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The time use of a chattel or other so called "personal property" is covered under general contract law, but the term lease also nowadays extends to long term rental contracts of more expensive non-Real properties such as automobiles, boats, planes, office equipment and so forth. The distinction in that case is long term versus short term rentals.
Prohibits different treatment of month-to-month leases than fixed-term leases in terms of rent levels and fees. Extends ‘for-cause’ eviction protections to tenants with a long-term lease.
Closed-end leases are so called because they run for a fixed term, and the lessor and lessee agree in the lease contract what the residual value of the property being leased will be. In most cases (particularly in retail motor vehicle leases), the lessee has an option to purchase the property for the agreed residual value at the end of the ...
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.
Rent-to-own, a term used in the United States for rental of furniture or appliances. The term is also used in the US for real estate transactions, where the tenant has an option to purchase the property at a fixed price at a specified future time. Such arrangements are also known as lease-option, lease-to-own or lease to purchase option.
Bankrate tip. If the car is significantly damaged, drivers can expect to be charged full market prices for repairs. At the end of the lease, you’ll have a few options.You can either turn in your ...
A periodic tenancy, also known as a tenancy from year to year, month to month, or week to week, is an estate that exists for some period of time determined by the term of the payment of rent. An oral lease for a tenancy of years that violates the statute of frauds (by committing to a lease of more than—depending on the jurisdiction—one year ...
The term seemingly denoting "home", dwelling house, has been held to apply widely by the Courts, to exclude only businesses and highly indistinct factual arrangements of accommodation within a house or a flat (where the home is shared in an esoteric manner and no particular tenant or set of joint tenants can be said to be entitled exclusively the whole of any one part and anti-exclusion case ...
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