The Office of the Lawyer Rashid Fahmi Karameh

Tripoli Industrial Park

Exploitation contract

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Between:

Lessor:                                            first party:

Lessee:                                           second party:

Whereas the first party owns the real estate no., in the area of .........................., which consists of .........................., And since the second party wants to occupy .........................., by the lease, according to the terms of this contracts, the agreement should be done on the basis of mutual approval and consent between both parties in accordance with the following:

First: the introduction is considered an integral part of this contract and should be read with it.

Second: the first party has leased the second party .........................., the real estate.........................., in the region of elMina

Third: the second party has himself proceeded to examination of the real estate to be leased, an examination denying and refuting of ignorance and has taken it over without any defects as it is in the present situation. The second party doesn’t have the right to ask the first party for any repairs whatsoever after the taking effect of this contract.

Fourth: the duration of this contract is three years (according to the clauses of the article no. 543 of the law of obligations and contracts, modified by the law no. 159, dated 23/07/1992) and it begins on ............ /............ / 2003 and ends on ............ /............ /2003, and isn’t subject to renewal.

If the second party wants to leave the lease before the end of the effective contract duration, he has to inform the first party before two months of the appointed date of leaving, and thus by virtue of an open registered mail card with a delivery notice according to the law, and must pay the rent of a whole year if the duration of occupation is less than one year.

Fifth: the rent is fixed as .........................., American dollars only/$........................../ for the first, second and third year.

The annual rent should be paid .........................., each payment should be /$.......................... /, paid each       months. Every delay in payment or breaking of this clause dissolve and abrogate this contract immediately without any need of delivery notice or anticipated form of process.

Sixth: the use of the lease is .........................., only and exclusively; the second party doesn’t have the right to change the using without a written and anticipated consent of the lessor, under penalty of abrogation of the contract and the payment of a forced fine of /$5000/ five thousand American dollars, not subject to reduction and becomes due and payable immediately without any need to institute legal proceedings or take any form of process.

Seventh: the 2nd party doesn’t have the right to cede the rent of the lease absolutely, entirely or partially. In this case of cession, this contract is considered dissolved without any need of a delivery notice or an anticipated form of process and the fine becomes due and payable as it is prescribed in the sixth article of this contract.

Eight: the necessary repairs concerning the lease is on the charge of the 2nd party, as well as the ameliorations or the repairs or any expenses resulting from any general damage in the building that is decided by the management of the building.

The 2nd party shall have the right to place on the lease any improvement or modifications in order to fit his business, provided that these improvements or modifications don’t cause any damage to the structure or the strength of the buildings; these modifications shall become the acquisition of the first party without payment or compensations, unless the first party requires to place the lease in the initial plans according to the original plans of the project.

The 2nd party shall obtain the prior written consent from the first party to make any improvements or modifications and in all cases, these modifications should respect the regulations and rules of construction in force at the concluding of this contract and should hand the first party copies of these modifications plans.

Ninth: the 2nd party undertakes to keep and maintain the buildings and the improvements he placed on the lease, and therefore to keep the vital appurtenances inside the project such as the ways and the parking areas.

He undertakes as well to keep the cleanliness of these ways and parking areas and to pay all the other expenses that may occur during his occupation of the mentioned lease. He also undertakes to keep these localities free from any damage or loss and to keep the validity of its use and the safety conditions.

Tenth: the 2nd party has to hand over the glass, the woodwork, the keys and all the sanitary and electrical installations, and others in good conditions. If anything is found broken or damaged, the 2nd party is obliged to compensate it.

Eleventh: the fees of the municipality as well as the fees of the pavements, the sewers, the rental value and other expenses are on the charge of the 2nd party during his occupation of the lease and he has to hand the owner copies of the receipts.

Twelfth: the 2nd party doesn’t have the right to rent or lend partly or totally of the lease to a third party under penalty of abrogation of the contract and the payment of a forced fine of /$5000/ five thousand American dollars as a penalty clause not subject to any reduction and becomes due and payable immediately without need to a delivery notice or any anticipated from of process or legal proceedings.

Thirteenth: the first party has the right to enter the lease and check it at any time he wants.

Fourteenth: the 2nd party doesn’t have the right to put in the lease areas extra weights or the 2nd party should insure flammable materials, which could damage the buildings and any damage that may occur. The 2nd party should as well install fire extinguisher of a great size to avoid any accident.

Fifteen: the 2nd party undertakes to conclude an insurance contract with a complete cover against the fire and the other accidents on buildings, machines, improvements and existing and found things with an amount that exceeds /$........................../

The 2nd party should elect a well-known insurance company allowed and authorized to work on the Lebanese territories and which has a good experience and reputation.

The 2nd party cannot abrogate or modify the contents of the insurance policies before notifying the first party. The date of taking effect and entering in force of validity of these insurance policies is the same date of this contract signing.

Sixteenth: this contract is submitted to the law of obligations and contracts, especially the article no. 543, modified by the law no. 159, dated 23/7/1992. At the expiration of this contract, the 2nd party should vacate the lease and hand it over to the first party free of any occupation, under penalty of a compulsory fine of /$200/ two hundred American dollars for each day of delay until the lease is vacant weather by consent or by force of the law. In this case, the occupation of the 2nd party for the areas is considered forcible by violence or force without legal justifications.

Seventh: the 2nd party declares that he has made election of residence in the real estate where is located the lease subject of this contract.

Eighteenth: competent courts of Tripoli are qualified (authorized) to settle any conflicts that may result during the execution of this contract.

Nineteenth: this contract has been written in two copies; each party keeps a copy to use it upon requirement.

Special conditions: the 2nd party assumes to keep the lease clean and to hand it over to the owner after the expiration of the lease duration vacant, clean and in good condition. He should guarantee as well not to disturb the inhabitants in any mean.

 

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