When we talk about a lease, we refer to a type of contract that is normally established between two parties and that assumes that the first (the lessor) hands over some of their elements (furniture or real estate) to the second party (the tenant) so that use it for your own benefit. This lease agreement assumes that the second party, the tenant, must pay for that loan periodically over the time that is established by common agreement in the contract. In some cases, the payment may be in money and in other cases it may be by granting the lessor part of the product that the tenant achieves from the use of that space or element (for example, if a portion of land is rented to be worked) .
The lease is one of the most common contracts that can be given between two people and although in some cases it may have to do with economic activities, in other cases it is one that is established between a person who has a home available and another person looking for a place to live or to settle. Usually, the payment is called rent and can be given to the landlord every fortnight or once a month. It is also common for leases of this type to last between two and three years with the possibility of being renewed if both parties are satisfied with the other.
The lease is a type of contract that, due to the particular characteristics of the action, tends to leave the lessor better off. This is so if it is considered that this figure is entering a "risk" by delivering or assigning an asset of his for the usufruct of another person who may not even know. In this way, the contract usually establishes several elements that serve as defense and guarantee for the lessor, such as payments of deposits or advances (with the possibility of being returned if everything goes well), cancellation of the contract before time, increase of the rent depending on the economic conditions of the moment, charges and penalties when acting of the tenant, etc. For his part, the lessee cannot unjustly cancel the contract under penalty of being charged a fine for not having complied with all of it. The tenant usually has the possibility to request cancellation of the contract only if he does so in a clearly justified way.
