Factory Leasing in Taichung Industrial Park: Site Viewing, Letter of Intent, Signing, and Key Lease Terms

TL;DR: Leasing a factory at Alliance Park takes six steps: book a site viewing, needs assessment, Letter of Intent (LOI), negotiation of terms, formal contract signing, and handover. Lease terms are typically 5 years or longer. Before signing, confirm permitted use, power capacity, fit-out rules, and the split of repair responsibilities.

Leasing Process Overview

1. Book a site viewing
2. Needs assessment and specification review
3. Sign a Letter of Intent (LOI)
4. Negotiate terms and review the draft lease
5. Formal contract signing
6. Handover inspection and move-in

Step 1: Book a Site Viewing

Book through the Contact Us form on our website, by phone, or via LINE. To help us arrange the right park and floor, please share:

• Company name and industry
• Required floor area (ping) and target move-in date
• Equipment weight and power requirements (HP or contract capacity)
• Whether you need Factory Registration

Bring your equipment list and layout ideas to the viewing so you can check Clear Height, Floor Loading Capacity, truck access, loading space, and power distribution on site.

Step 2: Needs Assessment and Specification Review

After the viewing, we assess your operational needs together, including:

• Whether the land-use zoning permits your industry
• Building use permit purpose and Factory Registration feasibility
• Power upgrades, air conditioning, ventilation, and fire safety needs
• Fit-out scope and construction schedule

Step 3: Sign a Letter of Intent (LOI)

A Letter of Intent confirms both parties' intention to proceed and the main commercial terms, typically including:

• Leased premises (park, floor, area)
• Rent, management fee, and security deposit
• Lease term and commencement date
• Rent-free fit-out period
• Reservation period and holding deposit (if any)

An LOI is generally not the same as a binding lease, but it prevents misunderstandings about core terms during later negotiation.

Step 4: Negotiate Terms and Review the Draft Lease

A draft lease is prepared based on the LOI. We recommend having it reviewed by your legal team or an adviser. Special requests such as equipment delivery timing, signage, and parking allocation can be negotiated at this stage.

Step 5: Formal Contract Signing

Documents commonly required at signing:

• Company registration documents (registration record or incorporation approval)
• Identification of the responsible person
• Company seals
• Security deposit and first rent payment

Foreign or newly established companies are welcome to contact us before signing; we can explain the Factory Registration and administrative procedures.

Step 6: Handover Inspection and Move-in

At handover, both parties check existing equipment, power capacity, utility meter readings, and building condition against a handover checklist, with photos attached to the lease as the reference for the eventual return of the premises.

Key Lease Terms Checklist

• Term and renewal: Typically 5 years or longer; confirm renewal priority and rent adjustment method
• Rent and deposit: Frequency of rent adjustments, deposit amount, and return conditions
• Permitted use: Use must match the building use permit and Factory Registration
• Repairs: Who covers structure, roof, mechanical and electrical systems, and consumables
• Fit-out and reinstatement: Approval process and whether premises must be restored to original condition
• Subleasing and early termination: Whether subleasing is allowed, notice period, and penalties
• Insurance and safety: Public liability, fire insurance, and fire safety responsibilities
• Taxes: Allocation of building tax, land value tax, and business tax

FAQ

What is the minimum lease term? Lease terms are typically 5 years or longer, with flexible options discussed according to your business plans.

Can terms change after signing the LOI? The LOI sets the main terms; details can be negotiated at the draft lease stage, but core terms should be settled in the LOI.

Is a rent-free fit-out period available? Yes, it can be negotiated based on the scale and schedule of your fit-out works.

Book a Site Viewing

Visit our Contact Us page to book a tour of Alliance Park in Taichung Industrial Park. Our team will walk you through specifications and lease terms.