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Prohibits different treatment of month-to-month leases than fixed-term leases in terms of rent levels and fees. Extends ‘for-cause’ eviction protections to tenants with a long-term lease.
The time use of a chattel or other so called "personal property" is covered under general contract law, but the term lease also nowadays extends to long term rental contracts of more expensive non-Real properties such as automobiles, boats, planes, office equipment and so forth. The distinction in that case is long term versus short term rentals.
Rent-to-own, a term used in the United States for rental of furniture or appliances. The term is also used in the US for real estate transactions, where the tenant has an option to purchase the property at a fixed price at a specified future time. Such arrangements are also known as lease-option, lease-to-own or lease to purchase option.
The term seemingly denoting "home", dwelling house, has been held to apply widely by the Courts, to exclude only businesses and highly indistinct factual arrangements of accommodation within a house or a flat (where the home is shared in an esoteric manner and no particular tenant or set of joint tenants can be said to be entitled exclusively the whole of any one part and anti-exclusion case ...
Leasing a car gives you a vehicle to drive for a fixed number of miles and months. It’s similar to renting an apartment instead of buying a house. There is less long-term commitment involved ...
The narrower term 'tenancy' describes a lease in which the tangible property is land (including at any vertical section such as airspace, storey of building or mine).A premium is an amount paid by the tenant for the lease to be granted or to secure the former tenant's lease, often in order to secure a low rent, in long leases termed a ground rent.
Here's a comparison of fixed expenses vs. variable expenses to help you budget efficiently. ... For example, you can save money on your insurance plan by looking for an insurer with better deals.
Closed-end leases are so called because they run for a fixed term, and the lessor and lessee agree in the lease contract what the residual value of the property being leased will be. In most cases (particularly in retail motor vehicle leases), the lessee has an option to purchase the property for the agreed residual value at the end of the ...
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