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Terms and Conditions - Long Term Stays

The Property is rented as a residence and the tenant shall only use the property as such and not use it for any other use, without written consent of the owner. The property can only be used by the tenant and his/her close relatives. The tenant shall not sublease the property to third parties.

The rental agreement is concluded for a period of 6 months or longer. At the end of the agreed period, if the tenant wishes to continue renting for an extended period a revised Long Term Tenancy Agreement must be completed.

  • Security Deposit of one month rental fee shall be paid either in advance or on the day tenancy commences. The costs of any breakages, repairs, replacements, extraordinary expenses, cleaning and laundry costs will be deducted from this deposit and the balance re-paid within 2 months of the termination of the tenancy. The Tenant is not entitled to interest from the security deposit.
  • Rental Fee 2 months rental fee must be paid in advance and monthly in advance thereafter. Payments to be made by direct bank transfer or cash in Euros or sterling on the stated date. We reserve the right to charge interest at 2% per day on late payments
  • The rental fee does not include the costs of utilities (gas, water, sewer, garbage disposal, electricity, telephone, common charges, television, internet, services etc.)

Rights and Obligations of the Parties

  • The owner warrants the Property is free of any litigation, encumbrances or claims by third parties, and none of the rights of the Tenant arisen out of the Agreement are subject to limitation.
  • Parties shall prepare an inventory on the furniture, facilities and other assets located in the Property on the day of delivery of possession. The inventory is an inseparable annex of the Agreement.
  • Under the term of the Agreement the Tenant is entitled for the exclusive, proper and undisturbed use of the Property.
  • Any amendment of data indicated in the Agreement shall be reported immediately in writing by the Parties.
  • Tenant shall be liable for any damages in the Property or its facilities caused by the Tenant or any personnel belonging to him.
  • Tenant should inform us of any disorders. Owner’s must provide, within a reasonable time and at his/her own expense, the cost of any repairs – both internal and external to the walls, roofs, floors, drains and main services (electricity, gas, water, heating, television) – caused by structural failure or natural wear and tear under proper use by the renter.
  • Renter shall be responsible for insuring his/her own belongings, fixtures, fittings and appliances.
  • Owner and his authorized representative is entitled to inspect the Property subject to the prior notice of the Tenant and only without unnecessarily disturbing him.
  • Tenant shall make or have made any technical reconstruction on the Property only with the prior written consent of the owner.

Termination

  • Under the definite term, the Agreement shall not be terminated by ordinary notice. Should any party terminate the Agreement before its expiration, it shall complete penalty payment equaling 1 (i.e. one) months’ rental fee. The Tenant is obliged to pay the penalty and the owner is entitled to withdraw the amount from the security deposit.
  • Under the indefinite term the Agreement may be terminated by a written ordinary notice with 1 (i.e. one) month-long notice period.
  • The Agreement may be terminated by the Parties with extraordinary termination if any party commits a gross breach of agreement, or fails to complete its principal obligation according to the provisions of Act 78 of 1993 on the lease of real properties.
  • In case the Agreement ceases (including the case of destruction of the Property) for a reason beyond the Parties’ control (vis maior), the Parties shall bear their own damages and losses.
  • In case of termination or expiration of the Agreement, the Tenant shall return the possession of the Property, removing all of his/her belongings and in a reasonable and clean condition.
  • In case of extraordinary termination the Tenant shall empty the Property of his/her belongings in 2 (two) months.
  • The Parties shall make all efforts to solve differences of opinion emerging during the work by common agreement. In case of litigation they shall completely submit themselves to the competence of the Central District Court of Buda.
  • With respect to the validity, execution and application of the Agreement the Hungarian law shall govern, whilst in terms of the interpretation the Hungarian language version shall apply.
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  • With regards the questions not regulated herein the relevant rules and provisions of Act 4 pf 1959 on the Hungarian Civil Code and Act 78 of 1993 shall govern.
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  • Both parties shall sign a Long Term Rental Agreement before the tenancy commences.
Arpad

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