(1) If a contract is
concluded under which a person gives any goods in which he or she
has right and possession to another person for use and possession
and enjoy the benefits accrued therefrom in consideration for a rent
payable regularly for a certain period, a contract of lease shall be
deemed to be concluded.
Explanation: For the purposes of this Chapter, the term
“goods' means any property from which benefit may be acquired
through consumption, possession or use without diminishing them.
(2) If a contract of lease is concluded pursuant to subsection
(1), except as otherwise provided for in the contract, the
lessor shall ensure the lessee of the following matters:
(a) To transfer certain goods for use and possession
according to the contract,
(b) To maintain the goods transferred pursuant to clause
(a) in a running condition so that they may be
possessed or used at the time of the transfer,
(c) To make arrangements so that the goods transferred
pursuant to clause (a) or (b) can be possessed or used
peacefully and without any hindrance.
(3) Notwithstanding anything contained elsewhere in this
Section, any goods destroyable in use or consumable goods may not
be leased.
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