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California's Statute of Frauds requires a lease to be in writing if it either: 1. has a term longer than one year; or 2. has a term less than one year which expires more than one year after the agreement is reached.
The landlord cannot increase the rent, decrease the services provided, or evict a tenant for asking that repairs be made or for notifying Code Enforcement of defects in the property. 3. The right to a rental unit that is habitable and compliant with all building and housing codes (KRS 383.595).
Kentucky law does not allow much leeway for commercial tenants to break a lease. However, it does require landlords to give at least 30 days notice to tenants if he or she plans to raise rent and seven days for the tenant to vacate the premises.
Yes, Microsoft Word has a free lease agreement template that you can customize to create your own contract and minimize any potential problems between tenant and landlord.
With a written lease agreement, the terms of the lease and the monthly rent are fixed for the time period specified in the agreement, usually six months or one year.
The two most common types of leases are operating leases and financing leases (also called capital leases). In order to differentiate between the two, one must consider how fully the risks and rewards associated with ownership of the asset have been transferred to the lessee from the lessor.
Agreement on four cardinal elements is required: (1) the Parties; (2) the Premises; (3) the Rent; and (4) the Duration.
Can a tenancy exist without any documentation? Section 2 of the Law of Property (Miscellaneous Provisions) Act 1989 provides that a commercial lease for a term of more than three years should be in writing and must include all of the terms agreed between the parties and should be signed by the landlord and the tenant.