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This Simple Lease Agreement template is designed for use in Pakistan, providing a legally compliant framework for property rental arrangements under Pakistani law. It incorporates requirements from the Transfer of Property Act 1882, relevant provincial rent control ordinances, and the Contract Act 1872. The document is suitable for both residential and commercial leases, though users should adjust specific terms based on their needs and local requirements. It includes essential provisions for rent, maintenance, security deposits, and termination, while allowing for customization through optional clauses and schedules. This template ensures compliance with statutory requirements for registration and stamp duty where applicable, and can be used by individuals, businesses, or property management companies engaging in lease transactions within Pakistan.

1. Parties: Identification and details of the landlord and tenant, including full legal names, CNIC numbers, and addresses

2. Background: Brief context of the lease arrangement and property ownership

3. Definitions: Key terms used throughout the agreement including 'Property', 'Term', 'Rent', 'Security Deposit'

4. Lease Grant: Formal grant of lease and precise description of the leased property

5. Term and Possession: Duration of lease, commencement date, and possession details

6. Rent and Payment Terms: Rent amount, payment schedule, method of payment, and late payment consequences

7. Security Deposit: Amount, payment terms, conditions for refund, and deductions

8. Utilities and Maintenance: Responsibility for utilities, maintenance obligations of both parties

9. Use of Property: Permitted use of property, restrictions, and occupancy limits

10. Landlord's Covenants: Obligations and warranties of the landlord

11. Tenant's Covenants: Obligations and warranties of the tenant

12. Termination: Grounds for termination, notice requirements, and consequences

13. Governing Law: Confirmation of Pakistani law application and jurisdiction

14. Execution: Signature blocks and witness requirements