Leasing is the assignment, acquisition of temporary use or exploitation, whether of things, works, services, in exchange for a value. The lease value of the premises increased 50% compared to the previous year.
And the Lease contract is that contract through which one of the parties, designated as the lessor, undertakes to temporarily transfer the use and enjoyment of a thing, whether movable or immovable, to another party that will be called the tenant, who is obliged through the aforementioned contract to pay a value for that use and enjoyment.
The value can consist of a sum of money that is paid at once or in a periodic amount, which is popularly known as income. Likewise, that price or rent can be paid in any other way and as it has been agreed on from time to time. For example, if the object of the lease is a field, the lessee can pay the lessor for its use and enjoyment with the production of the field, which is called payment in kind.
Meanwhile, both landlord and tenant must observe a series of obligations and also enjoy rights ... in the case of the landlord: he must deliver the property to the tenant in optimal conditions, not intervene in the use of the property, guarantee its peaceful use, deliver it in the agreed time; and on the side of the tenant, he must respond for the damages he has suffered during its use, he must use it for what has been previously agreed, he must comply with the payment of the rent, take care of the leased property, return it according to the end of the contract .
Among the causes for termination of the contract are: nullity, death of either party, expiration of the stipulated term, force majeure, by mutual agreement, among the most common.
