Common use of Return of the Premises Clause in Contracts

Return of the Premises. Immediately upon expiry of the lease period or termination of the Contract, the Lessor shall settle with the Lessee any rents and relevant charges as agreed in Article 5, whereas the Lessee shall return to the Lessor the Premises along with any auxiliary equipment as well as complete a handover inspection procedure and household deregistration or other kinds of deregistration. For the purpose of returning the Premises as prescribed in the preceding paragraph, if either party fails to participate in the joint handover inspection within the required time limits despite the other party’s request giving a specified deadline, the handover inspection shall be deemed completed. If the Lessee fails to return the Premises as agreed under Paragraph 1 of this Article, the Lessor shall immediately make it known to the Lessee that the Contract shall not continue on an indefinite term and request the Lessee to pay an amount equivalent to the rent payable for the Lessee’s past-due occupancy, including the current month, on a monthly basis (or on a daily basis in case of a period less than a month) until the Lessee returns the Premises.