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Leasing is said to be an agreement between two parties; tenant and owner. In real estate, leasing means allowing temporary use of land, houses, and buildings to tenant. Both the tenant and owner will sustain the terms and condition of contract for the lease to remain valid.
Wiki User
∙ 8y ago
Wiki User
∙ 12y agoThe terms lease or rent refer to paying for a piece of property (such as a house, apartment, or car) that someone else owns. The payments you make allow you to use that property for an allotted period of time. The term lease can also refer to the agreement made regarding how much will be payed for how long.
Wiki User
∙ 8y agoA lease is a written legal document that sets forth the terms under which one party agrees to rent property from another party. A lease guarantees the renter (lessee ) the use of a defined property and guarantees the property owner (lessor) regular payments from the renter for a specified number of months or years. Both the lessee and the lessor must uphold the terms of the contract for the lease to remain valid. A written lease cannot be amended in any way by any subsequent oral agreements.
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Does "Homes for lease" mean the same as "Homes for rent"?
Homes to rent and homes to lease are very similar. Homes to rent you rent them for a week, a month or whatever you agree on withyour landlord. Homes for lease is pretty much the same but some lease to own has an option to buy the place you are renting.
What does Lease and Rent mean in relation to assets other than property?
Lease indicates that there is an asset available I.e. an item is able to be leased and rent is in relation to the person whom wants to rent the assets.
What is the reward for land?
Rent or lease
What does sublet mean?
To lease or rent your already leased or rented apartment/house
What commercial lease is not commonly used Triple net lease Gross lease Net lease double gross lease double net lease?
Rent based on a percentage rent.
WHAT IS Gain to lease in apartment?
It means if an apartment rent is $500 and they rent you the apartment for $550, the apartments have a $50 gain to lease. If they rent it for $450, they have a $50 loss to lease.
What does lease abatement mean?
a lease abatement is a clause within a lease contract allowing the lessee to forgo rent during its initial few months of rent. this is critical because, as rent goes, it can be the biggest expense for a new business. an abatement allows the company to bypass the rent during the buildout phase when it is not making any revenue.
If a roommate that signed the lease walks out who is legally responsible for the rent?
Anyone on the lease or that signed the lease is legally responsible for the rent, unless otherwise noted in the lease.
What does rent for lease mean?
When a tenant signs a lease for a rental property it is for a finite term such as 6 months or a year. Under this lease agreement the tenant agrees to pay the property owner monthly rental payments as agreed to.
How much can your landlord raise the rent all at once to a new tenant?
It depends on your lease. If you don't have a lease, the rent can be raised at any time by any amount. If you do have a lease, check the lease. If their are limits raising the rent in the lease, then you can bring that to your landlord's attention. If they raise your rate more than what's in the lease, then you can sue them in order to get them to comply with the lease. If there are no limits identified in the lease, then the rent can be raised at any time by any amount.
What is a contract thet lets you rent someone else's possessions?
lease
What are the risks of cosigning a lease?
The risk of cosigning on a lease is that the cosigner is responsible for the rent for the leased property even if the other signers do not pay the rent. The landlord can go after one or all of the cosigners on a lease to get rent paid if the lease is not paid for the full term.
