Sample Business Contracts


China-Hainan-Farming Bureau Building Rental Agreement - Hainan Farming Bureau Testing Center and Hainan Agricultural Resources 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. 

                                RENTAL AGREEMENT


PARTY A:  HAINAN FARMING BUREAU TESTING CENTER

PARTY B:  HAINAN AGRICULTURAL RESOURCES COMPANY LIMITED


     Party A and party B agreed the terms and conditions as follows:


1.   Party A has agreed to rent the sixth floor of Second Phase of the Farming
     Bureau Building (the "Building") to Party B for office use.

2.   The rental period is for eight years which starts from October 1, 1996 to
     September 30, 2004. After the completion of the rental period, if Party B
     still wish to use the Building, under the same terms and conditions as
     offered to other party, Party A should give Party B the priority to rent
     the Building.

3.   The rental are charged by intervals. from October 1, 1996 to September 30,
     2000, the monthly rental payment is Rmb Six Thousand Only. From October 1,
     2000 to September 30, 2004, the monthly rental payment is decided by
     mutual agreement of both parties based on the market price at that time
     with preferential terms as offered by Party A.

4.   The rental amount is paid semi-annually in advance. The first installment
     should be paid within 10 days after the signing of this agreement. The
     following rental payments should be made payable within 10 days after
     every six months.

5.   This agreement shall be terminated automatically if Party B delays the
     rental payment for two months.

6.   If Party B intends to make any renovation work on the Building, Party B
     should inform Party A of the scale of the renovation work first and
     renovate in accordance with the rules and regulations as imposed by the
     government. All the costs and expenses incurred thereon and all the effect
     inherent with the renovation work should be borne by Party B.

7.   Party B shall not change the structure of the Building and its usage.
     After the termination or expiry of this agreement, Party B should demolish
     any add-in facilities and make the Building clean.

8.   Party B shall take the sole responsibility of the safety and sanitary of
     the Building.

9.   Party B shall not sub-lease the Building, or otherwise, Party A shall have
     the right to terminate this agreement and retain the Building.

10.  All the electricity and building management fee shall be decided by Party
     B and the Management Division of Farming Bureau Building mutually, and
     shall be paid by Party B directly to the Management Division of Farming
     Bureau Building.

11.  During the rental period, Party A shall have the right to retain the
     Building in accordance with the requirements imposed by its superior
     government divisions because of the changes in State or government
     policies. Under this situation, Party A should inform Party B 30 days in
     advance and terminate the agreement. Party A should also repay back the
     excess of the rental to Party B and Party B should move out the Building
     unconditionally.

12.  Any taxes or government charges payable during the rental period should be
     borne by either party in accordance with the terms of this agreement.

<PAGE>   3


13.  Both parties shall make any supplementary provisions after mutual
     agreement and these provisions shall have the same legal effects as other
     provisions in this agreement.

14.  This agreement has altogether four copies, each party shall retain two
     copies. This agreement is effective upon the date of signing by both
     parties.




For and on behalf                            For and on behalf
Hainan Farming Bureau Testing Center         Hainan Agricultural Resources
                                             Company Limited




/s/  Huang Xiang Qian                        /s/  Lin Jia Ping
______________________________               ___________________________


Date:  August 9, 1996

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