Lease of Shop Premises

• DateLease madeThe Lease is made on 15 September 2026 at Georgetown, Guyana.15 Sep 2026Page 1
• DateTerm startsThe three-year Term begins on 1 October 2026.1 Oct 2026Clause 3.1
• DateTerm endsThe Term expires on 30 September 2029, unless the Lease is ended earlier under clause 9 or renewed under clause 8.30 Sep 2029Clause 3.2
• MoneyMonthly rent, first yearG$380,000 a monthThe Tenant pays the Landlord G$380,000 a month, in advance, on or before the 1st of each month.Every month on the 1stTenant to LandlordClause 4.1
• MoneyFirst month's rentG$380,000The Tenant pays the Landlord G$380,000 on signing the Lease, as the rent for October 2026.On the signing of this LeaseTenant to LandlordClause 4.2
• DutyHow rent is paidThe Tenant may pay the Rent in cash against a written receipt, by cheque, or by transfer to a bank account the Landlord names in writing, and a cheque payment counts only when the cheque is honoured.Tenant to LandlordClause 4.3
• MoneyFirst rent increase5%The rent increases by 5% on 1 October 2027.1 Oct 2027Tenant to LandlordClause 5.1
• MoneyMonthly rent, second yearG$399,000 a monthFrom 1 October 2027 the Tenant pays the Landlord G$399,000 a month.Every month on the 1stTenant to LandlordClause 5.1
• MoneySecond rent increase5%The rent increases by a further 5% on 1 October 2028.1 Oct 2028Tenant to LandlordClause 5.2
• MoneyMonthly rent, third yearG$418,950 a monthFrom 1 October 2028 the Tenant pays the Landlord G$418,950 a month.Every month on the 1stTenant to LandlordClause 5.2
• MoneySecurity depositG$760,000The Tenant pays the Landlord a security deposit of G$760,000, equal to two months' rent, on signing the Lease.On the signing of this LeaseTenant to LandlordClause 6.1
• DutyDeposit refundThe Landlord refunds the Deposit to the Tenant within 30 days after the Lease ends, less sums properly deducted for unpaid rent, unpaid bills for the Premises or damage to the Premises.By 30 Oct 2029Landlord to TenantClause 6.2
• MoneyLate payment chargeG$15,000 a monthIf rent is not paid by the 7th day of the month it falls due, the Tenant pays the Landlord a late charge of G$15,000 for that month.If rent is not paid by the seventh (7th) day of the month in which it falls dueTenant to LandlordClause 7.1
• NoticeNotice to renewThe Tenant may renew the Lease for a further two years by giving the Landlord written notice at least six months before the Expiry Date.By 30 Mar 2029Tenant to LandlordClause 8.1
• MoneyRenewal rent cap10%Rent for the renewed term is to be agreed, but may not exceed the rent then payable by more than 10%.Tenant to LandlordClause 8.2
• NoticeNo second renewalThe renewed lease is on the same terms, except that it contains no further option to renew.Clause 8.3
• NoticeBreak rightEither party may end the Lease on any date on or after 1 April 2028 by giving the other at least three months' written notice.From 1 Apr 2028Either partyClause 9.1
• DutyElectricity and water billsThe Tenant pays all electricity and water bills for the Premises directly to the providers, on or before their due dates.On or before their due datesTenant to LandlordClause 10.1
• DutyRates and taxesThe Landlord pays all rates and taxes assessed on the Building.Landlord to TenantClause 10.2
• DutyBuilding fire insuranceThe Landlord keeps the Building insured against fire for its full reinstatement value.Landlord to TenantClause 11.1
• DutyStock insuranceThe Tenant insures its stock and the contents of the Premises against fire and theft for their full value.Tenant to LandlordClause 11.2
• DutyCopy of insurance policyThe Tenant gives the Landlord a copy of its stock and contents policy within 30 days after the Commencement Date.By 31 Oct 2026Tenant to LandlordClause 11.3
• DutyInterior repairsThe Tenant keeps the interior of the Premises, including the fixtures and the glass, in good and clean repair and condition.Tenant to LandlordClause 12.1
• DutyStructural and roof repairsThe Landlord repairs any defect in the structure or roof of the Building within 14 days after written notice from the Tenant.Within fourteen (14) days after receiving written notice of it from the TenantLandlord to TenantClause 12.2
• DutyNo alterations without consentThe Tenant must not alter or add to the Premises without the Landlord's written consent.Tenant to LandlordClause 12.3
• DutyPermitted useThe Tenant uses the Premises only for the sale and repair of mobile phones and accessories.Tenant to LandlordClause 13.1
• NoticeInspection noticeThe Landlord may enter and inspect the Premises at any reasonable time after giving the Tenant 48 hours' notice.Forty-eight (48) hours' noticeLandlord to TenantClause 14.1
• DutyNo assignment or sublettingThe Tenant must not assign, sublet or part with possession of any of the Premises without the Landlord's written consent.Tenant to LandlordClause 15.1
• DutyLeaving the PremisesAt the end of the Lease the Tenant vacates the Premises, removes its fittings, makes good any damage and returns all keys to the Landlord.At the end of this LeaseTenant to LandlordClause 16.1
• NoticeHow notices are givenAny notice must be in writing, delivered by hand or sent by registered post to the other party at the address given at the start of the Lease.Either partyClause 17.1

30 terms. Read 29 September 2026. Choose a row to see its clause in the contract.