An Attornment Agreement is a legal mechanism through which a tenant acknowledges the change in ownership of leased property, formally recognizing a new landlord.
Explore the fundamentals, key considerations, types, and importance of commercial leases, including historical context, mathematical models, and practical examples.
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.
A fixed-term lease is a rental agreement with a specified duration, usually one year or more, after which it may either terminate or renew. Explore its historical context, key aspects, benefits, and considerations in this comprehensive encyclopedia entry.
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.
A detailed definition and explanation of Lease Term, covering its types, considerations, examples, historical context, and related terms.
Leasehold interest refers to the rights and interests that tenants possess under the terms of a lease agreement, covering various aspects such as occupancy, exploration, and production rights.
An in-depth exploration of Net Leaseable Area (NLA), its significance in real estate, and its detailed explanations and applications.
A cancellation clause is a contract provision that grants a party the right to terminate obligations upon the occurrence of specified conditions or events.
A credit tenant in real estate refers to a large, established, and financially robust tenant that is rated at least investment grade by a major credit rating service. Properties leased to credit tenants can secure mortgage financing based on the tenant's high likelihood of honoring its lease.
A holdover tenant is an individual or entity that remains in possession of leased property after the expiration of the lease term. This entry explores the legal implications, examples, and related terms such as tenancy at sufferance.
A comprehensive guide to understanding land leases, including their definitions, types, historical context, applicability, and related terms with examples.
A detailed explanation of proprietary leases, their terms, applicability, and comparison with other forms of apartment ownership.
A comprehensive guide on Relocation Clause in a lease agreement, including its implications, types, examples, considerations, and frequently asked questions.
A detailed exploration of the stop clause in leases, where tenants assume payment of operating expenses exceeding a pre-set amount.
