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Previously, residents were allowed to have packages delivered to the apartment complex's mailroom free of charge. Now, a lease addendum has added a $20 per month charge for a third-party service ...
Free rent may also be known as rent abatement, a specific use of a term that may also be used more generically. Inducements can also be provided in the form of compensation for tenant improvements , which takes the form of either direct payments that the tenant can use to improve the rental unit, or similar renovations carried out by the landlord.
In May 2014, the city of Berkeley was the first rent control city in California to adopt a smoke-free multi-unit housing law with a city enforcement mechanism in place that covers all newly initiated leases while encouraging those with existing leases to sign a new non-smoking lease addendum on a voluntary basis.
A rental agreement is a contract of rental, usually written, between the owner of a property and a renter who desires to have temporary possession of the property; it is distinguished from a lease, which is more typically for a fixed term. [1]
A lease option (more formally Lease With the Option to Purchase) is a type of contract used in both residential and commercial real estate.In a lease-option, a property owner and tenant agree that, at the end of a specified rental period for a given property, the renter has the option of purchasing the property.
A typical real estate contract specifies a date by which the closing must occur. The closing is the event in which the money (or other consideration) for the real estate is paid for and title (ownership) of the real estate is conveyed from the seller(s) to the buyer(s). The conveyance is done by the seller(s) signing a deed for buyer(s) or ...
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