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.

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.

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        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)


Party B:       Weifang Fuhua Amusement Park Co., Ltd. (Seal)

Representative: Yongxin Zhang

Date of Signature:  March 10, 2001