Lease Agreement is a civil law agreement concluded between the lessor (the owner of the property) and the lessee (the person temporarily using the property for a fee).

The lease agreement confirms the transfer of property from the landlord to the tenant for a specified period with the obligatory payment of rent. It is important to note that the landlord retains ownership of the property, but grants the tenant the right of temporary use.

Types of lease agreements:

  1. Real estate rental. The most common type of rental, which includes rental of residential and commercial premises, offices and warehouses.
  2. Lease of movable property. This may include the lease of cars, construction equipment, machinery, and even furniture. Such contracts may include insurance of the leased property and special conditions for its return.
  3. Lease of land plots. This type of lease is regulated by special legislative norms, since the lease of land may be related to the intended use of the plot. For example, the lease term for construction is limited to five years.

A lease agreement is a document that protects the interests of both parties. In the event of disputes or violations of the terms of the agreement, each party can go to court to protect their rights. For example, the landlord can collect unpaid rent, and the tenant can demand that defects in the property be corrected.