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Lease Part 3
SCHEDULE B
(AGENTS
SCHEDULE)
To
agreement of lease between
AND
1.AGENTS COMMISSION :
The LESSEE
warrants that it has been introduced to the THE PREMISES byxxxxxxxxx xxxxxxxxxx and that xxxxxxxxx xxxxxxxxxxis the sole effective cause of the Agreement of Lease. The LESSOR
agrees to pay commissions to xxxxxxxxx xxxxxxxxxx calculated upon the scale of
tariff as recommended by the Institute of Realtors.
2.RENEWAL/PURCHASE :
The LESSEE
shall
a). Have
first option to purchase the property during the currency of this lease or at
the expiry thereof at a price to be agreed upon between the Lessor (Seller) and
the Lessee (purchaser) or
b).
Extend this lease for a further period to be agreed upon in the same terms and
conditions as herein contained save the Lease period and the rental shall be
reviewed and agreed upon between the LESSEE
and the LESSOR
on or
before
.. Should the LESSEE
exercise either option or continue occupancy of the PREMISES
under any other terms or conditions then the LESSOR agrees
to pay commissions to xxxxxxxxx xxxxxxxxxx under terms of the scale of tariff
recommended by the Institute of Realtors at that time.
3.DEDUCTION OF COMMISSION :
The LESSOR
and LESSEE
agree that xxxxxxxxx xxxxxxxxxx shall be entitled to deduct the commissions due to them from any rentals and / or deposits
paid by the
LESSEE
; and the LESSOR
agrees to refund the deposit as specified in clause 2 of Schedule A attached, to the LESSEE
at the expiry thereof less amount for damages caused through the LESSEE's
negligence.
....
/ THUS
THUS
DONE AND SIGNED AT
.................................................................... THIS THE
