This Simple Lease Agreement template is designed for use in Pakistan, providing a legally compliant framework for property rental arrangements under Pakistani law. It incorporates requirements from the Transfer of Property Act 1882, relevant provincial rent control ordinances, and the Contract Act 1872. The document is suitable for both residential and commercial leases, though users should adjust specific terms based on their needs and local requirements. It includes essential provisions for rent, maintenance, security deposits, and termination, while allowing for customization through optional clauses and schedules. This template ensures compliance with statutory requirements for registration and stamp duty where applicable, and can be used by individuals, businesses, or property management companies engaging in lease transactions within Pakistan.
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1. Parties: Identification and details of the landlord and tenant, including full legal names, CNIC numbers, and addresses
2. Background: Brief context of the lease arrangement and property ownership
3. Definitions: Key terms used throughout the agreement including 'Property', 'Term', 'Rent', 'Security Deposit'
4. Lease Grant: Formal grant of lease and precise description of the leased property
5. Term and Possession: Duration of lease, commencement date, and possession details
6. Rent and Payment Terms: Rent amount, payment schedule, method of payment, and late payment consequences
7. Security Deposit: Amount, payment terms, conditions for refund, and deductions
8. Utilities and Maintenance: Responsibility for utilities, maintenance obligations of both parties
9. Use of Property: Permitted use of property, restrictions, and occupancy limits
10. Landlord's Covenants: Obligations and warranties of the landlord
11. Tenant's Covenants: Obligations and warranties of the tenant
12. Termination: Grounds for termination, notice requirements, and consequences
13. Governing Law: Confirmation of Pakistani law application and jurisdiction
14. Execution: Signature blocks and witness requirements
1. Furniture and Fixtures: Used when property is leased furnished - includes inventory and condition
2. Alterations and Improvements: Used for longer-term leases where tenant may want to make changes
3. Insurance: Used when specific insurance requirements are needed, especially for commercial leases
4. Subletting and Assignment: Used when these rights need to be explicitly granted or prohibited
5. Property Management: Used when a property manager is involved
6. Pet Clause: Used when pets are allowed or specifically prohibited
7. Force Majeure: Used in longer-term leases to address unforeseen circumstances
8. Notices: Used when formal notice procedures need to be specified
1. Property Description Schedule: Detailed description of property including boundaries and included areas
2. Inventory List: Detailed list of furniture, fixtures, and appliances if furnished
3. Condition Report: Documentation of property condition at lease start
4. House Rules: Building or housing society rules and regulations
5. Payment Schedule: Detailed breakdown of rent, maintenance charges, and other payments
6. Utility Details: List of utilities, meter numbers, and payment responsibilities
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