Legal relationships Essay Example | Topics and Well Written Essays - 250 words

Legal relationships - Essay ExampleThe there are various types of lease contracts and with different impairment and conditions. The lease involved in this instance is the lease of real property. However, various issues are associated in the conveyance of a piece of real farming. According to Pfeiffer, Timmerbell, Johannes Dotter and Idwell, the legal consequences associated with the enthrall of leased piece of real estate property is dependent on the application of the civil recruit (2009).If there is the application of the civil code to the lease contract, it offers the possibility of the acquirer to terminate existing lease contract under the terms and prep offered by the law. This is done within fourteen days if not agreed upon and the seller has the obligation of compensating the lessee. The withdraw of the contract by the lessee is possible through a sublease or if the lease contract contains purvey allowing the transfer. However, there are various provisions and it is a dvisable to review each case individually.Conclusively, it is possible to transfer the lease to another prospective investor if an individual is unable to continue financing the lease contract. It requires that a individual follow the outlined formalities in order to facilitate the transfer of the lease contract. This assist to pick up that the transfer of the piece of real property is conducted appropriately without creating potential problems that can be faced.Pfeiffer G. F, Timmerbeil Sven, Johannes dotterF&Tidwel K. L. (COL). (2009).International asset transfer an overview of the main jurisdictions a practitioners handbook .New York Walter de