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STANDARD TERMS AND CONDITIONS

1. Standard Terms and Conditions of Sale

These terms govern the transfer of ownership from the Vendor to the Purchaser.

  • Offer and Acceptance: The Purchaser agrees to buy, and the Vendor agrees to sell the property "as-is" for the agreed purchase price.
  • Payment Milestones: A non-refundable deposit of [X]% is due upon execution. The balance must be settled within [X] days. Failure to settle the balance entitles the Vendor to rescind the contract and retain an administrative fee.
  • Title and Documentation: The Vendor warrants a good root of title. Ownership transfers only upon full payment and execution of a Deed of Assignment. The Purchaser is responsible for perfection costs, including Governor’s Consent and Stamp Duties.
  • Possession: Physical possession is granted only after the full purchase price and ancillary fees (Survey, Legal, and Developmental) are cleared.
  • Indemnity: The Vendor shall indemnify the Purchaser against any claims arising from undisclosed encumbrances on the title prior to the sale date.

2. Standard Residential Lease Agreement

Designed for long-term (1+ year) residential tenancies.

  • Rent and Term: Rent is payable in advance for the fixed term of [X] years/months.
  • Security Deposit: A refundable cautionary deposit is required to cover damages beyond reasonable wear and tear. This cannot be used as rent for the final month.
  • User Covenant: The premises must be used strictly for private residential purposes. Subletting, partitioning, or running a business from the premises is prohibited without written consent.
  • Maintenance: The Landlord is responsible for major structural repairs (roof, external walls). The Tenant is responsible for internal maintenance, fittings, and utility bills (electricity, water, waste).
  • Quiet Enjoyment: The Landlord guarantees the Tenant peaceful possession without unlawful interference during the term, provided all covenants are met.
  • Termination: Either party must provide a [X] months' written "Notice to Quit" prior to the expiration of the term.

3. Standard Commercial Lease Agreement

Optimized for business premises, shops, or office spaces.

  • Business Use: The Tenant must use the space only for the specified trade or business. The Tenant must comply with all local authority hygiene and business regulations.
  • Rent Review: For leases exceeding 2 years, the Landlord reserves the right to review the rent upward by [X]% upon renewal, subject to market trends.
  • Alterations: No structural changes or signage installations are permitted without prior written approval. All approved improvements remain with the property upon exit unless otherwise agreed.
  • Service Charge: In shared commercial complexes, the Tenant must pay a monthly/yearly Service Charge for security, common area cleaning, and generator maintenance.
  • Default: If rent remains unpaid for 21 days after it becomes due, the Landlord reserves the right to re-enter and terminate the lease immediately.

4. Standard Rental (Short-Let) Agreement

Specifically for short-term stays (daily/weekly).

  • Booking and Cancellation: Full payment is required to confirm a booking. Cancellations made within [X] hours of arrival are subject to a [X]% penalty fee.
  • House Rules: No parties, loud music, or illegal activities are permitted. The number of occupants must not exceed the capacity specified in the booking.
  • Damages: The guest is personally liable for any damage to furniture, electronics, or fittings during their stay. A valid ID must be provided at check-in.