Common use of Restrictions on the use of the premises Clause in Contracts

Restrictions on the use of the premises. (1) The Lessee shall use the Premises or collect profits therefrom in the method as agreed upon, and shall abide by the rights and obligations as provided in the condominium regulations or any other stipulations set for the residents thereto. (2) The Lessee shall not, unless otherwise permitted by the Lessor, sublease the Premises, in whole or in part, for use by any third party. Where the Lessor permits the Lessee to sublease the Premises, the Lessor shall issue a “Letter of Consent on the sublease scope, the sublease period, and causes for termination of this Contract” (as shown in Attachment 2) to the Lessee who then shall present to the sublessee such proof of consent from the Lessor, so as to avoid future disputes and protect the Lessor’s and the sublessee’s rights and interests. (Paragraphs 1 and 2, Article 9 of the Rental Housing Market Development and Regulation Act) (3) Where the Lessee subleases the Premises, in whole or in part, the Consumer Protection Act does not apply to the Lessee upon any disputes over the terms of the Contract or the lease, since the Lessee is not the ultimate consumer. (4) Residences leased with this Sample Contract shall not be used for business purpose; therefore, the Lessor may refuse a lessee who is registered as a company or business and the sales (tax) registration thereof.