In mostresidential lease agreements, the landlord is responsible for ongoing maintenance and repairs to the property, and the tenant is expected to keep the property in a clean, safe, and sanitary condition. In manycommercial lease agreements, the responsibilities of the landlord and tenant can var...
What is the definition of a landlord?Individuals who own real estate, such as an apartment complex, and rent the real estate to tenants, are commonly known as landlords. While it’s typical that a lessor owns and maintains residential property, the term can also be applied to owner of com...
Federal bankruptcy law allows a commercial tenant that files bankruptcy to assume or assign an unexpired lease, regardless of anti-assignment provisions contained in the lease, and even if the tenant is in default. Although the tenant needs to cure the defau...
Mary rented a house and is paying rent to the landlord every month. The landlord raised the rent on the commercial space to cover maintenance costs. The tenants complained to the landlord about the broken air conditioning unit. The landlord is responsible for ensuring that the building meets all...
What is the difference between subletting and subleasing? In short,subletting allows a new renter to take over the lease directly with the landlord, while subleasing involves renting all or part of the space to another renter through the original renter. ...
What is a lease? What types of lease are there? What is a lease? The term Lease usually applies to rent that is paid for non-residential space. It is a contract between a business and a landlord, for commercial/for profit use of the property. ...
An estoppel certificate is a document that confirms the details of a rental agreement between a landlord and a tenant. Let's break it down.
As a landlord, you are responsible for ensuring your HMO licence is current, but if you use a property management agent, they can apply for you. Do you need an HMO licence for three tenants? Most likely not, however, you may still need a licence depending on your local council’s rul...
A land lease is common for commercial real estate, but many residential property owners also pay to lease the land their homes sit on — many apartment buildings in New York City, for example, are built on land leases. Types of land leases ...
A land lease is common for commercial real estate, but many residential property owners also pay to lease the land their homes sit on — many apartment buildings in New York City, for example, are built on land leases. Types of land leases There are two main types of land leases: subordi...