Sample Business Contracts

Pakistan-Lahore-Bhallah House Lease - Saadia Khawar Khan Christo and Align Technology Pakistan

Free Customizable Lease Forms

Commercial Lease. 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.
Commercial Sublease. 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.
Sublease Agreement. 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 Lease. 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.
Office Space Lease. 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.

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                               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

_____________________________     _________________________________

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