This office lease provision is detailing the conditions under which a landlord or tenant may have concurrent work done on the premises.
Puerto Rico Provision Dealing with Concurrent Work By Landlord and Tenant in the Premises
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US-OL502
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How to fill out Provision Dealing With Concurrent Work By Landlord And Tenant In The Premises?
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FAQ
Leasehold interest The right held by the lessee or tenant to use and occupy real estate for a stated term and under the conditions specified in the lease.
The lease is made up of legal stipulations known as terms. The landlord may choose to include a possession clause in the lease. The tenant receives right of possession of the rental property in exchange for the required deposit and payment of rent.
The original tenant cannot assign more rights than it has under the original lease. For example, if the term of the lease is 1 year, the term of the assignment cannot be 2 years. Most leases will require the landlord's written consent before an assignment becomes effective.
Names and contact information for the landlord and/or property management company. Address of the property being leased, including restricted areas if applicable. Restrictions on subletting and long-term guests. Amount of rent, including security deposit, fees, and payment terms.
When a landlord allows a tenant to use the premises of a given unit, the landlord is satisfying the element of possession or the right of possession in a valid lease contract.
Leasehold estate. A tenant's right to occupy real estate during the term of a lease, generally considered to be a personal property interest.
The right to a safe and habitable living space: Landlords are required to provide tenants with a safe and habitable living space. This means that the property must be free from hazards such as mold, lead paint, and other dangerous conditions.
Leasehold interest The right held by the lessee or tenant to use and occupy real estate for a stated term and under the conditions specified in the lease.
As a tenant, you have the right to: live in a property that's safe and in a good state of repair.
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. actually be maintained for thirteen months.