Commodatum agreement
A commodatum agreement is the deed by which an asset (e.g. an apartment, a car) is lent. It is also known as an agreement of loan for use. There are two parties to the agreement: the party that offers the asset and the party that receives it for use, with the obligation to return it within the agreed period.
A commodatum agreement is the preferred method for most people who want to give someone else the use of assets, on a temporary basis, thus lending them for use.
The documents required for concluding a commodatum agreement differ depending on the assets that are lent for use.
List of required documents
- The original identity documents of the lender and the lessee;
- The deed of ownership of the property;
- Documents regarding the operation for legal entities;
If a motor vehicle is lent for use, the following documents are required:
- The original identity documents of the lender and the lessee;
- The vehicle registration certificate and the vehicle identification card;
- Tax certificate issued by the DITL (Direcția de Impozite și Taxe Locale – Directorate of Local Taxes);
- Optionally, the consent of the leasing company, if the lessee owns the car under a leasing contract.