Lease agreement

BETWEEN BAOBAB LOUNGE BAR

Mr L.R.Mabonga
(Hereinafter referred to as the property manager)

AND Collen Rimbani 66-015332V66

(Hereinafter referred to as the “Operator”)

PREAMBLE

WHEREAS the property manager has been approached by the Operator with a proposal
to operate a liquor bar & lodge at the following location: Stand no. 137 Donga Township
Chachacha Shurugwi Zimbabwe.

AND WHEREAS the property manager leases the property and is responsible for its
maintenance.

AND WHEREAS the property manager and the Operator have agreed upon terms for
the rental of the Bar & lodge.

NOW THEREFORE the parties agree as follows:

TERMS OF AGREEMENT

Term of Agreement
1. The Term of this Agreement shall be defined commencing the 1 st day of March,
2023 and ending on the 28th day of February, 2024.

Use of liquor Bar &lodge

The property manager grants to the Operator the exclusive use of the liquor Bar & lodge
2. for the purpose selling beverage & providing night accommodation for the terms
as set out in this Agreement. The property may not be used for any purpose other
than liquor bar & lodge.

Rental Fee
3. The Operator agrees to pay the property manager three Hundred & fifty Dollars
($350.00) per month. Said amount is payable in advance before 1 st of each month.
Any outstanding rental not paid by the 7th of said month will attract a penalty fee of
10% of the outstanding amount.
Lease agreement
\
Utility Surcharge
4.The operator is responsible for payment of municipality property rates & zesa bills
from the time of operation.

Agreement Null and Void for Non-compliance or Non-payment

5.It is understood and agreed that in the event of the Operator failing to make the rental
or utility surcharge payments herein provided as become due, or does not fulfill one or
more of the terms and conditions set out in this Agreement, the property manager shall
be entitled, without prejudice or notice, and without any other actions, to declare this
Agreement null and void and of no affect, and to revoke the privilege herein granted the
Operator, and to grant such privileges to such other person or persons as it may desire.
.

Health Unit Inspection & Approvals

4. The Operator shall obtain and maintain a Health Unit Certificate & liquor license

Health & Safety Inspections

5. The Operator consents to the periodic inspection by property manager

Notice for Termination by Parties

6. During the term of this Agreement, a minimum sixty (60) days notice is required for
termination by the Operator. The property manager may terminate the Agreement
at any time during the term with a minimum of thirty (30) days notice. Notice of
Termination shall be given by personal service, courier or email.

Leasehold Improvements
7. At the expiry or termination of this Agreement, the Operator shall not be permitted
to remove any alterations and/or leasehold improvements to the property. The
Operator will be required to leave all such alterations and/or leasehold
improvements intact.
Lease agreement
Security Deposit
8. The Operator agrees to provide the property manager with a Cash Deposit of
$350.00 plus 3-month rental advancement prior to March 1, 2023 to ensure the
property is maintained and all of the Operator’s obligations are met in accordance
with this Agreement. Failure to maintain or meet the obligations under this
Agreement will result in the property manager drawing upon the deposit to
undertake any required works. Any amount over and above the security deposit
will be invoiced to the Operator and shall be due and payable upon demand.

Renewal of Agreement
9. The parties may upon mutual agreement renew this Agreement for one (1)
additional season in 2024 subject to renegotiation of the rental fee and utility
charges.

Assignment
10. The Operator will not in any manner or form transfer, convey or assign the benefit
of this Agreement to any other party.

Miscellaneous
11. This Agreement will be governed by and be construed according to the laws of
Zimbabwe applicable therein.

IN WITNESS WHEREOF the said Parties have by their proper officers hereunto set their
hands and seals.

DATED the _____ day of __________, 2023.

SIGNED, SEALED AND DELIVERED

In the presence of

operator
Collen Rimbani
signature________________________________________________________

________________________________ ________________________________
Name(s) of Witness

Property Manager
Mabonga Lloid Robert………………………………………