What are the rights and obligations of the parties to a deposit?

A housing lease contract is a civil contract, under which the lessor is obliged to deliver the house to the lessee for use within the agreed term and the lessee is obliged to pay rent as agreed or as prescribed by law.

The parties to the deposit have the following rights and obligations:

According to the provisions of Article 38 of Decree 21/2021/N-CP, the rights and obligations of the parties in the deposit are as follows:

- The depositor and the escrow party have the rights and obligations:

+ Require the deposit recipient or the pledge recipient to stop exploiting, using or establishing civil transactions with the deposited property or pledge property; to preserve and maintain the deposited property or pledge property so that it does not lose or decrease in value;

+ Exchange, replace deposited assets, pledged assets or put deposited assets, pledged assets into other civil transactions in case of consent of the deposit recipient or pledged party;

+ Pay the deposit recipient and the collateral recipient reasonable costs for preserving and maintaining the deposit and collateral assets.

Reasonable expenses specified in this point are actual necessary and legal expenses at the time of payment that under normal conditions the deposit recipient or the escrow recipient must pay to ensure that the deposit or escrow property is not lost, destroyed or damaged;

+ Carry out the registration of property ownership or perform other obligations as prescribed by law so that the deposit recipient or the collateral recipient can own the deposit or collateral property specified in Point b, Clause 2 of this Article;

+ Other rights and obligations as agreed or prescribed by the Civil Code or other relevant laws.

- The deposit recipient and the bet recipient have the rights and obligations:

+ Request the depositor or escrow party to terminate the exchange, replacement or establishment of other civil transactions regarding the deposit or escrow property without the consent of the deposit recipient or escrow party;

+ Own the deposit property in case the depositor violates the commitment to enter into and perform the contract; own the collateral property in case the leased property is no longer available to return to the collateral recipient;

+ Preserve and maintain deposited assets and pledged assets;

+ Do not establish civil transactions, exploit or use deposited assets or pledged assets without the consent of the depositor or pledger;

+ Other rights and obligations as agreed or prescribed by the Civil Code or other relevant laws.