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Can I refund the deposit before the lease contract expires?
Legal basis: Civil Code of People's Republic of China (PRC).
Article 755 Where a financial lease contract is dissolved due to the dissolution, invalidity or cancellation of the sales contract, and the seller and the lease item are selected by the lessee, the lessor has the right to demand compensation from the lessee for the corresponding losses; However, unless the sales contract is dissolved, confirmed invalid or cancelled due to the lessor's reasons. When the sales contract is terminated, confirmed invalid or dissolved, if the lessor's losses have been compensated, the lessee will no longer bear the corresponding liability for compensation.
Article 758 Where the parties agree that the lease item shall be owned by the lessee at the expiration of the lease term, and the lessee has paid most of the rent but is unable to pay the remaining rent, the lessor may terminate the contract and take back the lease item. If the value of the leased property recovered exceeds the rent and other expenses owed by the lessee, the lessee may demand the corresponding return. If the parties agree that the lease item shall be owned by the lessor at the expiration of the lease term, and the lessee cannot return it due to damage, loss, attachment or other things, the lessor has the right to demand reasonable compensation from the lessee.
Article 759 Where the parties agree that the lessee only needs to pay a nominal price to the lessor at the expiration of the lease term, the ownership of the lease item shall be deemed to belong to the lessee after the performance of the agreed lease obligations.
Article 760th The financial lease contract is invalid, and if the parties have agreed on the ownership of the lease item in this case, such agreement shall prevail; If there is no agreement or the agreement is unclear, the lease item shall be returned to the lessor. However, due to the lessee's reasons, the contract is invalid, and the lessor does not require the return or the utility of the leased property will be significantly reduced after the return. The ownership of the leased property belongs to the lessee, and the lessee shall give the lessor reasonable compensation.
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