Characteristics of the Supplementary Agreement to the Lease Contract
1. The lease contract is a commitment, paid, and mutual contract. The establishment of a lease contract does not require delivery of the subject matter, so it is a promise contract; the lessee must pay rent to the lessor in accordance with regulations or as agreed, so it is a paid contract; the lessor has the obligation to hand over the leased property to the lessee for use as agreed, The lessee has the obligation to pay the rent as agreed, so it is a bilateral contract. This feature distinguishes it from a loan contract.
2. The subject matter of a lease contract can only be specific non-consumables. The subject matter of a lease contract may be movable or immovable property. But because the lessee must return it, it can only be specific non-consumable items.
3. A lease contract is a contract that transfers the right to use property. The lessee does not acquire ownership of the leased property.
4. The lease contract creates both a legal relationship of creditor's rights and a legal relationship of property rights between the parties. That is, generally speaking of the lease of real estate, it results in the lessee obtaining the right to lease and the right to buy first in the nature of property rights.
Main terms of the supplementary agreement to the lease contract
⒈Rent.
⒉The term of the lease.
⒊Purchase and delivery conditions of the leased property.
⒋Loss and damage of the leased property.
⒌Deposit and default clauses.
⒍Option clause.
⒎Sub-lease terms.
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