Intra-Asia Entertainment Corp Contracts
Sample Business Contracts
China-Shandong-Weifang Hi-Tech Development Zone Land Lease Agreement [Amendment] - Weifang Neo-Luck (Group) Corp. and Weifang Fuhua Amusement Park Co. Ltd.
Lease Forms
- Start a state-specific lease for the rental of commercial property. Specify the term and rent due, as well as whether the landlord or tenant is responsible for property taxes, insurance, and maintenance and repairs.
- When a tenant vacates commercial property before the lease term has expired, it may be able to rent the premises to a third party. The tenant would be the sublessor and the third party would be the sublessee. Besides preparing a sublease, both parties will want to review the provisions for assignment or subletting in the original lease agreement between the landlord and the sublessor.
- Tenants of residential property should prepare a sublease agreement if they are seeking to sublease a room or the entire apartment or house to a third party. All parties should review the original lease agreement to see if there are any restrictions on subletting or assigning the premises.
- Triple net leases are a type of commercial leases where the tenant has to pay for property taxes, insurance, utilities, and maintenance, in addition to the monthly rent.
- When renting an office space, tenants should understand the amount of the rent and duration of the lease. Other important terms include whether the space can be subleased, which parties are responsible for maintenance, and whether any furniture and furnishings will be provided.
AMENDMENT TO THE LAND LEASE AGREEMENT Based on the principles of equality, mutual benefit and paid utilization, Weifang Neo-Luck (Group) Corporation ("Party A") and Weifang Fuhua Amusement Park Co., Ltd. ("Party B"), after friendly negotiations, hereby enter into this Amendment (the "Amendment") to the Land Lease Agreement concluded between Party A and Party B, dated October 30, 2000 (the "Lease Agreement"). I. Lease Term 1. The lease term for the land leased by Party B from Party A shall be extended by ten years: the lease termination date of October 31, 2005 stipulated in the Lease Agreement shall hereby be extended to October 31, 2015. In the event that Party B shall need to continue to use the land upon expiration of the lease term, Party B shall have priority by submitting an application for extension 90 days before the term expires. II. Rent Amount 1. The annual rent amount shall remain 5,000,000RMB within the original lease term, namely, from November 1, 2000 until October 31, 2005 , and 2. The annual rent amount shall increase by 5% every five years as of November 2005. III. Payment of Rent 1. The amount and payment terms of the monthly rent shall remain unchanged within the original lease term, namely, from November 1, 2000 until October 31, 2005, and 2. The monthly rent payment as of October 31, 2005 shall be the average monthly payment based on the annual rent amount. No other term of the Lease Agreement shall be amended. This Amendment shall be effective upon its execution. Party A: Weifang (Neo-Luck) Group Corporation (Seal) Representative: Party B: Weifang Fuhua Amusement Park Co., Ltd. (Seal) Representative: Yongxin Zhang Date of Signature: March 10, 2001