A lease (rental) agreement is regulated by Romanian Civil Code, being found in art. 1,777-1,850 and represents the agreement/document by which a person undertakes to provide another with temporary use of an immovable or movable property in exchange for a sum of money called rent.
Lease agreement parties are the lessor (owner/landlord) and the lessee (tenant), for which both parties have certain rights and obligations.
Lessor undertakes to hand over property to lessee, to maintain the property in a suitable condition for use throughout lease duration and to ensure tenant’s peaceful and useful property use throughout lease duration.
Tenant’s obligations are related to maintaining property in a suitable condition for use throughout lease duration, as well as paying rent in amount and on date agreed with owner/landlord, using property with prudence and diligence, and returning the property upon agreement’s termination for any reason. Lease agreement cannot be concluded for a period longer than 49 years.
Lease agreement is validly concluded both under private signature and under authentic format, at a notary’s office, in which case it will constitute an enforceable title regarding rent payment.
