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A housing lease may specify whether the renter is living alone, with family, children, roommate, visitors. A rental may delineate the rights and obligations of each of these. For example, a "sub-let" to a stranger might not be permitted without permission of the landlord. This also applies to whether or not pets may be kept by the renter.
Rooming houses are better described as a "living arrangement" rather than a specially "built form" of housing; rooming houses involve people who are not related living together, often in an existing house, and sharing a kitchen, bathroom (in most cases), and a living room or dining room.
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 .
A lease in which the renter benefits from an increase in value of the asset is known as a finance lease. A leasing agreement which is not a finance lease is known as an operating lease. In housing, when a tenant rents an apartment but only pays for their room and the common space is a lease-by-room arrangement.
A certificate of occupancy is a document issued by a local government agency or building department certifying a building's compliance with applicable building codes and other laws, and indicating it to be in a condition suitable for occupancy.
In general, by paying the negotiated fee to the lessor, the lessee (also called a tenant) has possession and use (the rental) of the leased property to the exclusion of the lessor and all others except with the invitation of the tenant. The most common form of real property lease is a residential rental agreement between landlord and tenant. [7]
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