Land Lease Agreement Act

All types of personal items (for example. B cars and furniture) or real estate (for example, land. B.raw buildings, detached houses and commercial buildings, including wholesale and retail businesses) may be leased. Through the rental agreement, the landlord (owner) grants the tenant the use of the land indicated. A periodic tenancy agreement, also known as rent from year to year, month to month or week to week, is a reduction that exists for a specified period, determined by the duration of the rent payment. A verbal tenancy agreement for a lease of years contrary to the law on fraud (by the obligation of a lease of more than one year – depending on the jurisdiction – a year without written writing) can actually create a periodic tenancy agreement, according to the laws of the jurisdiction in which the rented premises are located. In many legal systems, the “standard” lease, for which the parties have not explicitly established another agreement and for which no local or commercial practice is presumed, is a monthly lease. A contractual provision limiting the tenant`s rights to termination and termination of the contract is not valid. The lessor also has the right to terminate the lease in the event of the tenant`s bankruptcy if the bankruptcy estate does not declare within at least one month that it agrees to meet the tenant`s obligations. The lessor is entitled to compensation for the damage suffered. A rental agreement should be compared to a license that can give a person (a so-called licensee) the right to operate the property, but which can be terminated according to the will of the owner of the property (the licensee).

An example of a donor/licensee relationship is a parking owner and a person who parks a vehicle in the parking lot. A license can be seen in the form of a ticket to a baseball game or an oral permit to sleep for a few days on a couch. The difference lies in the fact that when it comes to a term (final time), a certain degree of privacy that indicates the exclusive possession of a clearly defined party, current and recurring payments, the absence of termination rights, except in cases of fault or non-payment, tend these factors towards a lease; On the other hand, a single access to another person`s land is probably a license. The essential difference between a lease and a licence is that a lease generally provides for periodic payments during its term and a specified end date. If a contract does not have a deadline, it may be an indeterminate licence and is still not a lease agreement. The Rent Act also contains other reasons that haunt the landlord to terminate the lease with immediate effect. The lessor has the right to terminate the lease if the tenant has refused significantly. B the tenant`s obligation to build.

The termination and purpose of a fixed-term land lease may only take place for legal reasons in the Rent Act and the parties cannot agree on other grounds for termination of the agreement, with the exception of the lease agreements for built land and farmland and the lease of other lands. An agreement on the lease of land cannot be terminated at all. A lease is often called a lease, especially when real estate is leased. The rental of real estate is done through a rental application that will be used to establish the rental conditions. In addition to the basics of rent (who, what, when, how much), a real estate rental can go much more in detail on these and other issues. The property can be rented for housing construction, vehicle parking, storage, agriculture, institutional or government use or for other reasons.

About the Author