Parties and Obligations of the Lease Agreement

Parties and Obligations of the Lease Agreement

Parties to the lease agreement

There are two parties to a lease agreement: the lessor and the lessee.

Lessor: A person who transfers the right to use a good, together with the right to use it, to a lessee for a fee.

Lessee: A person who uses something for a temporary period of time in return for a certain price and benefits from its use.

The parties have a number of obligations arising from the lease.

Obligations of the lessor

1-Delivery obligation TCO 301 (818 SD 249/1)

2-Obligation to bear taxes and similar obligations TCO 302 (818 SD 258/1)

3-Obligation to bear incidental expenses TCO 303 (818 SD 258/2)

4-Responsibility of the lessor for defects in delivery TCO 304 (818 SD 249/1-3)

5-Responsibility of the lessor for subsequent defects TCO 305 (818 SD 249/1-3)

If there is a defect, the lessee may terminate the contract or request a reduction in the rental price. Articles 306 and 307 of the Turkish Commercial Code)

6-Liability for seizure TCO 309 (818 SD 253)

TENANT’S OBLIGATIONS

1-Obligation to pay the rent TCO 313 Art.

2-Obligation to use the leased property with care and respect the neighbors TCO 316 (818 SD 256)

3-Obligation to pay cleaning and maintenance expenses TCO 317 (818 SD 258/II

4-Obligation to notify the lessor of defects TCO 318 (818 SD 356/last)

5-Obligation to remove defects and to show the lessee TCO 319 (818 SD 251/1 Art.)

 

 

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