What terms and conditions apply to commercial leases in China?

In China, commercial leases have several terms and conditions that must be adhered to. For instance, the duration of the lease should be clearly stated in the agreement. In most cases, the length of lease is typically one to five years, although longer leases may be negotiated. The amount of rent must also be agreed upon and stipulated in the lease. Additionally, the rights and responsibilities of both parties should be outlined in detail. Further, the property owner and tenant must agree on the terms of transferring ownership at the end of the lease, including, but not limited to, whether the tenant has the right to renew the lease and, if so, at what price. The law also requires that all parties should be in agreement on the types of activities that will take place on the leased property, and whether or not is it is possible to sublet the space. This includes any necessary permits for operating a business on the property. Moreover, the law stipulates that the tenant must pay all necessary fees and taxes associated with the lease and the tenant must also agree to bear any unbudgeted repair and maintenance costs. Lastly, all parties must agree on an evacuation plan in case of emergency.

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What terms and conditions apply to commercial leases in China?

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