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Tenant’s Initials 1 Owner’s Initials

TERMS AND CONDITIONS OF RENTING

Coesewijne Apartments Suriname

1 Explanation of terms

1.1 Tenant

The person (head tenant) who signed the

Rental Agreement and has the permission to

stay in the apartment.

1.2 Joint tenant

The person who stays in the apartment under

responsibility of Tenant.

1.3 Owner

The legal Owner Coesewijne Apartments

NV established at Paramaribo Surinam, or

the Manager.

1.4 Visitors

Persons who are visiting Tenant and access

the premises being accompanied by Tenant.

1.5 Apartment

A rentable unit which constitutes part of the

apartment complex of Coesewijne

Apartments

1.6 Apartment complex

The premises at the Coesewijnestraat 3b,

Paramaribo Suriname.

1.7 Communal spaces

The garden located at the Coesewijnestraat

3b, the terraces, the parking lots, the laundry

and the carport.

1.8 Utilities

Electric and water supply installations,

satellite TV, WiFi internet, boiler and water

pump.

1.9 Inventory and condition report

Report that describes the condition of the

apartment, the appliances, installations and

inventory, including any damages before

Tenant moves in, and after he moves out.

The report at the beginning of the lease is

called the move-in inspection report, and the

report at the end of the lease is called the

move-out inspection report.

1.10 No-show

Failure by Tenant to arrive at all without

prior cancellation of the Rental Agreement.

1.11 Security Deposit

Money or other items given by Tenant to

Owner at the beginning of the lease.

The security deposit, or damage deposit is

held by Owner who may deduct costs of any

damage caused by Tenant during the lease

period or of other obligations of Tenant to

Owner. Unpaid fees are not waived and shall

be deducted form the security deposit at the

end of the lease.

1.12 Reservation Value

In total expected turnover (including VAT)

relating to the Rental Agreement concluded

with Tenant.

1.13 Cancellation

The written statement made by Tenant to

Owner that the agreed reservation for lease

and additional services (such as transport)

will not be used entirely or partially, or the

written statement made by Owner to Tenant

that the agreed reservation of the lease and

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additional services will not be complied with

entirely or partially.

2 Constituent of the Rental Agreement

2.1 These terms and conditions of renting are

part of the Rental Agreement.

3 Liability and responsibilities of owner

3.1 Owner is responsible for the right and proper

implementation of the obligations as

stipulated in the Rental Agreement.

3.2 Owner and Tenant must jointly complete an

inventory and condition report at the

beginning and end of the lease. Both parties

must sign the report if they agree.

3.3 Owner has the duty to ensure that the

apartment is transferred to Tenant in a neat

and clean condition. Any comments by

Tenant must be personally presented to

Owner within 24 hours.

3.4 Owner (or manager’s employees and agents

on official business) has the right to enter the

apartment by duplicate or master key in case

of emergencies. Furthermore, peacefully and

at reasonable times, in order to inspect the

unit, conduct cleaning, do routine repairs and

maintenance, and to ensure compliance with

the provisions of the Rental Agreement.

A written notice of entry is left in a

noticeable place immediately upon entry.

3.5 Owner reserves the right to lay down rules

and policies at any time felt necessary to

ensure harmonious operation of Coesewijne

apartments. These regulations are in writing

and shall be considered part of this

agreement.

3.6 Owner reserve the right to terminate the

Rental Agreement without resorting to court

process, if after written notice Tenant fails to

abide by the terms of lease (such as payment

conditions).

3.7 In the event of Tenant’s misbehavior

resulting in violation of privacy of other

tenants, or in case of any nuisance caused,

Owner has the right to refuse Tenant the

access to the general premises, after a first

warning.

3.8 Owner’s insurance policies provide no

coverage for the loss or damage of personal

belongings of Tenant, which has arisen

during the lease.

Owner shall not be held responsible or liable

for any of these losses or damages. It is

suggested that tenants consider obtaining

their own insurance to cover loss of their

personal property.

3.9 Owner is not responsible for the non-

implementation or improper implementation

of the Rental Agreement, if the

shortcomings, judging by the Surinamese

law or by in Surinam applying conceptions,

cannot be ascribed to Owner.

3.10 Owner is not responsible for temporary

outage or breakdown of the water and/or

energy supply in and around the apartment,

change in access routes or traffic

connections, displacement and/or fence of

shops’ closing times, offices etc,

construction activities and roadblocks

around the apartment complex as far as these

are not announced in advance.

3.11 Owner is not responsible or liable for

damage as a result of circumstances beyond

one’s control such as natural disasters,

extraordinary weather conditions, war,

strikes, riot, oil - and petrol rationing.

3.12 Owner is not responsible for damage as a

result of improper implementation of this

agreement, if and as far as this is attributed

to Tenant.

4 Liability and obligations of Tenant

4.1 Tenant, who is mentioned in this agreement,

is responsible for the joint tenants and

possible visitors.

4.2 Tenant is responsible that the apartment is

never inhabited without special authorization

of Owner by more persons than is indicated

in the Rental Agreement.

On exceeding this number the Rental

Agreement is legally dissolved and access to

the apartment is denied without notice and

without refunding the rent or part of it.

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4.3 Tenant only allows persons she/he knows to

the premises. Thus Tenant prevents

unauthorized persons to enter communal

spaces unlawfully.

4.4 Tenant carefully manages the access keys to

the apartment and laundry. Thus, Tenant

prevents unauthorized person to obtain keys

and unlawfully access the apartment and the

communal spaces. Keys may not be

duplicated without Owner’s written consent.

4.5 Tenant must not disconnect or intentionally

damage a smoke detector located within the

apartment complex or remove the battery

without immediately replacing it with a

working one.

Tenant will be charged €100 for disabling a

smoke detector and will be held solely liable

for any action or consequence that directly

results from the malfunction of that damaged

or defective smoke detector and/or from a

dead and/or missing battery.

4.6 Tenant is responsible for the apartment and

its inventory of any kind.

4.7 In case of damage to the apartment or

inventory, Tenant is obliged to inform

Owner within 24 hours.

Tenant will be liable for the charges for

replacement or repair of damage caused by

Tenant’s negligence, carelessness, abuse or

by accident. These costs must be

compensated on the spot.

4.8 Tenant obliges himself to refrain from any

action that could cause embarrassment or

nuisance to Owner and/or other Tenants.

4.9 Tenant is allowed to use communal spaces

and facilities.

Tenant respects the rights of other tenants to

access and share those spaces and facilities.

4.10 Tenant is not allowed to make changes in the

apartment without consent of Owner.

4.11 Tenant must see that the following electric

appliances are turned off at leaving the

apartment complex: the AC, TV, washing

machine, dryer, and kitchen appliances (with

exception of the refrigerator). Tenant is

liable for all related costs of damage caused

by misuse or neglect of mentioned

appliances.

4.12 Tenant must keep the apartment neat and

clean throughout the lease. Upon termination

of this agreement, Tenant must follow the

move-out instructions.

Tenant shall be charged for extra cleaning of

draperies, furniture, carpets, walls, etc. that

are soiled beyond normal wear and tear as

the result of Tenant’s negligence,

carelessness, abuse or by accident.

5 Arrival and Departure times

5.1 The apartment is available between 16:00

and 23:00 pm on the day of arrival and must

be vacated in a clean, tidy and hygienic

condition by 12:00 pm on the day of

departure.

5.2 If Tenant’s arrival is delayed Tenant must

inform Owner so that suitable arrangements

can be made for entry to the apartment.

6 Payment Conditions

6.1 All payments must be made in advance by

bank transfer to Owner’s bank account.

6.2 In order to make a reservation for an

apartment the following payment conditions

apply:

! At concluding the Rental Agreement,

35% of first month’s rent is required.

! The balance of the first month’s rent

must have been paid 30 days prior to

arrival along with the security deposit.

Payment of security deposit should be

made separately.

! Full payment of the first month rent is

also required in case the Rental

Agreement is concluded in less than 30

days before occupancy.

! The subsequent month(s) rent is due on

or before the first day of each month.

7 Rates, interim payment and security

deposit

7.1 All rates are in Euros (VAT included) and

include costs for cleaning and linen service,

security, WIFI internet access, satellite TV,

electricity and water usage.

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7.2 Rates mentioned in brochures and on

websites are rates with reservation.

7.3 Changes in the apartment rates cannot be

made after the Rental Agreement has been

concluded.

7.4 Owner may require interim payment for

granted services at any time.

7.5 Owner may require a security or damage

deposit from Tenant up to the amount of one

month’s rent minus interim payments, if any.

The security deposit will be refunded to

Tenant at the end of rental term (however it

ends) at the forwarding address, provided

that there are no damages and the apartment

is left in good condition. No interest is

payable to Tenant with respect to deposit

money.

8 Complaints

8.1 Any claims concerning appliances or other

equipments which are not present or

malfunctioning in the apartment must be

notified to Owner by Tenant within 24 hours

by telephone, in writing or personally.

Tenant is obliged to give Owner 48 hours

time to replace or repair appliances or other

equipments.

8.2 In case of damage Tenant is obliged to limit

the damage as much as possible, so that loss

for Owner is minimal.

8.3 If the complaint is not solved satisfactorily,

Tenant submits within 2 weeks after

returning home a written and motivated

letter (by fax or by e-mail) to Owner. The

latter has the duty to do its utmost to reach a

solution that is mutually satisfactory to all

parties involved within two weeks.

8.4 In the event Tenant vacates prior to the end

of lease term, or fails to lodge a complaint

within 24 hours, Owner is not obliged to

consider complaints or any refunding.

9 Cancellation

9.1 Any cancellation made by Tenant must be in

writing and addressed to Owner (at the

address indicating in the Rental Agreement).

Cancellation is only effective from the day

of receipt of notice by Owner.

9.2 In case of cancellation of the agreement

Owner will charge Tenant the following

cancellation or administrative charges:

! 35% of the total rent if cancellation takes

place between 60 and 30 days prior to

the arrival date.

! 100% of the total rent if the cancellation

takes place less than 30 days prior to the

arrival date.

9.3 Tenant is allowed to transfer the rented

apartment to another tenant only after

consultation with Owner. The replacing

tenant and the original tenant are jointly

severally responsible for the payment of any

part of the rent due. The original tenant must

pay €50,-- for administrative charges

9.4 In case of no-show, Tenant remains liable

for payment of rent and all related costs.

9.5 If Owner is forced, due to circumstances

beyond his control, to alter or cancel the

booking, Owner will offer Tenant the choice

between:

! renting another equivalent apartment

with the same services agreed, or

! refunding the advance rent deposit.

In both cases Tenant disclaims any further

rights.

10 Smoking policy

10.1 Smoking is not allowed in any apartment

building, including the laundry.

11 Pets

11.1 Pets of any kind are not allowed, even

temporarily, in the apartment or on the

general premises.

12 Jurisdiction

12.1 This agreement is governed by and

subordinates to Surinamese law and said law

shall solely apply in any conflict, thus is

settled under the jurisdiction of the place of

Owner’s business.