Repair and maintenance.The lease should stipulate which party handles routine maintenance and repairs and the process for handling repair requests. Most states have laws limiting the landlord’s right to enter a residential property, so it is common to include a right-to-enter clause describing the...
A lease option is an agreement that gives a renter a choice to purchase the rented property during or at the end of the rental period. It also precludes the owner from offering the property for sale to anyone else. When the term expires, the renter must either exercise the option or forf...
What is an Escalator Clause? Discussion Comments Byanon980531— On Dec 05, 2014 Get all of the people in your area who have been negatively affected and amend the zoning to allow for what you need. You may have to hire a lawyer for the group. ...
A lease is a legal contract established by two parties over a certain asset where the lessor (the owner) agrees, under certain conditions, to rent his property to a lessee (the person receiving the property). This contract can have a limited time period (a leasehold) or an unlimited one ...
• Renewal- This Deed may contain the clause of renewal of the lease after a specific period. In the case of renewal, it should be specified whether there would be any alteration of the consideration or rent. Conclusion A lease is not the transfer of immovable property from one person to...
What is a Lease Purchase Contract? What is a Renewal Option? Discussion Comments ByMarkerrag— On May 16, 2014 @Terrificli -- those option clauses are almost always enforceable. Why? Because both the buyer and seller receive something and that makes the clause enforceable. In the case of ...
Lease vs rental agreement: Key takeaways Rent agreements in India Legality involved No single litmus test to distinguish licence from lease: Kerala HC FAQs This is true if we went by the strict legal division created between the two arrangements of tenancy. A tenancy could either be created thr...
How a Ground Lease Works A ground lease indicates that improvements will be owned by the property owner unless an exception is created and stipulates that all relevant taxes incurred during the lease period will be paid by the tenant. Because a ground lease allows the landlord to assume all im...
The sections required in the lease will vary depending on the type of the lease and the requirements of the state where it is signed. There also will beclausesthat some lessors see as essential while others will omit. Leases can be anywhere from one page to twenty pages, depending on the...
The sections required in the lease will vary depending on the type of the lease and the requirements of the state where it is signed. There also will beclausesthat some lessors see as essential while others will omit. Leases can be anywhere from one page to twenty pages, depending on the...