License For Lease In King
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The choice of license vs licence in Canada leans towards British norms; Canadians spell the noun form as 'licence' and the verb as 'license'. Choosing between license vs licence in Australia also follows the same norm. To summarize: In the US: license (both noun and verb)
This is a form of licence agreement that an owner of commercial real property, the licensor, may enter into with another party, the licensee, to permit the licensee to use all or part of the licensor's real property for a short period of time, usually no longer than one year.
Leases may be for a building or portion of a building, for land alone (commonly referred to as a 'ground lease') or a combination of land and building. The second is a license which grants permission to occupy or use the property in common with the owner or others authorized by the owner.
A license connotes the use or occupancy of the grantor's premises. But a lease grants exclusive possession of designated space to a tenant, subject to rights specifically reserved by the lessor. A license is cancellable at will and without cause.
Here are the lease notice requirements for New Jersey leases: Weekly Leases - Seven days of notice. Monthly Leases - 30 days of notice. Yearly Leases - Three months of notice.
Tenant rights grant them the ability to seek housing without any kind of discrimination from their landlord, as well as to ensure habitable housing conditions. New Jersey landlord-tenant law also allows tenants to request property repairs on time.
