Lease agreement is a legal instrument on the basis of which the financing of investments is implemented. In practice, the content of the agreement is more or less standardised, yet because of its innominate nature legal theory and case law play an important role in the interpretation of each and every lease agreement. This form of agreement has evolved as a product of autonomous commercial law which the parties use to regulate their mutual contractual obligations and to form any potential special solutions, here involved the solutions pertaining to the termination of the agreement as well. However, the provisions of individual lease agreement may also analogously be interpreted by considering statutory provisions of those contractual types whose elements can be found in the lease agreement itself. Legal nature of the agreement plays an important role in the interpretation of the provisions and legal consequences of the termination of the agreement. The legal nature of the lease relationship is not a uniform one, though, as it depends primarily on the substance of individual rights and obligations agreed between the parties.
The initial part of the present thesis deals with the typology and different manifestations of the lease as well as with legal sources of the lease agreement. It then investigates the legal nature of the lease agreement and tries to place it within the established nominate and innominate types of agreements. The main part of the paper deals with the termination of the lease agreement which, considering its legal effects, may be ordinary or extraordinary termination. The last part briefly discusses the fate of the subject of the lease once the lease agreement has terminated.
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