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Corporate rentals can generate high profits through monthly rental income. Executives and other professionals are in need of corporate housing, which results in inherently high-quality tenants. Corporate short-term rentals typically require less maintenance than other rental properties.
Most towns in New Jersey require a landlord to obtain a new Certificate of Occupancy each and every time a new tenant moves in to a residential dwelling. Some towns even require Certificates of Occupancy for commercial rentals. Inspections requirements for a certificate of occupancy vary greatly by municipality.
These are eight clauses that a landlord should include in a lease agreement in California:Security Deposits.Specific Payment Requirements.Late Rent Fees.Rent Increases.Notice of Entry.Rental Agreement Disclosures.Gas and Electricity Disclosure.Recreational Marijuana and Rentals.
Essential Lease Clauses In Your California Rental AgreementRental Agreement vs. Lease.Ownership of Inhabitancy.Mode of Communication.Description of Rental Property.Rent.Deposits & Fees.Repairs and Maintenance.Restricting tenant's illegal activities.More items...?
Most leases and rental agreements include a clause in which the tenant agrees that the premises are in habitable (livable) condition and promises to alert the landlord to any defective or dangerous condition. Tenant's repair and maintenance responsibilities.
Main Parts of a Lease AgreementNames of tenants. Include the first and last name of all tenants who will be residing in the premises.Lease Term. What is the length of time that the lease is valid?Payment of Rent.Deposits.Fees, Fines, Charges.Responsibilities.Access to Premises.Use.More items...
Tenant means any Person obligated by contract or otherwise to pay monies (including a percentage of gross income, revenue or profits) under any Lease now or hereafter affecting all or any part of the Property. Ground Lessee means the Owner Lessor as lessee of the Ground Interest under the Facility Site Lease.
Lease provisions are usually described as "boilerplate," since many leases use standard language. Boilerplate language in a lease may include the terms of the lease, payment dates, and late fees, among others. But unusual issues sometimes crop up.
A true corporate tenancy is where the end user (the tenant) is a company. The tenancy is drawn up in its name and the company (not the occupier) pays the rent to the landlord via an agent. In the vast majority of cases, the company will make the property available to its staff for the duration of the tenancy.
The Consumer Protection Act (CPA) does NOT apply to all lease agreements (or rental agreements). This is really important to know because the Consumer Protection Act has a big influence on the lease and changes the legal position between the landlord and tenant significantly.