the suretyship liability in propor on to their share of suretyship in accordance with the suretyship contract.
In the absence of such an agreement, the creditor may request any of the sure es to undertake the
suretyship liability within the scope of his liability.
Ar cle 700 A er a surety has assumed the suretyship liability, unless otherwise agreed by the par es, the
surety has the right to indemni ca on against the debtor within the scope of his suretyship liability, and may
enjoy the right of the creditor against the debtor, provided that the creditor’s interests shall not be harmed.
Ar cle 701 A surety may claim a defense that the debtor has against the creditor. Where the debtor waives
his right of defense, the surety shall s ll have the right to claim such defense against the creditor.
Ar cle 702 Where a debtor has the right of o set or revoca on against the creditor, the surety may refuse to
undertake the suretyship liability within the corresponding scope.
Chapter XIV Lease Contracts
Ar cle 703 A lease contract is a contract under which a lessor delivers the leased object to a lessee for use or
for obtaining proceeds, for which the lessee pays the rent.
Ar cle 704 A lease contract generally contains clauses specifying the name, quan ty, purpose of use of the
leased object, the term of the lease, rent, and the me limit and method of its payment, and the
maintenance of the leased object, and the like.
Ar cle 705 The term of a lease may not exceed twenty years. If a lease exceeds twenty years, the part
beyond twenty years is invalid.
Upon expira on of the lease term, the par es may renew the lease contract, provided that the agreed term
of lease may not exceed twenty years from the date of renewal.
Ar cle 706 The par es’ failure to register the lease contract in accordance with the provisions of laws and
administra ve regula ons does not a ect the validity of the contract.
Ar cle 707 A lease contract with a term exceeding six months shall be made in wri ng. Where the lease
contract between the par es is not in wri ng, if the term can not be determined, the lease shall be deemed
as a lease with an inde nite term.
Ar cle 708 A lessor shall deliver the leased object to the lessee in accordance with the agreement and keep
the leased object t for the agreed use during the lease term.
Ar cle 709 A lessee shall use the leased object in a manner as agreed by the par es. Where there is no
agreement between the par es on the manner of use or the agreement is unclear, if it cannot be determined
according to the provisions of Ar cle 510 of this Code, the leased object shall be used in line with its nature.
Ar cle 710 Where a lessee uses the leased object in a manner as agreed by the par es or in line with its
nature, he shall not bear the liability for the wear and tear on the leased object.
Ar cle 711 Where a lessee fails to use the leased object in a manner as agreed by the par es or in line with
its nature, thus causing damage to the leased object, the lessor may rescind the contract and request for
compensa on.
Ar cle 712 A lessor shall perform the duty of maintaining the leased object, unless otherwise agreed by the
par es.
Ar cle 713 Where a leased object needs to be maintained or repaired, the lessee may request the lessor to
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