A10:

When the lessee transfers the leasehold right, the transferee shall assume the obligations stipulated in the original lease agreement. Unless otherwise provided by law, the lessee shall, within one month after the date of the transfer, apply to the leasing agency for change and renewal of the lease agreement together with the transferee. Violation of the aforementioned regulations shall be handled as follows:

I. The leasing agency shall notify the lessee of afforestation land that he/she shall apply for the change and renewal of the lease agreement together with the transferee within one month; if he/she fails to do this, the lease shall be terminated.

II. For lease agreements other than those mentioned in the previous paragraph, unless otherwise provided by law, the leasing agency shall notify the lessee that he/she shall pay the overdue fine and apply for a change and renewal of the lease agreement together with the transferee within one month; if they fail to do this, the lease shall be terminated. (The overdue fine of the amount of the monthly rent paid in the month the leasehold is transferred shall be imposed for every month overdue, and the maximum penalty is the fine of the amount of five times the monthly rent).