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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.
Mixed forms of tenure are also possible. The basic forms of tenure can be subdivided, for example an owner-occupier may own a house outright, or it may be mortgaged . In the case of tenancy, the landlord may be a private individual, a non-profit organization such as a housing association , or a government body, as in public housing .
Lease-by-room, also known as individual leasing, is an arrangement whereby a tenant and their roommates pay rent for their own rooms instead of each tenant being equally liable for the rent for the whole apartment. Typically lease-by-room leases are multi-room apartments or townhomes with shared bathrooms and living rooms.
The most common form of real property lease is a residential rental agreement between landlord and tenant. [8] As the relationship between the tenant and the landlord is called a tenancy, this term generally is also used for informal and shorter leases. The right to possession by the tenant is sometimes called a leasehold interest.
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L. Land Acts (Ireland) Landlord and Tenant (Covenants) Act 1995; Landlord and Tenant (Rent Control) Act 1949; Landlord and Tenant Act 1709; Landlord and Tenant Act 1730
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