Contract Lux Agency 1.2
Contract Lux Agency 1.2
Contract Lux Agency 1.2
1. The owner hereby agrees with the agent to collect rental income from the aforesaid mentioned premises.
2. In CONSIDERATION, the owner agrees that the Agent will be paid …..…….of all such rent collected. The
agent will collect the rent and pay the same to the owner by………Every month or deposit
To the owner's Account no.
Name of Account…………………………………………………
Account No………………………………………………………
Bank ………………………………….Branch…………………………….
4. The Landlord shall receive the total amount due and the agent shall follow up the arrears and Take
the necessary legal steps in line with the provisions of the Government laws on tenancy
, which include;
a) A notice to pay within seven days in writing and failure to do so,
b) A notice to vacate followed by the tenant submitting an item or items equivalent to the
Arrears accrued, to be held by the agent awaiting a full settlement within the legal time
Frame and failure to pay within the stipulated time, the items shall be sold and the
Landlord given his/her dues.
5. This agreement shall commence on. ………………. And will expire after…………
Year(s)……….. Months unless otherwise. This agreement may be terminated by each
Party by giving to the other notice in writing
6. This agreement may be extended by mutual agreement of both parties
7. The owner shall be responsible for maintenance and upkeep of the building unless the Landlord/landlady orders
the agency to do so.
8. The land lord has no right to collect money on behalf of the agents after signing this agreement and Any
advance payment to the landlord will attract 12% interest thereof.
In witness of the parties here to have unto set their hands the Day, Month, Year and Herein before
Written
Landlord: …….................................................. Agency Representative……....................................... .....................
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Contact…………………………………..Designation…………………………………………………
Signature... ………………………………………...Signature……………………………………………………………