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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]
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]
The option gives the tenant the right (but not the obligation) to purchase the property at a later date. The lease option only binds the seller to sell, it does not bind the buyer to buy. That makes it a "unilateral" or one-way agreement. In contrast, a lease-purchase is a bilateral, or two-way, agreement. The basic elements of a lease-option ...
Some young Americans had a tough time finding a job last year. Companies were slow to hire in 2024 as workers quit their jobs less frequently, according to government data — a far cry from the ...
Neighbors told The Post that Jabbar, 42, had only left the house hours before his bloody 3 a.m. rampage, claiming to them that he was moving to the Big Easy for a better job.
He officially finds himself in standing as a top-10 fantasy WR through the first 14 weeks of the season, ranked third among WRs with 944 receiving yards, and averaging a stunning 16.0 yards per ...
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