Principal rent. Rental property, areas, land

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2018-03-19 20:57:15

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The Need to give the temporary use of a particular object, subject, property or land arose a very long time. To a more or less reasonable and logical to approach this issue, there have been developed various types of leases. Their common essence lies in the fact that the owner of a certain property voluntarily transfers it to another person. However, the right of ownership still will not disappear. There are some obligations of both parties to the transaction, which can vary considerably depending on the subject matter of the contract and the characteristics of the relationship.

Landlord and tenant

In order to clearly distinguish between the direct owner and the person who will use some object which was invented appropriate names. So, the landlord-is the person (or firm), which is the subject of the contract belongs to. He has the desire and the ability to transfer it to another person. Here it is called the tenant. After the transfer of the subject on both sides imposes certain obligations, but also granted special rights. Different types of rental property involve different approaches to the formulation of these elements. For example, it is impossible to apply the requirements concerning rent of property for transport or software. The opposite is true.

types of leases

Responsibilities and obligations

As mentioned above, different types of leases require different from each other approach to the characteristics of the relationship of the parties. But if to summarize all the information, it is possible to obtain a few basic points. So, the landlord shall, at the end of the agreement to provide the agreed object to the use of the tenant. It may be given a previously agreed time. The object must meet all the stated requirements. In turn, the lessee is obliged to carefully use the object of the Treaty to pay for use of just-in-time upon its completion, return it to the lessor in one piece. This may seem a bit complicated. To better understand the features, take the usual rent. So, the landlord must give the keys to the apartment, and she must look exactly as it was described earlier. The tenant can live in the apartment, as it is convenient, but it should retain approximately the same form as in the time of the transfer. You cannot do major repairs, relocation, alterations and so on without the permission of the owner. While once a month (or other period) he has to pay for the right to live in the apartment. Assume that the lease term was 1 year. That is exactly 12 months from the date of signing the contract the tenant must move out, leaving everything as it was.

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leases

Rentals

Leases of this type involve short-term transfer of the object of the contract for use of the lessee. Most often this involved firm. That is, the transaction would be concluded between the legal entity and physical person. Period is set separately, according to the preliminary agreements, but it rarely exceeds 1 year. The object can only be personal property. In addition, the tenant gets the right to sublease. There is a possibility to terminate the contract before the expiry of, but upon notice to lessor (usually 10 days prior to the date of termination). The contract shall be in writing. If he is terminated prior to the end of the period, the difference in payment is returned. The simplest examples that have been distributed before: renting of video tapes, discs, cartridges for game consoles and so on.

rental of premises

Transport and freight

These types of leases relate to all kinds of vehicles. In the standard version are transferred only the vehicle (tractor, harvester and so on). If you are using a subspecies, such as freight, along with the transport is transferred and the driver for it. But to pay that person separately is not necessary. The tenant pays only a fixed sum to the lessor, and he alone expects the wages of the driver. Examples of this type of transactions may be those modes of transport that are used at weddings. That is the deadline, let's say it is 6 hours, during which the lessor is entitled to order the driver where to go (within reason). He, in turn, already paid for. Immediately after the term of the contract the driver can simply turn around and leave. This files most often provide for the possibility of extending the deal for some time. Note that the driver – a living person with his natural needs (to eat, pee, sleep, relax and so on).

The Estate

Different types of rental of premises are the most popular and widespread type of agreements concluded between the two parties. This includes the right to use the apartment and non-residential real estate part of it and so on. For example, some company built a large building, whose first floor will be used for the placement of the various shops or cafes. The company has no plans to sell real estate, but the money she wants to receive. As a result, she rents an apartment to rent individuals, as part of the first floor – companies are willing to place their pointssales or services. A characteristic feature is that the land situated under the property automatically goes to the rent, the landlord wants to or not.

rental property

Company

Removed not only the empty space. Also lease can be transferred to entire industrial complexes, machinery and so on. The types of tenure involve the transfer of only the site, but here is everything. In fact, the lessee becomes the owner of the whole enterprise, while the direct right of ownership remains with the lessor. The conditions can be very different, ranging from a fixed payment and ending with payment by results of activity of the company. This should be agreed in advance. For example, there is a company that deals with production of plastic Windows. The current owner has no time, desire, experience, or knowledge in order to properly manage all of this. He decides to find a person who leases the entire complex as a whole, and asks for 10% of net income. Quite a profitable deal, does not require a direct owner of any effort to make a profit. Of course, there is the risk that the company will be ruined, but then it all depends on the right choice of tenant.

principal lease

Leasing

There are a huge number of forms that can take on rent. Leases “lease” mean that the owner reports the use of another person any object (most often it is transport or equipment). It seems that as usual, unless you consider the fact that the tenant has the right to redeem the subject matter of the contract. For example, one firm «B» need a tractor. His company produces “And”. Firm “B” agrees with “A” that takes need a vehicle to rent for the lease. This means that the charges will include not only a fixed amount of rent, but a portion of the cost of the subject contract. At the end of the tractor is fully transferred to the property company “B” if all payments were made on time. It's a mixture between a credit and a classic rental that is very common in large companies who do not want to pull from circulation of a large amount, but in need of a particular technique. It may seem that it is not very profitable, but in fact, if you calculate the profit that can be obtained from the use of the equipment cost for the entire period of its application, it appears that the benefit is still there, and it is very significant. For example, the same tractor costs 1 million rubles. If the company will pay this amount, then in the future she will not be able to receive income in the amount of $ 10 million. And leasing of a tractor will cost $ 2 million for the same period. See that a direct benefit will be 8 million.

types of tenure

Earth

All types of land lease are identical to be concluded to obtain the right to use property. However, there are some differences, which under certain conditions can play a significant role. So, if the land is on the border of water, which refers to the facilities, lessee shall do nothing to restrict the access of any citizen to the water. For example, there is a piece of beach that is leased. The owner receives a fixed amount. The tenant has no right to deny any person access to the beach, but it can create the infrastructure to deliver the chairs, to equip the shop and so on. That is, income from the beach, he will receive not directly, but indirectly, through the process of making visitors to the beach and shopping. There are other features that are directly related to each other, – the lease term and its purpose. Leases of land for the resettlement of the country site does not imply the possibility of the erection of the outlet. The same is true in reverse. That is not the territory that's meant for shopping center, build housing or to be plowed to produce a crop. Depends on the term, which, in principle, without much effort you can renew at the end.

Rent

Many leases do not imply the possibility that the tenant will be allowed to use the facility to third parties. However, there are those species for which it is perfectly acceptable. Such actions are called sublease. Its essence lies in the fact that the tenant reports already leased object to third parties. That is becoming a landlord. But the actual right of ownership still remains with the owner. For example, there is a very large room. The owner does not wish to find potential tenants. He rents the entire property as a whole to another person and have it by paying the agreed amount, looking for tenants, which in this case will be referred to as sub-lessees.

land lease

Intangible assets

In many cases, the types of leases relate to property, equipment, machinery, transport and so on. But this is only a part of all that may be transferred for temporary use. So, for example, similar conditions apply regarding software, trade marks and similar elements not present in thethe material terms.

Summary

The Above listed principal of the lease. This is not a complete list, but for a General understanding of the subject matter it is enough. Thanks to the opportunities offered by rent increases significantly the economic activity of the population. For example, a person has the equipment for the production, but he has no money to buy or build industrial space. Instead of just waiting, he is looking to remove the desired area for rent. Other person from whom such property is, does not understand that it can do, but wants to make a profit. After the talks, both sides come to acceptable agreement. One person gets to use the property, expands production and begins to make a profit. Second nothing is going through and is content with just a fixed cost. Everyone is happy, and the economy improved.


Article in other languages:

AR: https://tostpost.com/ar/the-law/8686-principal-rent-rental-property-areas-land.html

BE: https://tostpost.com/be/zakon/15583-asno-nyya-v-dy-arendy-arenda-maemasc-pamyashkannya-zyamel-nyh-uchastka.html

DE: https://tostpost.com/de/das-gesetz/15593-die-wichtigsten-arten-von-leasing-vermietung-von-immobilien-r-umlichke.html

ES: https://tostpost.com/es/la-ley/15600-los-principales-tipos-de-contrato-de-arrendamiento-arrendamiento-de-lo.html

HI: https://tostpost.com/hi/the-law/8693-principal-rent-rental-property-areas-land.html

JA: https://tostpost.com/ja/the-law/8691-principal-rent-rental-property-areas-land.html

KK: https://tostpost.com/kk/za/15578-neg-zg-t-rler-zhal-a-beru-m-l-kt-zhaldau-y-zhaylardy-zher-uchaskeler-n.html

PL: https://tostpost.com/pl/prawo/15551-g-wne-rodzaje-leasingu-wynajem-nieruchomo-ci-lokali-dzia-ek.html

PT: https://tostpost.com/pt/a-lei/15555-os-principais-tipos-de-loca-o-aluguel-de-im-veis-reas-terrenos.html

TR: https://tostpost.com/tr/hukuk/15585-temel-t-rl-kira-kiral-k-emlak-bina-arsa.html

UK: https://tostpost.com/uk/zakon/15575-osnovn-vidi-orendi-orenda-mayna-prim-schen-zemel-nih-d-lyanok.html

ZH: https://tostpost.com/zh/the-law/9443-principal-rent-rental-property-areas-land.html






Alin Trodden - author of the article, editor
"Hi, I'm Alin Trodden. I write texts, read books, and look for impressions. And I'm not bad at telling you about it. I am always happy to participate in interesting projects."

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