An Attornment Agreement is a legal mechanism through which a tenant acknowledges the change in ownership of leased property, formally recognizing a new landlord.
Eviction is a legal process by which a landlord forces a tenant to vacate a property, generally due to non-payment of rent or breach of lease terms. Understanding eviction is crucial for both property owners and tenants to navigate their rights and responsibilities.
Fixed Rent refers to a set amount paid periodically for the use of a property or asset, irrespective of usage or other fluctuating factors. It ensures stability and predictability for both landlords and tenants.
A comprehensive guide to understanding the role of a landlord, including historical context, types, legal considerations, and practical examples.
A Lease Agreement is a contractual arrangement where a lessee (tenant) pays for the use of an asset owned by a lessor (landlord), outlining specific terms and conditions.
An in-depth look at Lease Defaults, including definitions, types, implications, and examples.
A comprehensive look at the role and responsibilities of the lessor, historical context, key events, legal considerations, and practical examples.
A comprehensive look at lodgers, tenants who rent a room in the landlord's home, including definitions, historical context, key events, types, importance, applicability, related terms, FAQs, and more.
An irrevocable election made by a landlord to charge value added tax (VAT) on exempt supplies of buildings (rents), enabling the reclamation of input VAT against output tax charged on rents.
A comprehensive article on pet deposits, detailing their purpose, history, key considerations, and importance in rental agreements.
A writ of possession is a court order that grants possession of a property to a landlord, typically issued following a successful eviction lawsuit.
Attornment is the tenant's formal agreement to acknowledge a new landlord.
A comprehensive overview of the legal process where landlords remove tenants to regain possession of property, known as dispossess proceedings.
Distraint is a legal right enabling landlords to seize a tenant's personal property to satisfy unpaid rent.
A comprehensive article on Gross Lease, where the landlord is responsible for all property expenses, including taxes, insurance, utilities, and repairs.
A comprehensive definition of a landlord, who is a property owner that rents out their property in exchange for rent, including details about leases, tenants, and the rights of both parties.
Detailed Explanation of a Lessee, their Rights, Responsibilities, and Relationship with a Landlord
A Lessor is an individual or entity who grants a lease to another party, thereby transferring exclusive temporary right of possession of certain property, subject only to rights expressly retained by the owner; synonymous with Landlord.
A Notice to Quit is a formal legal document used to inform a tenant to vacate rented property, or by a tenant to notify their intention to vacate the premises on a specified date.
A Resident Manager supervises the maintenance and management of an apartment complex while residing on-site, ensuring cleanliness, handling tenant relations, and providing access to service personnel.
A Security Deposit is a nontaxable cash payment received by a landlord from a tenant, held during the term of the lease to offset damages or any lease violations. Discover its implications, historical context, and related terms.
Subletting involves a tenant leasing a property to another party while still holding the original lease with the landlord.
Comprehensive Definition and Insights on Tenant
An in-depth guide to the roles, responsibilities, and legal rights of landlords, detailing how they generate income and what regulations govern their actions.
