Housing Lease

Housing Lease
In a housing lease, the lessor agrees to allow the lessee to use the house and take profits therefrom, and the lessee agrees to pay rent for it. Lessees shall be specially protected by the Housing Lease Protection Act.

The term of a housing lease shall be at least 2 years. With respect to a lease whose term is not fixed or is fixed for less than 2 years, the term of such lease shall be deemed to be at least 2 years as long as the lessee wants. In cases where a contract has been renewed, the term of a lease shall be 2 years and the lessee may notify at any time the lessor about termination of the contract.

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