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Lease agreement |: Law firm

Lease agreement |: Law firm

It should be noted that the fruits, products and income received by the lessee as a result of the use of the leased property are his property, unless otherwise provided by the contract. Land plots - other isolated natural objects, buildings, structures, equipment, vehicles - other property that do not lose their natural properties (non-consumable property) may be leased.

 

The law may define the types of property for which the leasing is not permitted or restricted. The lease agreement must include information that allows the property to be leased to the lessee to be specified.

 

In the absence of such information in the contract, the condition of the lease object is considered uncoordinated, and the relevant contract is considered not concluded. The right to lease the property belongs to its owner.

 

Note, however, that landlords may be persons authorized by law or authorized by the landlord to lease the property. According to Part 1 of Article 610 of the RA Civil Code, the lease agreement is concluded in writing. As for the real estate lease agreement, it is subject to notarization.

 

In addition, it should be noted that the rights arising from the real estate lease agreement are subject to state registration. It may be noted that the lease agreement is concluded for the term specified in the agreement, but note that if the term of the lease is not specified in the agreement, the lease agreement is considered concluded for an indefinite period.

 

In this case, each party has the right to withdraw from the lease agreement at any time, notifying the other party one month in advance, and in the case of real estate lease, notifying it three months in advance, unless otherwise provided by law.

 

According to Part 1 of Article 613 of the RA Civil Code, the landlord is obliged to provide the property to the tenant in a condition corresponding to the significance of the property. Note that the tenant is obliged to pay the fee (rent) for the use of the property on time.

 

The procedure, terms and terms of payment of rent are determined by the lease agreement. If they are not specified in the contract, the procedure, terms and conditions normally applicable in comparable circumstances when renting the same property shall apply.

04.02.2022

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