Question: – I rented a house, its contract is notarized in3 years lease. I have been hiring for 2 years now and want to terminate the lease.
There is no clause on unilateral termination of a contract in the lease agreement, which is only general “under the provisions of the Civil Code and Housing Law“. Please ask, do I have the right to unilaterally terminate my lease? What if I must do to avoid contract penalty?
Answer: – Clause 2, Article 428 of the Civil Code 2015 stipulates: “The party unilaterally terminates the performance of the contract must immediately notify the other party of the termination of the contract, if not notified, causing Damage they must be compensated. ” Paragraph 4, Article 132 of the Housing Act 2014 also states: “Unilateral termination of performance of a house lease must be notified to the other party at least 30 days in advance, unless otherwise agreed by the parties. If any violation of this provision causes damage, compensation must be made in accordance with the provisions of law. “
>>>Update on new information on the real estate investment in Vietnam, here: Vietnam real estate investment
Thus, according to the law, you have the right to unilaterally terminate the lease agreement provided that the advanced notice to Party A (lessor) at least 30 days advance.
You are reading the article The Tenant Has The Right To Terminate The Contract in the Real Estate category at https://realestatevietnam.com.vn/. Any information sharing, feedback please contact through Hotline 0909890897 (24/7) or email to email@example.com.