RVS acted as legal counsel on a rental transaction to a major Spanish group of companies, dealing in production and instalment of glass and aluminum fronts and constructions, wooden windows and other engineering constructions.
MoreWhen starting leasing relations it is necessary to conduct a prudent selection of the lessor and to be careful when signing the leasing contract suggested by the lessor. Only professionals experienced both in contracts and in dispute resolution in this sector are capable of evaluating the pertinent risks.
Under a leasing contract, the lessor undertakes to acquire ownership over the property indicated by the lessee from a designated seller and provide this property for fee to the lessee’s temporary possession and use. Under the applicable law, the subject matter of the lease can be any nonexpendables including enterprises and other property estate, buildings, constructions, equipment, transport vehicles and other moveable and immovable property.
Leasing has long become a widespread and common mechanism in business activity. In the meantime as in any other contractual relationship, sometimes complex and disputable situations occur between the parties under a leasing contract that require legal assistance.
As a rule, disputes under a leasing contract pertain to one of the following questions. Disputes against a lessee often arise with respect to claiming of the leasing payments and return of the subject matter of the lease. Disputes against the lessor normally pertain to the claims with respect to the quality of the subject matter of the lease or disagreements regarding the amount of leasing payments. Our attorneys have an extensive experience in drafting leasing contracts so that to minimize the risk of disputable situations and issues for our clients in future.