Lease of Shop Premises

• DateSignedThe contract is dated 15 September 2026.15 Sep 2026Page 1
• DateTerm startsThe Term is three years, commencing on 1 October 2026.1 Oct 2026Clause 3.1
• DateTerm expiresThe 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 rent of G$380,000 per month, in advance, on or before the first day of each calendar month.Every month on the 1stTenant to LandlordClause 4.1
• MoneyFirst month's rentG$380,000On the signing of this Lease the Tenant pays the Landlord the first month's rent of G$380,000, being the rent for October 2026.15 Sep 2026Tenant to LandlordClause 4.2
• DutyWays of paying rentThe 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 payment by cheque is made only when the cheque is honoured.Tenant to LandlordClause 4.3
• MoneyMonthly rent second yearG$399,000 a monthThe rent increases by five per cent on 1 October 2027 and from that date the Tenant pays rent of G$399,000 per month.Every month on the 1stTenant to LandlordClause 5.1
• MoneyMonthly rent third yearG$418,950 a monthThe rent increases by a further five per cent on 1 October 2028 and from that date the Tenant pays rent of G$418,950 per month.Every month on the 1stTenant to LandlordClause 5.2
• MoneySecurity depositG$760,000On the signing of this Lease the Tenant pays the Landlord a security deposit of G$760,000, equal to two months' rent.15 Sep 2026Tenant to LandlordClause 6.1
• MoneyRefund of depositG$760,000The Landlord refunds the Deposit to the Tenant within thirty days after the end of this Lease, less any sums properly deducted for unpaid rent, unpaid bills for the Premises or damage to the Premises.Within thirty days after the end of this LeaseLandlord to TenantClause 6.2
• MoneyLate payment chargeG$15,000If any rent is not paid by the seventh day of the month in which it falls due, the Tenant pays the Landlord a late payment charge of G$15,000 for that month.If rent is not paid by the seventh day of the month in which it falls dueTenant to LandlordClause 7.1
• NoticeNotice to renewThe Tenant may renew this Lease for a further term of two years by giving the Landlord written notice not less than six months before the Expiry Date.By 30 Mar 2029Tenant to LandlordClause 8.1
• MoneyCap on renewal rent10%The rent for the renewed term is to be agreed between the parties but shall not exceed the rent then payable by more than ten per cent.From 1 Oct 2029Clause 8.2
• DutyTerms of renewed leaseThe renewed lease is otherwise on the terms of this Lease, except that it contains no further option to renew.From 1 Oct 2029Clause 8.3
• NoticeEarly termination rightEither party may end this Lease on any date on or after 1 April 2028 by giving the other party not less than three months' written notice.From 1 Apr 2028Either partyClause 9.1
• DutyElectricity and water billsThe Tenant pays all bills for electricity and water supplied to the Premises directly to the providers, on or before their due dates.On or before the due dates of the billsTenantClause 10.1
• DutyRates and taxesThe Landlord pays all rates and taxes assessed on the Building.LandlordClause 10.2
• DutyBuilding fire insuranceThe Landlord keeps the Building insured against fire for its full reinstatement value.Landlord to TenantClause 11.1
• DutyStock and contents 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 insurance policy within thirty days after the Commencement Date.By 31 Oct 2026Tenant to LandlordClause 11.3
• DutyRepair of interiorThe 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
• DutyRepair of structure and roofThe Landlord repairs any defect in the structure or the roof of the Building within fourteen days after receiving written notice of it from the Tenant.Within fourteen days after receiving written notice from the TenantLandlord to TenantClause 12.2
• DutyNo alterations without consentThe Tenant shall not make any alteration or addition 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
• NoticeNotice before inspectionThe Landlord may enter and inspect the Premises at any reasonable time on giving the Tenant forty-eight hours' notice.Forty-eight hours' noticeLandlord to TenantClause 14.1
• DutyNo assignment or sublettingThe Tenant shall not assign, sublet or part with possession of the Premises or any part of them without the Landlord's written consent.Tenant to LandlordClause 15.1
• DutyGiving up the PremisesAt the end of this Lease the Tenant vacates the Premises, removes its fittings, makes good any damage to the Premises and returns all keys to the Landlord.At the end of this LeaseTenant to LandlordClause 16.1
• DutyHow notices are givenAny notice under this Lease is to be in writing and delivered by hand or sent by registered post to the other party at the address given for that party at the start of this Lease.Either partyClause 17.1

28 terms. Read 25 September 2026. Choose a row to see its clause in the contract.