Rental Agreement.doc

Rental Agreement ID No. (hereinafter referred to as the “Tenant”),And ID No. (hereinafter referred to as the “Landlord”),Acting in accordance to the legislation of Georgia, have concluded the present Agreement in relation to the following:1. SUBJECT of the Agreement 1.1 Landlord hereby rents to the Tenant for the temporary use his property; living apartment located at the specified address: (see extract from Public Registry in Annex 1) (hereinafter referred to as Rented Property) and provided him conditions for accommodation during the term of rent, and the Tenant pays to the Landlord rental payment according to the terms set forth in the Agreement.1.2 The Parties shall be guided by Civil Code and other effective legislation of Georgia in any matters that are not expressly provided for herein. 1.3 Landlord declares that he is the owner of Rented Property, it has suitable quality for use and no third party can claim a right against this agreement. Landlord is entitled to appoint Agent to sign the Agreement. Power of Attorney is attached in Appendix 1. 1.4 For the Rented Property which can not satisfy the needs of the Tenant, the Tenant can upgrade the Rented Property without changing the main structure of the Rented Property, including upgrading of the yard and green plant. 1.5 Tenant pays fees for domestic services used by him; electricity, gas, water, telephone, cable television, internet, stairs cleaning, front door fee, elevator fee. 2. TERMS OF THE LEASE 2.1 The Agreement takes effect from the moment it is signed by both Parties and is valid within 30 months. Should the Tenant want to rent the Rented Property continuously after 30 months, the Tenant shall take priority over other Tenants. 3. TERMINATION 3.1 This Agreement may be terminated prior to the agreed time on the basis of mutual agreement. 3.2 Unilateral termination of the Agreement by Landlord prior to the agreement time implies him the responsibilities of reimbursement Tenant for losses. 3.3 Tenant is entitled to terminate the present Agreement prior to agreed time. In this case Tenant shall pay additional 1 month rental payment as penalty. This payment will be made through retention of part of money paid through retention of part of money paid to Landlord in advance according to p.5.2 of the Agreement. 3.4 Tenant enjoys right to terminate Agreement at any time unilaterally in case if Rented Property becomes unsuitable for the common use under the circumstances irrespective of any of the parties. 3.5 Landlord enjoys the right to demand termination of the Agreement prior to the agreed tome in case Tenant fails to cover rental fee during 2 (two) months and f Landlords notice on this matter doesnt incurs any result. 4. Rights and Obligations4.1 The Parties of the Agreement are responsible to observe the Legislation of Georgia and the terms of this Agreement. 4.2 Tenants obligations:4.2.1 Tenant shall make full rental payment within the time given in p.5.1 of this Agreement;4.2.2 Tenant shall pay all the domestic consumer fees stated herein spent by him during the term of lease;4.2.3 Tenant shall take care transfer Rented Property, observe the sanitary and fire-prevention regulations.4.3 Landlords obligation:4.3.1 Landlord shall transfer Rented Property to Tenant in accordance with this Agreement in the moment of its signature;4.3.2 Landlord shall guarantee Tenant normal conditions for possession and usage of the Rented Property for the term set forth in this Agreement;4.3.3 Landlord shall assume settlement of all matters, about which he has declared guarantee in this Agreement;4.3.4 Landlord shall warn Tenant in advance in case if he wants to enter the territory of Rented Property and enter it only upon Tenants consent.4.4 Landlord enjoys the right to enter the territory of Rented Property and check its current condition-taking into account the conditions stated in p.4.3.4 of this Agreement. 5. METHOD OF PAYMENT 5.1 The monthly rental payment to be paid by Tenant to Landlord shall be USD ( ( ) which includes all applicable taxes. The rental payment will not be changed through the whole period of validity of the present Agreement. At the moment of agreement Tenant have t pay about ( ) month rental payment ) ( US Dollar) 5.2 Rental payment includes all charges relating to Rented Property except the charged listed in p.1.5. 6. LIABILITY OF THE PARTIES 6.1 Responsibility of the Parties for non-performance or improper performance hereunder shall be subject to the legislation of Georgia. 6.2 Landlord shall cover any expensed and reimburse Tenant for losses in case of unilateral termination of this Agreement, prior to the agreed time. The reimbursement shall be paid by the Landlord to the Tenant for the Tenants losses of unused months. 6.3 In case if Landlord doesnt execute opportunely his responsibility fixed in paragraph 1.4 of this Agreement he will be withheld the proportional amount of rental payment for each day of delay. 6.4 Tenant shall reimburse Landlord for any materials damage of the Rented Property only in case of his fault of negligence, unless such damage is caused as the result of normal usage of it (current deterioration).7. Force Majeure7.1 The Parties should be released from responsibilities for partial or complete non-fulfillment of their obligations resulting form circumstances of force majeure i.e. unforeseen and inevitable, fire, military operations and social upheavals and these circumstance took place or developed after the conclusion of the Agreement. 7.2 If the circumstances mentioned in s.7.1 of the Agreement last more than 2 months, each Party has the right to terminate the Agreement.7.3 Should the circumstances stipulated in paragraph 7.1 hereof occur, either Party shall immediately notify in writing the other Party of such occurrence and its probable duration. 7.4 Facts given in notification shall be confirmed by the subsequent Commerce Industrial Chamber or some other authorized body. 7.5 Should the Party fail to notify or notify the other Party unduly, such Party shall not be able to refer to force majeure as the grounds for non-performance of improper performance of its obligations hereunder. 8. Dispute Resolution8.1 Parties will undertake all reasonable measures to settle any disputes concerned with this Agreement through negotiations.8.2 In case any dispute is not settled by negotiations, such dispute shall be resolved in civil court of Georgia subject to the requirements of laws of Georgia.8.3 The parties agree that all claims will be considered within 5(five) days from the date of receiving it.9. OTHERS 9.1 This Agreement is made in Georgian and English in two copies having equal legal force, one copy for each party. Should different interpretations arise in the English and Georgian versions hereof, the English version shall prevail.9.2 Any schedule or Addendum hereto shall form an integral part of this Agreement if the authorized representatives of the Parties signed and affixed their stamps on them. 9.3 If any provision of this Agreement shall become void, all other provision hereof shall not be affected.9.4 Any changes in Partys requisites, while this Agreement is valid, shall be informed to the other Party in wring within 15 (fifteen) days after such changes. 10. THE PARTIES REGISTERED OFFICES AND BANK DETAILS SIGNING PAGELandlord(Party A):ID/Passport No.):Address:Email:Tel No.:Date:Tenant(Party B):ID/Passport No.):Address:Email:Tel No.:Date:Agency:Address:Tel:Agent:Agent Tel:Date:Appendix 1:Sample of Power of Attorney I, , ID No. , the legal Landlord of the Rented Property, do hereby appoint , as my true and lawful attorney as well as the agent of mine in fact, to sign the Rental Agreement on behalf of me, I recognize the sighed documents and transaction of relevant business by the attorney on behalf of me within the scope f authorization. The period of validity is from 2012 to 2012. Agent is not authorized to appoint subagent with the said power to act on my behalf. Appointed agent: Gender: Age:ID Number:Legal Lan