1.10 This leasing agreement may be concluded in English and other languages. In the event of a contradiction between the contract in its various translations, the English version takes precedence. 5.1.1 the inability of the lessee to pay the rents due under the car rental agreement within 60 (sixty) days from their due date, unless such delay has been explicitly agreed between the parties. This lease (lease, contract or lease) is entered into between the persons referred to below as the “tenant” and Catamount Student Housing, llc d/b/a redstone lofts, called “lessor” and is only mandatory if. PandaTip: If you do not wish to include the right to arbitration or wish to choose another arbitrator, please delete or modify this clause. Arbitration proceedings are a private agreement (unlike a legal case) and are sometimes involved in showing the parties that they cannot profit from it by threatening to take legal action, but that they must be prepared to go through a fair arbitration hearing. . . .