Land Renting and Expense Collecting Standards of Technology Industrial Parks Article 18

The land rental and expenses should be paid before the last day of each month. If payment is late, it shall be handled by the following agreement:1. If past due for more than one month and less than two months, penalty is collected at 5% of total amount of rental and expenses.2. If past due for more than two months and less than three months, penalty is collected at 10% of total amount of rental and expenses.3. If past due for more than three months and less than four months, penalty is collected at 15% of total amount of rental and expenses.4. If rent is past due after four months, not only are expense and penalty collected, but also the lease contract is terminated.The aforementioned delay in payment should be informed by the Bureau or Branches to renter in the written form.