Terms and Requirements of the Contract of Lease

The Civil Code of the Republic of Armenia states that a contract of lease is to be concluded in written form, and the contract is subject to notarial certification. Rights arising from a contract of lease of immovable property are subject to state registration.

A contract of lease is concluded for the time period determined by the contract. If the time period of the lease is not determined in the contract, the contract of lease shall be considered concluded for an indefinite term.

In this case each of the parties shall have the right at any time to rescind the contract, warning the other party about this one month in advance, and in case of lease of immovable property, three months in advance.

A statute or contract may establish a different time period for warning about the termination of the contract of lease concluded for an indefinite term.

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