Lease agreement
Party A
and B have reached an agreement through friendly consultation to conclude the
following contract.
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1.
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Party
A hereby agrees to lease Xx. 0-0, Xxxx 0, Xxxxxxxx 0,Xxxxx Xxxxxx, Xxxxxx
Garden, Jiangbei District, Chongqing to Party B, the rent is RMB 5000 per
month. The rent is payable semi-annually before the tenth day of each
period, and the term of the lease is 3 years. Party A has the priority to
extend the lease upon expiration.
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2.
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Party
B shall comply with the rules and regulations of Yanghe Garden, and all
the charges such as property management fee, elevator management fee, gas
fee, telephone xxxx, cable xxxx and so forth shall be paid by Party B
monthly in full amount before due
day.
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3.
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Party
A shall provide property certification to prove its legal ownership of the
property at Xx. 0-0, Xxxx 0, Xxxxxxxx 0,Xxxxx Xxxxxx, Xxxxxx Garden,
Jiangbei District, Chongqing.
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4.
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Party
B shall pay RMB 5000 as deposit to Party A; during the lease term, in case
Party B breaches this contract, Party A has the right to terminate the
contract, and deduct the deposit. In this case, Party B shall bear all
economic loss for Party A.
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5.
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During
the lease term, in case Party B fails to abide by the contract, Party B
shall pay Party A three times the amount of deposit as
compensation.
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6.
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Party
A shall provide Party B with a refrigerator, a washing machine, a 29-inch
TV, a set of couch, two air-conditioners, two beds with two mattresses, a
closet, and a stove.
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7.
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Party
A shall provide Party B with a land line
telephone.
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8.
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The
rent shall not be changed during the lease
term.
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9.
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Party
B is responsible for keeping the electronics and furniture provided by
Party A in good condition. Any damage due to improper use shall be
compensated based on the original price. Party B is not be responsible for
any damage caused by force majeure. Party A shall be responsible for
repairing and replacing all the non-functioning electronics. Party B is
not responsible for any influence of natural aging on furniture,
electronics, floor, and wall.
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10.
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Party
A will provide a list with model, certificate of origin, price, condition
of all the electronics and furniture provided by Party A. Each party holds
one copy upon signature for the purpose of the return of all the
facilities when the lease term
ends.
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11.
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Upon
expiration of the lease and acceptance of property condition inspection,
Party A shall return the RMB 5000 deposit to Party
B
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12.
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The
contract shall come into effect upon signature by both parties. There are
2 originals of this contract. Each party will hold 1
original.
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Party
A: Xx Xxx
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Party
B Xxxxxxx Xx
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December
1 2010
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