 square feet of covered space, and 24,500 square feet of uncovered space consisting of driveways, car and cycle stands, garden and lawn. 2. The leasing agreement is for a period of 10 years. The leasing agreement is renewable at the end of the specified term at the option of both parties, and in case the tenancy will neither be terminated nor will be renewed then the parties shall abide by the terms of the present deed. 3. The leasing fee shall be at the rate of U.S. $ 1,100.00 per month. The rent will be payable in advance on or before the 7' day of each calendar month. 4. The lessee agrees to the following: . To pay all races and utility charges except the house tax . Not to alter the premises without the lessors consent . To use the premises for the office of the "Align Technology Pakistan" only . Not to assign or sublet without the lessors consent . in the case of non-payment, the lessor has the right to occupy the leased premises 5. The lessor agrees to the following: . To white wash and color-wash every year such parts as are now White washed or color washed <PAGE> . To paint the wood work every third year 6. Both the lessor and me lessee agree to me following: . That they will have the rights and liabilities specified in section 108,' transfer of property act, 1882 except in clause (I), (J) and (M) thereof; and . Each party will provide the other party one month's advance notice in case of termination of the leasing agreement In witness whereof the parties have put their signatures hereunder an this 22nd day of August, 2000. Witness Lessor _____________________________ _________________________________ 2