Lessee shall pay to Lessor a rent (the “Rent”) and maintenance fee (the “Maintenance Fee”) as specified below.3.2 The Rent shall be VND 71,143 (USD 3.25) /m2 x 4,856 m2 = VND 345,470,408 per month. 3.3 The Maintenance Fee shall be VND 9,851 (USD 0.45) /m2 x Maintenance Area of 7,284 m2 = VND 71,754,684 per year.3.4 The Rent and Maintenance Fee as set forth above are exclusive of VAT and bank transfer charge.3.5 Lessee shall pay bills of electricity, water, communications, environmental protection and other services to local authority or services providers whichever applicable.(i) Water: According to the unit price applied to Lease Area issued by the authorized body + (plus 5% wastage pipe). (ii) Power: According to the unit price applied to Lease Area issued by the authorized body.3.6 Lessee shall pay waste water treatment fee to the local authority. The fee is calculated on the basis of VND 15,000/m3 without VAT and drainage fee and 80% of fresh water.3.7 Lessor may adjust Rent every three (3) years based on the standard rent level in the same or nearby area, of which increase shall not exceed 15% of the Rent at that time. Maintenance Fee shall remain unchanged during the Lease Term.
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