LEASE AGREEMENT
THIS LEASE AGREEMENT made and entered into this day of , by and between having his address
(Lessor)and having his address
(Lessee).
WITNESSETH ;
That, the parties hereto for the valuable consideration set forth hereunder, covenant and agree as hollows ;
Article 1. Description of Property
subject to the terms and conditions of this Lease Agreement, Lessor hereby agrees to lease to Lessee and Lessee hereby agrees to hire from Lessor the Apartment located at
(Premises) .
The Apartment consists of lighting, 2wall units, built-in kitchen cabinets
.
Article 2. Term of the Lease
⑴ This lease shall be for a term of one year, commencing on day of ,
.
⑵ Leasee shall have the option to renew this lease on year by year basis for an additional year by giving a written notice thirty days prior to the expiration of the initial term of one year. For renewal, the term and conditions shall be identical in every respect with this Lease Agreement, except for the amount of Key Money, which shall be negotiable according to the local rental custom.
Article 3. Key Money System
This Lease Agreement is entered on the basis of the so called Cheon Sae(Key Money System) with monthly rental payment to be made.. Lease shall deposit with Lessor a total of in Key Money for the term of this lease. Said Key Money for the term of this lease. Said Key Money shall not bear any interest and shall be returned to Lessee immediately without any deduction.
upon the expiration or termination of this lease. the monthly rental payment is per month.
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2008.03.28
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