Unlike leases, leases are not subject to a fine or tax. In this type of contract, it is advisable to write an official copy of the agreements. This should include the signatures of both parties. Notary services should be used in order to ensure greater security in the rental process. 11. rental or rental contracts for furniture, furnishings. Legal grounds for the lessor to terminate a lease (1) Subject to the provisions of subsection (2), no lessor or representative of the lessor of premises may enter into a contract or other contract for the rental or rental of furniture, furnishings or equipment in such premises. A lease is a non-fixed-term lease, as is a contract. It shouldn`t always be a written agreement. The rental contract is defined as the authorization to use his property to the tenant.

And permission is given by the owner. Both parties can break the contract if they have announced it with a period of at least one month. In the event of a dispute, it may be a legal intervention to evacuate the tenant. However, provided that the board of directors may, at the request of the lessee, order that the standard rent not be increased as planned or that it may reduce the amount of the increase in the standard rent on the ground that the improvement, repair or modification of the construction was not carried out in accordance with the agreement concluded with the tenant or the approval of the board of directors, as appropriate. 3. Without prejudice to other conditions provided for by another law, no agreement or other contract concluded between the lessor or a representative of the lessor and the lessee or a representative of the lessee for the rental or rental of furniture, equipment or equipment in such premises before the date of entry into force of this Law is valid or effective. and no lessor may benefit from any consideration or advantage resulting from such an agreement or contract, except for the consideration or benefit paid to it before the date of entry into force of this Act. There are two different ways to rent a property in Sri Lanka. This involves a “lease” or a “lease”. If the property is also governed by the Rental Act, the rules, conditions and power of the lessor or tenant differ.

With regard to immovable property covered by the Rent Act, the Law tends to be favourable to the Sri Lankan tenant. And real estate that is not covered by the rent law, the law favors the lessor. (2) Where residential premises used by the lessor are leased to a lessee, since the lessor does not need it temporarily, the lessor may enter into a separate contract or contract for the rental or rental of such furniture, furniture and equipment by the lessee which has been kept on such premises for the personal use of the owner. . . .