A loan bond/guarantee is an amount that the tenant pays to the lessor to ensure that the tenant fulfills all obligations arising from the tenancy agreement. The lessor holds the deposit for the duration of the trust lease to ensure that the tenant is not in default under the terms of the tenancy agreement or that he is damaging the property. If the tenant damages the property (without normal “wear” or if the tenant has not paid rent, the tenant has the right to recover the amount due from the deposit. As a general rule, the tenant must make the deposit available to the landlord at the beginning of the term of the tenancy agreement. At the end of the term of the tenancy agreement, the tenant recovers the deposit reduced from any deductions for repairs/restorations. As a general rule, when a tenant accepts a temporary rent, usually for 6 months or 1 year, the tenant agrees to be responsible for the rent for that period. When the tenant has emptied the premises before the term of the contract expires, the tenant generally remains responsible for paying the rent for the duration of the lease (provided that the lease is not in a jurisdiction allowing the tenant to prematurely terminate an early termination of a fixed-term lease). If the landlord can rent the premises again before the end of the tenant`s lease, the broken tenant is usually no longer obliged to rent, as the landlord cannot cash in double the rental for the premises. Periodically – A periodic lease continues as long as neither party wishes to terminate the lease. To terminate the lease, landlords and tenants must communicate their intention to leave, as required by law. A landlord may increase the rent or change the terms of the tenancy agreement in these types of contracts by making a formal termination in accordance with the law. At the end of the notice period, the tenant must move or the landlord may initiate eviction proceedings against him.
Both transfers and subleases are made when the tenant hands over the lease fee to third parties. A sublease or transfer is usually subject to the owner`s consent. An assignment is made when the tenant grants a third party all the remaining rights to a tenancy agreement for the duration of the tenancy agreement. When a tenant transfers property and the lessor accepts the transfer, that tenant no longer has any right to the property or any obligation to the landlord. In subletting, the tenant can transfer to a third party a part of the rented area (for example. B a room in a house) or part of the lease (for example. B for 5 of the remaining 6 months of the lease). The original tenant retains all the rights to the lease he has that have not been transferred to the third party and also retains most of his obligations under the lease.