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The Residential Tenancies Act and Regulations are the laws governing the rental of residential property and leading the relationship between the landlord and their tenants in the province of Alberta. In Alberta, there is no limit to the rent amount landlords are permitted to charge. Rents can only be increased once a year for an existing tenant.
English: Combines elements of a traditional rental agreement with an exclusive right of first refusal option for later purchase on the home. It is a shortened name for Lease with Option to Purchase Contract.
The tenant screening process typically begins when the prospective tenant (each adult applicant) completes a rental application and pays an application fee and perhaps a holding deposit. Rental applications are designed to collect personally identifying information (name, social security number, date of birth, etc.), address, employment ...
As well as a hold, a tenant in the Canadian property market can gain a contract for easement (right of way), restrictive covenants (specific manner), or in servitude (burden to another). Whilst in Quebec, usufruct , servitudes, superficies (above ground i.e. condo), and emphyteusis (period of time) are the types of rights for land.
ships and boats, in which case rental is known as chartering, and the rent is known as hire or freight (depending on the type of charter) aircraft, in which case rental is known as chartering, or leasing if the rental is longer term; specialized tools, such as a chainsaw, laptop, IT equipment or something more substantial, such as a forklift.
Companies that manage rented residential property are often members of the Association of Residential Letting Agents. Companies or individual landlords who accept tenancy deposits for "assured shorthold tenancies" (the usual form of residential tenancy) are required by statute to be members of a Tenancy Deposit Scheme.
The FDIC is an independent government agency charged with maintaining stability and public confidence in the U.S. financial system and providing insurance on consumer deposit accounts.
The four unities is a concept in the common law of real property that describes conditions that must exist in order to create certain kinds of property interests. . Specifically, these four unities must be met for two or more people to own property as joint tenants with legal right of survivorship, or for a married couple to own property as tenants by
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