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Old 29.03.2021, 15:43
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Bail [lease] clause, what does this mean

I got this clause in my bail agreement, but unsure what exactly it means... can you hep?

Il est dû de plein droit un intérêt de 7% l'an sur toute prestation échue découlant du présent bail. Celui-ci vaut reconnaissance de dette au sens de l'article 82 LP (art. 104 CO).
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Old 29.03.2021, 15:50
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Re: Bail clause, what does this mean

by 'Bail' do you mean lease ?

What are you leasing ? I'm guessing they will apply interest to any overdue payments.



Bail in english means something quite different...
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Old 29.03.2021, 15:50
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Re: Bail clause, what does this mean

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by 'Bail' do you mean lease ?

What are you leasing ?



Bail in english means something quite different...
Yes, the leasing contract for a house.

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Old 29.03.2021, 15:51
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Re: Bail clause, what does this mean

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I got this clause in my bail agreement, but unsure what exactly it means... can you hep?

Il est dû de plein droit un intérêt de 7% l'an sur toute prestation échue découlant du présent bail. Celui-ci vaut reconnaissance de dette au sens de l'article 82 LP (art. 104 CO).
I assume you don't mean Bail as it means in English?? (The money you pay to get out of prison before a court case)
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Old 29.03.2021, 15:53
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Re: Bail clause, what does this mean

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I assume you don't mean Bail as it means in English?? (The money you pay to get out of prison before a court case)
Bail (pronounced kind of like bye bye) is French for a rental contract/lease :-)

Presumably has some kind of etymological connection to the English word, except that the meanings have diverged.
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Old 29.03.2021, 16:48
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Re: Bail clause, what does this mean

Sounds like the interest they will apply if your payments are late
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Old 29.03.2021, 17:18
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Re: Bail clause, what does this mean

The default rate of interest as defined in CO Art. 104 is 5%.

This can be specified in the contract as they are doing here, and IMO 7% doesn't seem unreasonable.

The rules around letting property don't say anything about this, other than the definition of late and how much warning they have to give etc.

https://www.fedlex.admin.ch/eli/cc/2...n#part_2/tit_8
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