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Taman Rasuna Apartment LEASE AGREEMENT On this day, Thursday, 28 April 2011, we the undersigned: 1. Name: BACHTIAR LIEM ID Number: 03030303 Address: Jl Jatipadang NO 18 Pejaten, Jakarta Selatan Hereinafter referred to as the First Party or LESSOR 2.
DELON Passport Number: F007007 Office Address: House No: 888, sec-8 Faridabad, Haryana, India Hereinafter referred to as the Second Party or LESSEE Hereby declared to cooperate in Lease Agreement of: Taman Rasuna Apartment, Tower 9 North, Floor 80, Unit B Jl HR Rasuna Said, Jakarta 12960, Indonesia (Hereinafter referred to as “Premises” with inventory list enclosed) This Lease Agreement (hereinafter referred to as “Agreement”) has been concluded and accepted by both parties under the following terms and conditions: ARTICLE 1: LEASE PERIOD 1. This agreement is valid for a period of 2 (two) years (25 May 2011 – 24 May 2013). Lessee has the first option to extend the lease period, at a rental rate and on terms and conditions agreed to by both parties. If Lessee desires to extend the lease period, Lessee shall notify Lessor at least 30 (thirty) days before the expiry date of this agreement. Payment of the agreement extension has to be done by Lessee, 10 (ten) days before the expiry date of this agreement. Over stay will be charged IDR 500,000 (five hundred thousand rupiah) per day, with a maximum of 5 (five) days from the expiration date of the lease period. After that, Lessor has the legal right to vacate the Premises without any further notification.
ARTICLE 2: SECURITY DEPOSIT 1. Security Deposit, equivalent to 1 (one) month rental rate, shall be given by Lessee. Security Deposit will be used to pay any outstanding bills (electricity, water or any other bills that related) and to reserve the Premises condition. Security Deposit will be refunded by Lessor to Lessee within a period of 30 (thirty) days without interest after the agreement expires and after being deducted by payment of outstanding bills and repair of the apartment unit (arrears, cost and loses arising during the agreement).
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If expenses to pay the outstanding bills and repair of the apartment unit, exceed the amount of Security Deposit, Lessee agrees to pay the difference of all outstanding costs within 5 (five) working days after the agreement expires. Taman Rasuna Apartment 9n 80B ARTICLE 3: RENTAL RATE 1. Rental rate is IDR 4,500,000,-(four million five hundred thousand rupiah) per month. Lessor is responsible for the payment of monthly service charge. Lessee is responsible for the payment of electricity, water and other facilities subscribed to by Lessee (if available, i.e.: internet, cable TV, newspaper, etc). If Lessee fail to pay according to payment terms for services mentioned above in due time and that causes cut-off from electricity, water or other facilities, then Lessee is obligated to pay for the penalties and re-activation charges it may cause. ARTICLE 4: PAYMENT 1.