LEASING CONTRACT – SIMILARITIES AND DIFFERENCES WITH THE CONTRACT OF RENT
LEASING CONTRACT – SIMILARITIES AND DIFFERENCES WITH THE CONTRACT OF RENT

Author(s): Majlinda Belegu, Bashkim Rrahmani
Subject(s): Economy, Business Economy / Management
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: law;contract;leasing;norm;agreement;
Summary/Abstract: Social relations regulated with the legal norms are called judicial relations. There are cases when parties are in a situation to enter into the determined relations in order to achieve their goals. Goals are always achieved with the fulfillement of duties and with the realization of their rights. In the modern world, in addition to the contract of sales, contract of rent, credit contract, etc., there exist other contracts which can make buyer a legal possessor, after the fulfillment of the contractual obligations. Contracts are the more often forms of the legal relationships between contract parties. Before the contracts are signed several conditions shall be fulfilled. For their fulfillment, parties shall be careful, otherwise they may come to a situation of nonfulfillment and even to the annulment of the contracts. Paper deals with the norms which regulate conditions for signing a contract, including general and specific conditions, characteristics of the contract, the rights and the duties of the parties and the ways of extinction of the contract of leasing. Authors for the needs of this paper have used the method of legal analysis, method of comparison, method of description, and the method of systemic analysis. Thus through these methods the differences and similarities of this contract with the contract of rent will be explained and analysed along with specific cases from the practice. At the end, the ways of extinction will be explained and analised as the conclusion with the agreement, by missing deadliness; with the fulfillment; with the annulment; and with the extinction of the business society when it is in the role of lessor.

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