Types of lease agreements

A lease of things is a reciprocal agreement in terms of which one party, the lessor, undertakes to confer upon another party, the lessee, the temporary use and enjoyment of a particular thing (res) in exchange for counter-performance.

There are different types of leases that parties can enter into in Zimbabwe which include the following:

• Aircraft lease agreement;
• Financial lease agreement (blocked discounted lease, discounted lease, lease back, master financial lease, operating lease, straight finance lease);
• Farming lease agreement
• Landlord and tenant lease agreement;
• Lease to buy agreement;
• Mining lease agreement;
• Sub-lease agreement;
• Wildlife conversation and management lease agreement.

The leases can be long leases or short leases i.e. fixed term lease. In terms of the Deeds Registries Act [Chapter 20:05] long term lease, that are more than ten (10) yeas must be registered with the Deeds Registry.