Difference Between Condo And Condominium In Washington
Category:
State:
Multi-State
Control #:
US-00413BG
Format:
Word;
Rich Text
Instant download
Description
The document titled 'Agreement to Lease Condominium Unit' outlines the terms between a lessor and lessee regarding the leasing of a condominium unit in Washington. The primary difference between a condo and a condominium is that 'condo' often refers to the individual unit, while 'condominium' encompasses the entire property, including the common areas owned collectively by all unit owners. Key features of the lease include the term duration, rent payment details, maintenance responsibilities, and conditions for use of the premises. The lease specifies that monthly rent includes additional payments for common area maintenance and imposes restrictions on illegal activities and subletting without consent. It emphasizes the lessee's obligation to maintain the unit in good order and includes provisions for termination due to payment defaults. This form is especially useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a clear framework for leasing agreements, ensuring that legal requirements are met while protecting the interests of both lessor and lessee.
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