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LEASE

Lease is a contract whereby one person (lessor) binds himself to grant temporarily the use of a
thing (lease of things) or the rendering of some service (lease of work/service) to another
(lessee) who undertakes to pay some rent, compensation, or price
Characteristics
1. Consensual
2. Principal
3. Nominate
4. Bilateral-reciprocal
5. Commutative
6. Not purely personal
Case: Heirs of Dimaculangan vs. IAC lessees heirs can step into his rights re: lease
XPN: contrary stipulation
7. Onerous
8. W/ a temporary period (99-year limit for lease of things)
Lease of things
Re: subject matter
GR:
XPN
:

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