This office lease form illustrates the different time lines for different components of rent, additional rents and other charges, thus creating independent commencement and running dates for measurement, and payment. This form also deals with resulting delays in the performance of either party and the impact on all of the defined measurement periods of any delays. Without reference to other facts and documents, the reader will see the benefit of precise complex definitions and also the danger that can result from the casual review of a document that employs the pyramiding of one definition upon another.
South Carolina Allocation of Certain Time Periods for Construction Between the Landlord and Tenant Drafted Using the Pyramiding Technique
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Lease: A contract that states the terms and conditions a landlord and a tenant agree to regarding rental property, including payment terms, the responsibilities of both parties, and consequences if terms and conditions are not met, to ensure that both parties of the lease are protected.
A lease is a legal, binding contract outlining the terms under which one party agrees to rent property owned by another party. It guarantees the tenant or lessee use of the property and guarantees the property owner or landlord regular payments for a specified period in exchange.
Which statement BEST describes the difference between sharecropping and tenant farming? Sharecroppers owned nothing but their labor, while tenant farmers owned farm animals and equipment to use in working other people's land.
Noncompeting clause. A lease clause granting a retail tenant an exclusive right to operate without competition on the property.
What is the minimum period of time over which the owner of an apartment building can depreciate the improvements? 27.5 years. A section contains how many acres? What is the employment contract between a property manager and owner called?
In most states, an oral lease for more than 1 year is _____. valid but not enforceable. The landlord is called the lessor. The landlord is usually the owner, but this is not always true. The tenant is called the lessee.
Which of these terms refers to the mutual agreement between the landlord and the tenant? Mutual Assent.
A lease is a contract between two parties where one party, the lessor, allows the other party, the lessee, use of their property for a period of time in exchange for consideration, usually a monthly sum of money. The original owner ultimately retains possession of the property. See landlord-tenant law.