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Default tenancy is shared. You and other customers all have VM's on the same hypervisor, and the separation is programmatic. Dedicated tenancy means you're the only customer running anything on that host.
For example, the original tenant might have put holes in the wall to make a new passageway or undertaken other major work on the property. At the end of the lease, the new tenant must fix those issues and return the property to the condition that it was in at the start of the lease.
What is the most common form of landlord default? Failure to provide services and maintain the property condition. What is the most common form of tenant default? Failure to pay rent or maintain the premises.
Here is an example of a rent amount clause in a lease: "The Tenant agrees to pay $12,000 as rent, to be paid as follows: $1,000 per month, due on the 1st day of each month. Payment of the first month's rent and any security deposit is due upon the signing of this Lease by the Tenant.
What Are Lease Clauses? A lease clause is a specific part of a contract or rental agreement between the landlord and tenant. These clauses need to be compliant with local state laws and other agreements between the two parties.