LEASE CONTRACT Essays - Economy, Law, Property, Renting,

LEASE CONTRACT Landlord: Claire ("Party A") Legal Address: Room 1320, 13/ F, No. 2 Building, JinShaZhu , No. 45 Xuelin Street, Hangzhou ID No.: 57563 66650 Tel: 010-56666461 Tenant: Danny Sebastian Bonilla Gomez ("Party B") Registered Address: Room 801, CYTS Plaza, No. 5, Wenyi Street, Hangzhou Contact: Xuelei Hou Tel: 010-55555555 Party A is a citizen of the People's Republic of China. Party A hereby agrees to lease and Party B hereby agrees to rent the House located at Xiasha , Hangzhou . Now, therefore, both Parties enter into this Contract. This Contract is entered into on the 1th day of November, 2015 by and between Party A and Party B. In order to specify the rights and obligations of both Parties, both Parties hereby enter into the following terms and conditions. ARTICLE 1 LEASED UNIT In accordance with the terms and conditions of this Contract, Party B hereby rents the property owned by Party A, which is lo cated at Room 2202 , 22/F, No. 18 Build ing, Jianwai SOHO , No. 39, Gaosha Road, Xiasha , Hangzhou ("Leased Unit"). The gross flo or space of the Leased Unit is 2 36.54 square meters. Party B's designated user will use the Leased Unit only as office. Without the consent of Party A, Party B may not sublease or assign the Leased Unit or any part thereof to any third party, or jointly use the same with any third party. Party B may not use the exterior wall of the building. ARTICLE 2 LEASE TERM AND RENT-FREE PERIOD 2.1 The lease term shall be three (3) years, as from November 1, 2015 November 1 , 201 8 ("Lease Term"). 2.2 The rent-free period sh all be 30 days, as from November 1, 2015 to December 1, 2015 . During the rent-free period, Party B is not required to pay the rent and the property management fees. ARTICLE 3 RENT AND OTHER FEES 3.1 Party B must pay the rent to Party A in accordance with this Co ntract at the rent rate of RMB 2,900 /month, including the fees of heating and initial internet connection (change to any of the costs will not change the total amount of the rent), but excluding fees of water, electricity, gas, local telephone, IP long distance telephone, broadband internet connection, property management fee, tax and any other fees and charges incurred from any other facilities exclusively used by Party B. If there is any other fee or charge incurred from the use of the Leased Unit by Party B, Party A may demand Party B to pay such fee or charge. 3.2 Party A shall issue a valid taxation invoice for the rent to Party B in accordance with the amount of rent s pecified herein. The tax of RMB 302. per month incurred from the payment of rent shall be borne by Party B. 3.3 Party A shall issue a valid invoice for the property management fee to Party B in accordance with the amount of the property management fee specified herein. The amount of property management fee is RMB 420 per month and shall be borne by Party B. 3.4 As a conclusion, Party B shall pay the gross rent of RMB 2900 per month. The time limit for the payment of any sum mentioned above shall be commenced from the date when Party B receives an invoice of rent, property management fee or any other fee issued by Party A. It is agreed that Party B may take following means to make payment: Party A issue an invoice in advance, and Party B make payment within five business days upon receipt of the invoice. If Party B makes payment according to the terms of payment mentioned above, it shall not be deemed as delay in payment. 3.3 Party B shall pay three months' rent in advance, and two months' rent are paid additionally as security deposit. 3.4 Party B shall pay the rent of the next month on or before the 10th day of each month. The initial rent s hall be paid on or before November 5, 2015 . If Party B is unable to pay the rent on time due