So what should you pay attention to when signing a lease? Is an oral lease valid? What are the responsibilities of the landlord and the tenant? Let’s tell you one by one from a legal perspective!
Lease Agreement
The clauses in the lease are to protect the rights of both parties and avoid unnecessary arguments in the future. There are two Sri Lanka Phone Number List types of leases: one is a lease of less than 3 years – Tenancy (rental contract), and the other is a lease of more than 3 years – Lease (a long-term inflexible lease).
Oral Lease the landlord
In addition to a formal lease, sometimes and the tenant only have a verbal agreement. Is such an agreement legally binding? In fact, verbal leases Cambodia Phone Number List are also legally binding! According to Section 213 (2) of the National Land Code, verbal leases are also legally binding. Although there is no written evidence of a verbal lease, once the verbal promise is made and the tenant moves in and starts paying rent every month, it is already a “lease”.
