Lease-purchase of residential houses and construction works

means the lessee pays in advance to the lessor a certain percentage of the value of the leased residential house, construction work, or floor area in the construction work as agreed but not exceeding 50% of the lease-purchase contract value; the remaining amount is converted into rental to be paid monthly to the lessor for a certain period, unless otherwise agreed by the parties; after the lease term of the residential house, construction work, floor area in the construction work expires and when the remaining amount has been fully paid, the lessee has the ownership right to such residential house, construction work, or floor area in the construction work.