Sample Business Contracts

China-Beijing-Xicheng District-23 Jinrong Avenue Lease - Beijing Ping'an Real Estate Development Co. Ltd. and China Finance Online (Beijing) Co. Ltd.

Free Customizable Lease Forms

  • Commercial Lease. 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.
  • Commercial Sublease. 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.
  • Sublease Agreement. 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 Lease. 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.
  • Office Space Lease. 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.

Sponsored Links

Lessor: Beijing Ping'an Real Estate Development Co., Ltd. (hereafter referred to
as "Party A").

Lessee: China Finance Online (Beijing) Co., Ltd. (hereafter referred to as
"Party B").

      Party A is a legal person entity in China and a developer of Peace Mansion
(the "Property") located at 23 Jinrong Avenue, Xicheng District, Beijing.

      Party A agrees to lease and Party B agrees to rent part of the Property,
and Party A and Party B hereby enter into this Contract upon friendly
consultation and free will. To confirm the rights and obligations of both
parties, Part A and Party B hereby agree on the following terms and conditions
with which both Parties must comply.


      Party B leases Units 610A, 610B, 611, and 615 (the "Leased Units") of
Peace Mansion from Party A for the purpose of business operation.

      The building area of the Leased Units is 558 square meters, as shown in
Appendix 1, which is marked in red on the floor plan attached to this Contract
for identification.


2.01  Both parties agree that the term of lease shall be two year(s), from July
      4, 2003 (date of leasing) to July 3, 2005 (the "Lease Term").


      Three months prior to expiration of this Contract, Party B may apply for
renewal and shall have priority to renew the lease under equal conditions. If
Party B fails to give such a notice, Party A shall have the right to enter the
Leased Units for inspection at a reasonable time, upon advanced notice, and
Party A shall have the right to lease the Leased Units to other parties.


      The rent per square meter of building area of the Leased Units is US $20.6
per month, and the total monthly rent is US $11494.80.


5.01  The rent deposit under this Contract is the equivalent of two (2) months
      of rent, or US $22989.60. Party B shall pay Party A two months of rent as
      a deposit on the date Party B signs this Contract. Party A shall have the
      right to deduct from the


      deposit any unpaid rent which is due or other liquidated damages and to
      claim any remaining balance from Party B.

5.02  The electricity deposit under this Contract is 8.55 RMB yuan/square meter
      of the Leased Units, or a total of 4770.90 RMB yuan. Party B shall pay for
      the electricity deposit on the date Party B signs this Contract. If Party
      B fails to make timely payments for the electricity charge, Party A shall
      have the right to deduct from the electricity deposit and to claim any
      remaining balance from Party B.

5.03  The rent and electricity deposits shall be refunded without interest to
      Party B within thirty (30) days after Party B has returned the Leased
      Units in good condition to Part A and paid all fees upon expiration of the
      lease contract.


6.01  Except by written consent of Party A, Party B shall pay the rent
      (including property management fee) and other fees under this Contract
      prior to the 7th day of each month (all aforesaid payments shall be paid
      in RMB and calculated according to the medium foreign exchange rate issued
      by the State on the 1st day of the month).

6.02  If Party B fails to pay or is late on making payments for relevant fees
      for reasons of its own, Party A shall charge a late fee of 0.05% of the
      overdue amount per day, but the late period shall not exceed thirty (30)

6.03  For any month during which the lease period is less than a month, all fees
      shall be prorated according to the actual number of days leased.


7.01  Party A or its authorized property management company shall be responsible
      for the management of the property, and shall provide the following
      services and facilities with compensation: power supply, lighting and
      other necessary ancillary facilities.

7.02  Party A may establish, publish, amend or void the Lessee Manual, Rules on
      Decoration, and other rules and regulations in accordance with the actual
      situations in managing the Property and give timely notice to Party B.

7.03  Party A shall reserve the following rights:

7.03.01   The utilities of the Property such as the pipelines for communication
          wires, water supply, electricity may pass through the Leased Units.
          Party A or its management company has the right to enter into the
          office space leased by Party B for inspection, maintenance or
          renovation but shall give Party B advanced notice.

7.03.02   Upon reasonable notice (except under emergency situations), Party A or
          the management company may temporarily suspend operation of any
          equipment or facility in the Property for maintenance.

7.03.03   The precondition for Party A's above mentioned actions is that they
          shall not bring about any economic loss to Party B. Party A shall
          return the Leased Units to the original condition upon completion of
          the inspection, maintenance or renovation project; otherwise, Party A
          shall be liable for damages.


7.04  Party A may terminate this Contract unilaterally if Party B fails to
      correct its improper practice upon notice by Party A under any of the
      following circumstances:

7.04.01   Party B changes the purpose of the Leased Units or is engaged in
          illegal operations

7.04.02   Party B runs a business in the Leased Units under a name other than
          its official corporate name.

7.04.03   Party B fails to pay the fees over thirty (30) days after their due

7.04.04. Without written consent by Party A, Party B subleases, sublets or
         transfers part of or the whole Leased Units to a third party or share
         the Leased Units with a third party.


8.1   Party B has the right to use the Leased Units within the lease term as
      long as it has paid the entire amount of rent (including property
      management fee) and other fees under this Contract, and performed the
      obligations under the Contract.

8.2   Party B has the right to use the public space and facilities of the
      Property in a reasonable manner and shall pay for any related expense.

8.3   Party B shall make timely payments for rents (including property
      management fee), electricity charges, phone charges, various deposits, and
      fees for services Party A or the management company provides to Party B
      with Party B's consent.

8.4   Party B shall be responsible for keeping the interior of the Leased Units
      in good condition.

8.5   Party B shall timely notify Party A or the management company if the
      Leased Units are damaged in any way. Party B shall take all necessary
      precautions to prevent the Leased Units from being damaged by storms or
      other natural disasters.

8.6   If Party B is responsible for any damage to the Leased Units, it shall
      have the units repaired according to the requirements of Party A or the
      management company within one month upon receiving notice from Party A or
      the management company. If Party B fails to have the units repaired
      according to the requirements, Party A or the management company has the
      right to enter the office space for maintenance and repair, and Party B
      shall be liable for the losses and fees resulting from its negligent

8.7   If the lease is terminated or canceled, Party B shall return the Leased
      Units in good condition (except for reasonable wear and tear). If Party B
      refuses or fails to comply with the aforesaid requirements, then Party A
      has the right to deduct a sufficient amount (including property management
      fees) from the deposit and use that amount to complete the restoration,
      dismantling, removal and repair of its own accord and to cover any losses
      suffered by Party A. Party A shall claim against Party B for the remaining
      costs if the deposits are not sufficient.

8.8   Party B must comply with the Lessee Manual and all regulations stipulated
      by Party A or the management company and related laws and regulations in

8.9   Party B shall not conduct or allow others to conduct any peddling activity
      in the Leased Units.



8.10  Without written consent by Party A, Party B shall not install any lock or
      security system on the doors of the leased offices. If alteration is
      needed, Party B shall apply in writing and may only proceed with the
      alteration upon receipt of written approval from Party A.

8.11  If Party B must decorate the units, Party B shall follow the application
      procedures in accordance with the Decoration Rules stipulated by the
      management company.

8.12  If Party B must redecorate the units, Party B shall reapply in accordance
      with the Decorations Rules and other procedures.

8.13  Without approval by Party A or the management company, Party B shall not
      erect any promotional material such as words, symbols or advertisements in
      any area outside the Property. Party B shall place its signs following the
      instructions of Party A or the management company. Party A shall provide
      Party B with a signboard in the lobby, and Party B must apply in writing
      for any additional sign and/or rental lamp chest for advertisement.

8.14  Part B shall not alter the building structure or external look of the
      Property; nor shall Party B block any window thereof.

8.15  Party B shall be responsible for any conduct by its employees, visitors,
      construction workers, and decoration workers and shall be liable for any
      damage to Party A or any third party caused by the conduct of the
      aforesaid persons.


     During the tenancy, the ownership of the building may be transferred by or
inherited from Party A, but the transferee or inheritor shall continue to comply
with the terms and conditions under this Contract.


10.01 If this Contract cannot be performed due to force majeure described in
      Article 11, the party affected by force majeure may terminate this

10.02 If one party breaches this Contract and brings about severe losses of
      property and possessions to the other party, the other party may terminate
      the Contract in advance and claim for damages against the breaching party.


      Should either of the parties to this Contract fails to perform this
Contract due to force majeure, such as earthquake, hurricane, flood, fire or any
other unpreventable or unavoidable event, the party affected by the force
majeure shall immediately notify the other party by telegram or facsimile and
shall provide, within fifteen (15) days, details about the force majeure and a
certificate explaining the reasons for failure or delay to perform all or part
of the Contract. The certificate shall be provided by a public notary at the
location of the force majeure event. The party affected by the force majeure may
be exempt from liability.



12.01 Except under Article 10 of this Contract, neither party shall terminate
      this Contract of its own accord. Either party who breaches this Contract
      shall be liable for damages due to the breach (including economic losses
      to the other party).

12.02 In no excuse shall Party B refuse to pay for last month's electricity or
      phone charges upon receipt of the bills if the bills are accurate;
      otherwise, Party B is in breach of the Contract. When the bills are past
      due for over seven days, Party A has the right to cut off the electricity
      power supply and the telephone communication until the fees are paid.

12.03 After signing this Contract, the party who terminates this Contract
      unilaterally shall compensate the non-breaching party by paying liquidated
      damages equal to two months of rent.

12.04 Party B's termination of the lease during the lease term shall constitute
      breach, and Party B shall pay Party A liquidated damages equal to two
      months of rent as compensation for Party B's unilateral breach of the

12.05 When Party A deducts from the deposits in accordance with this Contract,
      Party B must make up for the deducted amount in twenty (20) days;
      otherwise, Party B has breached the Contract. Then Party A shall have the
      right to terminate this Contract and repossess the Leased Units and Party
      B shall forfeit all rents and deposits already paid.


13.01 The formation, validity, interpretation, performance of this Contract and
      the dispute resolution thereunder shall be governed by the laws of the
      People's Republic of China.

13.02 When Party A and Party B dispute over this Contract, both parties shall
      make their best efforts to resolve the dispute through friendly
      consultation or mediation. If such consultation or mediation fails to
      resolve the dispute, then either party may submit the dispute to
      arbitration or resort to legal procedures.


14.01 If any of the clauses under this Contract is deemed invalid, illegal or
      unenforceable under the applicable laws, the validity, legality and
      enforceability of the other clauses under this Contract shall not be
      affected, and both parties shall remain obligated to perform the other

14.02 This Contract has two counterparts written in Chinese, with one for each
      of Party A and Party B. The two counterparts have equal legal effect.

14.03 This Contract shall become effective after both Party A and Party B sign
      their names and affix their seals.

Party A:        Beijing Ping'an Real       Party B:        China Finance
                Estate Development Co.,                    Online (Beijing) Co.,
                Ltd.                                       Ltd.

Legal                                      Legal
representative: [/s/ COMPANY SEAL]         representative: [/s/ COMPANY SEAL]

Authorized                                 Authorized
representative: /s/ Yi Zhang               representative: /s/ Linghai Ma

                June 30, 2003                              June 30, 2003