comply with following measures:
1. If the buyer does not handle the house inspection procedures within 15 days after the information, the qualified commercial house delivery is regarded. Purchaser will pay for the related expenses caused by the delayed delivery during the period from the notice date to actual delivery date. 2. If overdue more than 60 days, the seller has the right to deduct the related expenses and return the purchaser’s payment for the house. LIANG Qiuling (signature)
Article Twelve The seller ensures that the commercial house for sale is not involved in dispute of ownership or credit’s rights and indebtedness. In case of the seller’s reasons that cause inability to handle ownership registration or occurrence of credit and debt dispute, the seller should undertake all the responsibilities.
Article Thirteen The Seller’s Penalty Commitment Regarding Decoration and Facility Standard
The decoration and facility standard of the delivered house is according to the attachment 3. If the decoration and facility are not qualified, buyer has right to handle the matter according the measure 1 as follows: 1. The seller shall compensate the double post of the decoration and equipments.
2. 3. Article Fourteen The Seller’s Promise on Formal Operation of Public Facilities and Basic Facilities
1. 2. 3. 4. 5.
If the conditions are not available up to the regulated date, the two parties agree to solve it as the following way:
1. 2.
Article Fifteen Agreements on Ownership Registration
The seller should, within 180 days after the commercial house delivery, submit ownership registration materials provided by the purchaser to the ownership registration administration for filing. If the purchaser cannot acquire real estate ownership certificate within stipulated time limit due to the seller’s reasons, both parties agree to comply with the following measure 2: 1. The purchaser cancels the house purchase, and the seller returns the paid-up house payment to the purchaser within 30 day after the purchaser’s house purchase cancellation, and pay 1% as of the paid-up house payment as the compensation for the purchaser’s loss.
2. The purchaser does not cancel the house purchase, and the seller pays
2% as of the paid-up house payment to the purchaser as the penalty. 3.
Article Sixteen Warranty Responsibilities
For the commercial house bought for commercial residence use, the Guarantee Letter of Residence Quality is the annex of this contract. The seller should assume relevant warranty responsibilities from the commercial house delivery day according to the commitments in the Guarantee Letter of Residence Quality.
For the commercial house bought for non-commercial residence use, both parties should make specific stipulations on warranty scope, period and responsibilities etc in form of contract annex.
As for the quality problems occurred within the warranty scope and period of the commercial house, the seller should perform warranty obligation. For the
damage caused by force majeure or not seller’s reasons, the seller will not undertake responsibility, but may offer assistance for maintenance. The maintenance charges will be paid by the purchaser.
. Article Seventeen Both Parties Agree on Following Issues:
1. The right to use the internal surface of the building where the commercial house locates: belongs to the concurrent owner;
2. The right to use the exterior wall of the building where the commercial house locates: belongs to the concurrent owner;
3. The right to name the building where the commercial house locates: approved by Beijing Local Bureau ; 4. The right to name the community where the commercial house locates: approved by Beijing Local Bureau ; 5. 6. Article Eighteen The purchaser’s house is only used for residence. During the use period, the purchaser cannot alter the main construction structure, bearing structure and purpose of the commercial house deliberately. Except otherwise regulated in this contract and the annex thereof, the purchaser is entitled to share the common parts and facilities related to the commercial house with other owners, and undertake obligations according to land occupancy area and apportioned area of common parts and public houses.
The seller cannot alter the function of the common parts and facilities related to the commercial house deliberately.
Article Nineteen For the disputes occurred during the performance of the contract, both parties will solve through discussion. If the discussion fails to work, the second measure as follow will be complied with: 1. Submit to Beijing arbitration committee. 2. Sue to the People’s Court according to law.
Article Twenty For the issues excluded in this contract, the supplementary agreement (annex four) should be signed upon both parties’ consents.
Article Twenty One The contract annexes bear the equivalent legal force as this contract. Within the contract and the annex thereof, the written characters filled in blank bear the equivalent force as the printed text.
Article Twenty Two This contract attached with annexes has 15 pages, and is done in 4 copies, which bear the equivalent legal force. The contracts are held as follow:
One copy for the seller, one copy for the purchaser, two copies for administration for real estate.
Article Twenty Three This contract comes into effect upon both parties’ signature.
Article Twenty Four For the advance sale of the commercial house, the seller should apply for filing registration to Beijing Chaoyang District Administration for Real Estate within 30 days after the contract becomes effective.
Seller: Beijing Zhongguang Real Estate Co., Ltd. (sealed) Legal representative: Signed on Jan. 4, 2004 Signed in Beijing
Purchaser: LIANG Qiuling (signature) Legal representative: Signed on Jan. 4, 2004 Signed in Beijing
Annex 1: House ichnography
Beijing Zhongguang Real Estate Co., Ltd. (sealed) LIANG Qiuling (signature) Annex 2:
Formation introduction of the apportioned construction area of public area and public houses
1. Floor 2 under the ground 2. Floor 1 under the ground 3. Floor 1
4. Floor 2 to Floor 22 5. Top Floor 6. Walls
All the public construction area is for residence and apportioned by proportion according to the document of J GTFGQ ZI [2000] No. 369.
LIANG Qiuling (signature)
Beijing Zhongguang Real Estate Co., Ltd. (sealed)
Jul. 5, 2002
Annex 3: Decoration and facility standards 1. Outer wall: 2. Inner wall: 3. Ceiling: 4. Floor:
5. Doors and windows: 6. Kitchen: 7. Lavatory: 8. Balcony: 9. Elevator 10. Others: