CONTRACT FOR MONTHLY RENT OF HOUSE
The Contract has been entered between the Lessor and Lessee in terms and conditions set forth in the following.
1. INDICATION OF THE REAL ESTATE
Location: 681-9 Jakjeon-dong Gaeyang-gu Incheon-city Usage: site for factory
Structure & Use: Reinforced steel concrete factory Area: 1,712 m2 (518 pyeong)
Rental Area: partial of 1st story (about 130 pyeong)
2. CONTRACTUAL MATTERS
Article 1 The Contract has been entered between the Lessor and Lessee in terms and conditions set forth in the
Key money: Thirty Three Million Won Only (33,000,000 won) Advance payment: 6,000,000 won at the time of
this contract is signed. The partial payment in_________ shall be payable on _________. Final payment:
27,000,000 won by September 16, 2002 Monthly pay: 3,400,000 won (16th day of every month)
Article 2 The term of lease shall be Twelve (12) months to September 16, 2002.
Article 3 The Lessee shall not use the said real estate as indicated hereinabove for any other purpose than the
usage or change in the structure, re-lease, assign and provide for security without prior consent by the Lessor.
Article 4 If the Lessee fails to pay the monthly rent for two (2) months or more, the Lessor may terminate this
lease contract without urge and require for return of the leased premises.
Article 5 The Lessee may renovate or alter the house under approval by the Lessor however, it shall be restored
to the original condition at its own expense prior to expiration of this contract.
Article 6 Before payment of the balance left over to the Lessor by the Lessee this contract may be terminated
however, if the Lessor terminates it shall reimburse two times of the contract key money to the Lessee and if the
Lessee terminates it shall waive the contract key money.
Article 7 The brokerage shall respectively be paid by the both parties hereto at the time of this contract is made.
VAT is charged additionally and the maintenance fee is 1,00