Property Leasing Clause Samples

Property Leasing. The proposed annual caps, being the total rent and related fees payable by the Group to Sinochem Group and/or its associates under the Property Leasing Framework Agreement, for the three years ending 31 December 2017 are RMB68,000,000, RMB71,000,000 and RMB75,000,000 per annum, respectively. The proposed annual caps for the transactions contemplated under the Renewed Ship Charter Framework Agreement were determined by the Directors with reference to (i) the historical transaction amounts; (ii) an expected approximate 20% growth in the demand for our ship charting and other related products and services for each of the three years ending 31 December 2017; and (iii)an expected approximate 20% growth in the charterhire for the period of three years ending 31 December 2017 compared with that for the year ending 31 December 2014.

Property Leasing. Pursuant to the GD Cinema Circuit Property Leasing Framework Agreement, Digital Huigu agreed to lease to GD Cinema Circuit Group certain properties with a total gross area not exceeding 2,300 square meters located at the Property Site. Digital Huigu will enter into individual property leasing agreements with members of the GD Cinema Circuit Group, setting out specific terms including term, consideration, area of the leased property and payment terms. Such terms will be consistent with the principles and terms of the GD Cinema Circuit Property Leasing Framework Agreement.

Property Leasing. The proposed annual caps for the transactions contemplated under the Property Leasing Framework Agreement were determined by the Directors with reference to (i) the historical transaction amounts; (ii) an expected approximate 10% growth in the demand by the relevant parties for leasing of properties for the year ending 31 December 2015; (iii) an expected approximate 10% growth in the rent for the year ending 31 December 2015; and (iv) an expected approximate 5% consolidated growth in transaction amounts for each of the two years ending 31 December 2017, taking into account the increase in demand by the relevant parties and the expected growth in the rent. The Group carries on ship chartering in its ordinary course of business. Sinochem Group is a large-scale enterprise with variety of business interests. From time to time, Sinochem Group and its subsidiaries and/or associates require the charter of vessels to transport cargo between ports. In light of its needs in business operation, the Group had entered into separate property leases with Sinochem Group and its associates from time to time. All of these property leases shall terminate on 31 December 2014. As the Group has already been occupying and leasing the same units at prevailing market rates from Sinochem Group and its associates, the Directors are of the view that substantial time and costs can be saved if the Group renews the individual leases entered into with Sinochem Group and its associates instead of moving to other buildings. In addition, by entering into the Property Leasing Framework Agreement, the Company will be in a better position to regulate and monitor the transactions contemplated thereunder. The Directors (including the independent non-executive Directors) consider that the transactions under the Renewed Ship Charter Framework Agreement and the Property Leasing Framework Agreement are entered into after arm’s length negotiations and based on normal commercial terms; and the terms of such transactions and the proposed annual caps are fair and reasonable and are in the interests of the Company and its shareholders as a whole. By virtue of the positions held in Sinochem Group by each of ▇▇. ▇▇▇ ▇▇▇▇▇ and ▇▇. ▇▇▇▇ ▇▇▇, all being Directors, they are considered to have a material interest in the entering into of the Renewed Ship Charter Framework Agreement and the Property Leasing Framework Agreement, and have abstained from voting on the resolutions approving the Renewed Ship Charter Fr...

Property Leasing. 2.01 Leasing to Tenants. Manager will be Owner’s exclusive agent to lease the Property. Manager will use reasonable efforts to keep the Property leased. Manager is authorized to execute, deliver, and ▇▇▇▇▇ leases on behalf of Owner. Manager will use ❑ Manager's then current standard lease or CAR form, ❑ Owner’s lease form, or if a specific lease form is required for a regulatory agency having authority over the Property, the required lease form. Manager may set rental terms (including term of rental, rental rate, security deposit amounts and rental concessions) in accordance with Manager's reasonable business judgment, prevailing market conditions, and any governmental regulations, unless otherwise directed by Owner. Manager may advertise Property availability using appropriate media, such as publications, internet, displaying signs on the Property and by any other methods customarily used by Manager.

Property Leasing. Owner hereby retains Leasing Agent during the term of this Agreement as Owner’s exclusive leasing agent in connection with the Property. Leasing Agent shall use commercially reasonable efforts to lease space at the Property to desirable tenants at the highest possible net effective rents. Leasing Agent shall perform its leasing responsibilities hereunder in accordance with commercially reasonable standards and practices. Without limiting the generality of the foregoing, Leasing Agent’s responsibilities as leasing agent shall include the following: (a) Conduct such advertising, marketing and promotion of the Property as is necessary for the successful leasing of the Property; (b) Diligently investigate and pursue all prospective tenants and conduct such canvassing and other solicitations as are necessary in connection with the leasing of the Property; (c) Direct and conduct lease negotiations; and (d) Use all reasonable efforts to obtain and keep desirable tenants for the Property. Owner shall reimburse Leasing Agent for all out-of-pocket expenses related to leasing the Property including without limitation, signage, costs of postage, telephone, mailings, presentations, reports, leasing plans, descriptive brochures and other forms of advertising related to leasing of the Property; all expenses must be approved by Owner before the expense is incurred.

Property Leasing