What is the Extraordinary Termination of Lease Agreements? The termination of a lease agreement is a
What is Extraordinary Termination of Rental Agreements?
The termination of a rental agreement depends on the fulfillment of certain conditions. However, it is possible to terminate a rental agreement in the presence of important grounds. Both the lessor and the lessee have the right to terminate the rental agreement at any time within the legal notice period in the event of important grounds that make the continuation of the rental relationship unbearable for them. However, this provision shall not be applicable to legal entities under private and public law and merchants for a period of 8 years as of 01.07.2021. In the event of the lessee's death, their heirs have the right to terminate the agreement by complying with the legal notice periods. Furthermore, if the leased property is not used in accordance with its intended purpose, it is possible to terminate the rental agreement, considering the purpose of the lease. For example, if a leased property that does not allow for the establishment of a gas and petrol station is leased by the lessor for such a purpose, the agreement may be terminated from the date this fact is learned. In the event that the lessee goes bankrupt after the rental agreement, the lessor has the right to demand security for the future rental payments. If the lessee goes bankrupt, all creditors must register their claims with the bankruptcy office and join the queue. If the lessee fails to provide security to the lessor, the latter has the right to terminate the rental agreement immediately. In this case, there is no requirement to comply with notice periods for the termination of the rental agreement. The lessor may first issue a formal notice through a notary public to the lessee, demanding that the property be restored to its original state and delivered to them. If the lessee goes bankrupt and fails to provide any security, the lessor has the option to file an eviction lawsuit due to bankruptcy at the magistrates' court. Another type of lawsuit allows the lessor to file an eviction lawsuit at the magistrates' court for breach of contract, resulting from the tenant's use of the leased property in a manner inconsistent with the agreement.