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A rental agreement or lease may include a "rent review" clause which makes provision for the rental amount to be increased, the process for the landlord to provide notice of a rent increase and the options available to the tenant regarding acceptance or rejection of the proposed increase. [3]
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.
General William T. Sherman, who issued the orders that were the genesis of forty acres and a mule. Forty acres and a mule refers to a key part of Special Field Orders, No. 15 (series 1865), a wartime order proclaimed by Union general William Tecumseh Sherman on January 16, 1865, during the American Civil War, to allot land to some freed families, in plots of land no larger than 40 acres (16 ha ...
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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The most viable form is the form for a neutral or pre-agreed source to collect communal benefit payments, the estate rentcharge. Either type is usually protected by registering the deed of rentcharge against the land. They can be extinguished by a compensation-based statutory procedure, which removes the regular administrative burden on both ...
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