Parties To The Lease Agreement – Landlord – Tenant

Parties To The Lease Agreement – Landlord – Tenant

Parties to the lease agreement

There are two parties to the lease agreement, the lessor and the lessee, which can be made verbally or in writing.

Lessor It is the party that transfers the right to use and benefit from the real estate subject to the lease to the lessee in return for a fee.

Lessee: The lessee, on the other hand, is the party who uses and benefits from the leased real estate for a temporary period of time in return for a certain price.

Lessor’s debts

1-Delivery obligation
2- Obligation to bear taxes and similar obligations
3-Obligation to bear ancillary costs
4-Responsibility for defects in the delivery of the leased property
5-Responsibility for the subsequent defects of the leased property (In case of defects, the lessee may terminate the contract or request a reduction in the rental price if he wishes).
6-Liability for seizure
Lessee’s Obligations

1-Obligation to pay the rent
2-The obligation to use the leased property with care and to respect the neighbors
3-payment of cleaning and maintenance expenses
4-Obligation to report defects to the lessor
5-The obligation to repair defects and to show the leased property