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Lessor

Lessor



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Landlord It is the person who gives another the use of a thing (home, farm, property) for a specified time and a certain price.

The obligations of the lessor:

- Delivery of the leased property. The landlord will deliver the leased farm to the lessee, with all its belongings and in a state to be used for the agreed use for that which by its very nature was destined.

- Conservation of the leased property. The lessor is obliged to keep the leased property in the same state, during the lease period, carrying out all the necessary repairs;

- Do not disturb or disturb. The landlord will not in any way hinder the use of the leased property, unless it should proceed to carry out urgent and indispensable repairs;

- Guarantee the use of the propertyThe landlord will guarantee the use or peaceful enjoyment of the farm during the time of the contract;

- Respond for damages. The landlord will be liable for damages and losses suffered by the tenant for defects or hidden vices of the home or property, prior to the lease.


Video: How to Account for an Operating Lease Lessors Perspective (August 2022).