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In order to rent or lease in many apartment buildings, a renter (also referred to as a “lessee") is often required to provide proof of renters insurance before signing the rental agreement. There is a special type of the homeowners insurance in the United States specifically for renters — HO-4.
In 1961, Kaiser-Aetna entered into a lease agreement with the land owner, the Bernice Pauahi Bishop Estate, to develop the 521 acre (2.11 km 2) fishpond into residential tracts with a marina and channels separated by fingers of land and islands upon which house lots and commercial properties would be laid out and developed. [1]
Sometimes, but not always, a residential tenancy under a lease agreement is colloquially known as renting. The leaseholder can remain in occupation for a fixed period, measured in months or years. Terms of the agreement are contained in a lease, which has elements of contract and property law intertwined.
The Uniform Residential Landlord and Tenant Act, also known as URLTA, is a sample law governing residential landlord and tenant interactions, created in 1972 by the National Conference of Commissioners on Uniform State Laws in the United States. Many states have adopted all or part of this Act. [1]
Hawaii Advisory Committee to the U.S. Commission on Civil Rights: Tatibouet, Andre S. (chairperson) et al. (December 1991). A Broken Trust. The Hawaiian Homelands Program: Seventy Years of Failure of the Federal and State Governments to Protect the Civil Rights of Native Hawaiians. U.S. Government Printing Office: 1991—617-651/41065.
A Lease-Purchase Contract, also known as a lease purchase agreement or rent-to-own agreement, allows consumers to obtain durable goods [1] or rent-to-own real estate [2] without entering into a standard credit contract. [1] It is a shortened name for a lease with option to purchase contract.
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