CONTRACT OF LEASE

TENANTS:.............................................................................................................................................. LANDLORD:..........................................................................................................................................

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The LANDLORD agrees to rent to the TENANT the premises which are located in:..................................................................................................................... The TENANT declares that has examined these premises and has found them to be in perfect condition, and is obliged at the end of this agreement or at its termination, to submit them to the LANDLORD in the same perfect condition that the TENANT has received them, with the exemption of natural ware and tare. The agreed period for this agreement is one year beginning on the ............................... and ending on the ............................... . The tenant has first option to renew this agreement. The agreed amount for renting these premises is ........................................... for each calendar month of this agreement. The tenant has to pay the refuse collection tax. The TENANT is obliged to pay any utility bills related to these premises, such as, Electricity Bills, Water Bills and telephone bills if he/she connects to a telephone line. The TENANT is obliged to pay monthly in advance the amount of ................. on the ...................... of each month which in this case will commence on the ..................... In addition the TENANT has paid.................... today, .............................., which will be refunded to the TENANT without interest when this agreement is over, provided there will be no damage done to the premises, and/or electrical appliances, or unpaid bills, or arrears of rent that will justify withholding any part or the whole amount of the deposit. In the event that damages caused by the Tenant exceed the amount of the DEPOSIT, then the Tenant will have to pay for those damages. The TENANT is not allowed to use the rented premises for any other purpose other than Personal Residence or to rent them or part thereof, or to transfer his rights or part of his rights to another person, without the written consent of the LANDLORD. The LANDLORD has the right to refuse giving his consent, without giving a reason for his refusal. The TENANT is not allowed without the written consent of the LANDLORD to make any alternations, or additions, to these premises. In case that the LANDLORD gives his consent for such changes, he reserves the right to demand at the end of this agreement, that the TENANT will restore the premises to the condition that they are today, or to demand that the premises will be submitted to him with the alternations of additions that were made, without any payment on his behalf. The Landlord or any one on his behalf has the right to enter the leased premises for inspection, examination, or repairs in convenient hours and on prior notice. After such inspections, the LANDLORD has the right to ask the TENANT to pay for repairs for damages that were caused by the TENANT.

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In the event of a delay in payment of the rent due, or any part of it, of more than 14 days from the date when it is due, the Landlord will have the right to terminate this Tenancy Agreement and secure immediate possession of the premises and hold the tenant liable for legal expenses incurred in the collecting of any arrears of rent. The TENANT agrees to ensure the peaceful and unobstructed use and enjoyment of the premises in such a way that does not cause any noisiness for the neighbors. In the event that the tenant is behaving in such way that causes disturbance and noise to the neighbors, the owner has the right to give a written notice to the tenants to evacuate the premises within fourteen (14) days of the written notice. Termination of this present agreement, Two months prior notice must be given and access to the property must be given with either tenant present to accompany the visit. Exception to this rule applies only if the tenant is redundant or transferred from his work to another town or country.(The tenant has to provide those papers to prove the case) No pets are allowed in the property unless the owner gives its permission. If any of the two parties do not wish to continue this agreement, then they have to notify each other in writing, at least one month prior to the termination of this agreement. Otherwise, all the terms of this agreement will be the same, except the terms concerning the monthly rent, which will be adjusted according to a new agreement that both parties will reach, taking into account the legal framework. In any case, if this agreement continues over its term, then there can be an increase of up to 8% every (2) two years. The present agreement has been duplicated and each party involved has received a copy.

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DATE ........................................... WITNESS THE TENANT Signature: _______________ Name: __________________ Signature of Tenant: ____________

WITNESS THE LANDLORD Signature: _____________ Name: _____________________ Signature of Landlord: ___________