Connecticut Agreement to Lease Condominium Unit - Condo Rental - in a Mixed Use Development Building with an Option to Purchase Unit - Lease or Rent to Own

State:
Multi-State
Control #:
US-01361BG
Format:
Word; 
Rich Text
Instant download

Description

A condominium is a combination of co-ownership and individual ownership. Those who own an apartment or a condominium are co-owners of the land and of the halls, lobby, and other common areas, but each apartment or condominium unit in the building is individually owned. This Agreement for the Sale and Purchase of a Condominium Unit is similar to an agreement for the sale and purchase of a lot and building.


Mixed-use development is the practice of allowing more than one type of use in a building or set of buildings. In planning zone terms, this can mean some combination of residential, commercial, industrial, office, institutional, or other land uses.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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  • Preview Agreement to Lease Condominium Unit - Condo Rental - in a Mixed Use Development Building with an Option to Purchase Unit - Lease or Rent to Own
  • Preview Agreement to Lease Condominium Unit - Condo Rental - in a Mixed Use Development Building with an Option to Purchase Unit - Lease or Rent to Own

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FAQ

A lease is not the same as a licence. A lease gives the tenant a proprietary interest in the land. A licence is only a personal arrangement between two parties, where the landlord has given the tenant a personal permission to use the premises for a short period of time.

ALIENATION The transferring of property to another; the transfer of property and possession of lands, or other things, from one person to another.

Landlords cannot enter tenanted properties without giving proper notice. Landlords cannot arbitrarily end someone's tenancy before the lease expires. Arbitrary, mid-lease rent increases are not permitted unless specified in certain circumstances in the lease or by the municipality.

It is not a straightforward matter and is governed by both the common law of contract and the Consumer Protection Act, No 68 of 2008.

Lend-Lease Act (1941)

(a) A landlord or a landlord's agent may not interrupt or cause the interruption of utility service paid for directly to the utility company by a tenant unless the interruption results from bona fide repairs, construction, or an emergency.

A Commercial Tenancy Agreement, also known as a Business Lease or a Commercial Lease, is used when the owner of a business property wishes to rent space to another business owner. Both parties may either be individuals or corporations.

You may consider an agreement as non-commercial when it includes terms which are not legally enforceable or which the parties did not intend to be legally enforceable. Such terms may be written into the agreement or may be verbal. For example when a. claimant does household chores for their landlord.

Specifically, the tenant pays the base rent, property but also taxes, insurance, utilities, and maintenance. This even includes standard property repairs associated with the commercial space being occupied.

A lease takeover, also known as a lease assignment, occurs when a new tenant takes over the remaining term of a departing tenant's lease, with the approval of the landlord.

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Connecticut Agreement to Lease Condominium Unit - Condo Rental - in a Mixed Use Development Building with an Option to Purchase Unit - Lease or Rent to Own