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Legal title to a dwelling - rental or loan If you need a flat or business premises and do not want to buy it, you can rent such premises or conclude a contract of loan. |
On the basis of a rental contract, the lessor – a person having legal title to a premise (usually an owner), makes rental subject available for using to the lessee. Lessee pays for the possibility of using a premise. The scope of using of premises is specified by a contract. Premises can be used as business facilities or as a flat.
FORM. A contract should be concluded in writing. There is the obligation to conclude a written rental contract in case of periods longer than 1 year but it is advisable to have such contract in other cases as well. It will unable possible doubts regarding conditions (concerning the rent or other obligations etc).


