Relevant regulations on financial leasing of private enterprises

The relevant provisions on financial leasing of private enterprises include the definition of financial leasing contract stipulated in Article 735 of the Civil Code, the content and form of financial leasing contract stipulated in Article 736, the invalidity of financial leasing contract stipulated in Article 737, and the influence of leasing business license stipulated in Article 738 on the effectiveness of the contract.

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.