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What should I do after the lease contract expires?
How to deal with the lease contract after its expiration: If both parties have not expressed or clearly expressed their intention to renew the contract, they can continue to perform relevant obligations as agreed in the contract. If both parties or one party proposes not to continue to perform the contract, it shall return the original thing at the expiration of the time limit, and the contract may be terminated according to law.
legal ground
Article 703 of the Civil Code of People's Republic of China (PRC)
A lease contract is a contract in which the lessor delivers the lease item to the lessee for use and income, and the lessee pays the rent.
Article 704
The contents of the lease contract generally include terms such as name, quantity, purpose, lease term, rent and its payment term and method, lease maintenance, etc.
Article 705
The lease term shall not exceed twenty years. More than twenty years, the excess is invalid.
At the expiration of the lease term, the parties may renew the lease contract; However, the agreed lease term shall not exceed twenty years from the date of renewal.
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