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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.
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.
The length of the lease is also a determinant of value (e.g., 20 years of guaranteed income will be worth more 10 or 15 year terms). Generous rental increases, also known as rent bumps, add value to the lease and protect the landlord against inflation. Some leases also have a percentage rent kick in if the tenant's gross sales hits a certain CAP.
Shaquil Barrett is back with the Tampa Bay Buccaneers five months after he announced his surprise retirement. The 32-year-old linebacker spent five seasons with the Buccaneers before being ...
The Swedish retailer's once-affordable pieces are a huge hit on the resale market. These are the 10 most valuable vintage IKEA pieces.
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