Buenos Aires - Rental Contract for Furnished Real State Properties

The parties involved agree to the terms and conditions stipulated in this Rental Contract for Furnished Real State Properties.

FIRST: Mr. ....., of nationality ....., being..... of marital status, who proves his/her Identity with Identity Card Number: ..... domiciled at ....., in the area of ....., Province of Buenos Aires, hereinafter referred to as THE LANDLORD, leases the property located at ....., hereinafter referred to as THE LEASED PROPERTY to Mr. ..... , of nationality ....., being..... of marital status, who proves his/her identity with Identity Card Number: ..... domiciled at ....., in the area of ....., Province of Buenos Aires, hereinafter referred to as THE TENANT. THE LEASED PROPERTY is integrated by the following parts ..... . It will be handed furnished, according to what is mentioned in the Inventory and Appraisal integrating this real estate contract as Annex I. "THE LEASED PROPERTY" as well as any piece of furniture included in it are handed in perfect conditions and with all of its installations working properly. When moving out, THE TENANT will return the property in a state similar to what he was given, except for the wear and tear that will take place for the proper use of installations. In the case THE TENANT does not comply with this, he will have to compensate THE LANDLORD for any kind of damage cause to the property, plus the rent for each month the property might be down for repairs.

SECOND: THE LEASED PROPERTY can only be used by the THE TENANT and the following people..... . THE TENANT has prohibited to do any kind of transaction with THE LEASED PROPERTY, being permanent or temporary, partial or total, gratuitous or onerous. In the case this was not fulfilled, THE TENANT must pay the amount of $..... (Pesos), for each day this clause is breached.

THIRD: The monthly rent will be of $.....(Pesos) to be paid in advance between the days ..... and..... of each month in the following address ..... or in anyone else specified by THE LANDLORD.

FOURTH: In the case THE TENANT did not pay the rent for a month, between the days that were agreed to in the THIRD clause, he will have to pay $.....(Pesos) for each day past said term.

FIFTH: The complete term for this real estate contract will be of..... months, starting on the day ....., of the month ....., and finalizing on the day ....., of the month at .....Hs. with out obligation on part of THE LANDLORD to notify THE TENANT. On the expiring of this real estate contract THE TENANT will move out of THE LEASED PROPERTY with out any questioning. If this was not the case, THE TENANT will have to pay THE LANDLORD the amount of $..... (Pesos) for each day past the expiration date, THE LANDLORD can ask for this money in advance and until the property is returned to him in perfect conditions. The payment for breach of the real estate contract are independent of the monthly rent and from the actions THE LANDLORD can take in the case THE TENANT is unable to comply with the real estate contract. To prepare for the judicial procedure the following things are needed: this real estate contract, "acta de constatacion notarial", certificate issued by a Public Accountant that specifies the amount THE LANDLORD is claiming THE TENANT has to pay for the breach of the real estate contract.

SIXTH: Payments done outside of the terms will carry a cumulative interest on a variable rate applied to them weekly. The interest applied will be twice as the one established by the "Banco de la Nación Argentina".

SEVENTH: THE TENANT is prohibited to perform any kind of remodeling on the property. Even if the improvements on the property were absolutely necessary, THE LANDLORD will be exempt of any costs involved. THE TENANT will take care of the costs to fix any damage done to the property, and will leave the improvements as a benefit done to the property, without asking THE LANDLORD for any kind of refund.

EIGTH: THE LANDLORD is not responsible for any damage or injuries that THE TENANT or anyone else might suffer because of accidents caused by short-circuits, flaws, filtrations, fires, floods and/or any other causes listed in the Article 1517 of the Civil Code. THE LANDLORD is exempted from what is stated in the Articles 1514 to 1526 of the Civil Code. THE TENANT has prohibited to keep flammable and/or toxic residues inside the property.

NINTH: THE TENANT is in charge to pay the following:

• a) The expenses of the horizontal property, regular and irregular.
• b) Contributions, taxes and tributes, them being municipal, provincial or national that are charged to the property.
• c) The use of the services of water and sewage systems.
• d) THE TENANT will take the steps necessary for the services of electricity, gas and phone line to be billed to his name. THE LEASED PROPERTY has the phone number: ....., if by cause of THE TENANT, this phone line was lost, it will have to pay to THE LANDLORD the amount of $.....(Pesos). All the obligations THE TENANT has towards the property will be in effect until he hands the property back to THE LANDLORD, in conditions that the last ones is pleased with. THE TENANT accepts all the conditions from the Consortium of Proprietors, companies lending their services and entities in charge of collecting taxes; that will cause arrears. If THE LANDLORD was to pay any of these arrears THE TENANT will have to give a refund. THE TENANT has to show with the monthly rent, the receipts for each service, otherwise the rent for that month will be considered as not paid.

TENTH: To warrant the fulfillment of payments, THE TENANT gives to THE LANDLORD the amount of $..... (Pesos) as a Warranty Deposit. This amount will not be affected by any kind of interests. THE LANDLORD is entitled to keep this deposit as long as there are months of rent that THE TENANT still owes. THE TENANT has prohibited to assign the Warranty Deposit to the payment of the rent, expenses, tributes, services and any other obligation.

ELEVENTH: Mr. ....., Identification Card Number: ....., domiciled at ....., ownership of .....% of the property ....., will act as the guarantor for THE TENANT, assuming all obligations that the last one might not be able to comply with.

TWELFTH:All notifications, judicial or extrajudicial will be sent to the following addresses:

• a) THE TENANT in THE LEASED PROPERTY;
• b) THE LANDLORD in .....;

THIRTEENTH: The parties voluntarily agree that for any situation regarding this real estate contract, that may arise between the two, they will take care of them under the jurisdiction of the "Tribunales ordinarios de Justicia del Departamento Judicial" of: ..... giving up any other jurisdiction that might correspond to them. Any iteration in said jurisdiction will be taken as valid, regarding this real estate contract.

FOURTEENTH: The total cost for this operation will be paid by the two parties in the following way: THE TENANT .....% and THE LANDLORD ....%. Both parties declare the cost to be $..... (Pesos).

FIFTEENTH: Any breach of the real estate contract on part of THE TENANT will allow THE LANDLORD claim for the relevant amount of money as means of compensation.

SIXTEENTH: In witness whereof, the parties have entered into the present agreement in..... originals, of this real estate contract and its Annexes.

SEVENTEENTH: Agreed on the day ....., of the month ....., of the year ..... .

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