ART. 1642. The contract of lease may be of things, or of work and service.
Kinds of Lease
The new Civil Code contemplates three kinds of leases, namely:
Definition of lease
Lease is a consensual, bilateral, onerous and commutative contract by which one person binds himself to grant temporary use of a things or the rending of some service to mother who undertakes to pay some rent compensation or price.
Forms of contract lease
A contract of lease may be done either:
Parties to contract of lease
A contract of lease has two parties, namely the:
Source: Ejectment and Rent Control Law and Jurisprudence by Reynaldo Aralar
Kinds of Lease
The new Civil Code contemplates three kinds of leases, namely:
- Lease of things
- Lease of work and
- Lease of service
Definition of lease
Lease is a consensual, bilateral, onerous and commutative contract by which one person binds himself to grant temporary use of a things or the rending of some service to mother who undertakes to pay some rent compensation or price.
Forms of contract lease
A contract of lease may be done either:
- Orally or
- In writing
Parties to contract of lease
A contract of lease has two parties, namely the:
- Lessor
- Lessee
Source: Ejectment and Rent Control Law and Jurisprudence by Reynaldo Aralar