How to Maximize this Unit

Size: px
Start display at page:

Download "How to Maximize this Unit"

Transcription

1 Unit 18 Leases

2 How to Maximize this Unit Have your book open to the Unit Have your recorder (iphone voice command recommended or voice recorder on Android) ready to record, with proper title prepared. Follow the Timed Module, completing each task. You must complete to move forward. Record your progress as you go. Use this audio later for review. Visit FORUM on for questions.

3 Chapter 18: Leases Anyone with an interest in rental property should be aware of the basic provisions of leases and management agreements, and other landlord-tenant issues. Real estate professionals should be knowledgeable about the local rental market to better assist prospective buyers or investor-buyers, or to manage their own portfolios.

4 Chapter Objectives Explain the essential elements of leasehold interests. Describe the essential terms of a lease agreement. Distinguish the various types of leases. Explain the means by which the lease may be terminated and discharged and the remedies available to the parties for its breach.

5 Key Terms to Record actual eviction ground lease percentage assignment holdover lease constructive eviction tenancy purchase estate (tenancy) at sufferance lease option estate (tenancy) at will lease purchase renewal estate (tenancy) for years leasehold estate option estate (tenancy) from period to lessee rent period lessor reversionary gross lease month-to-month right right of first refusal tenancy sale-and-leaseback net lease security deposit nondisturbance sublease clause

6 Leasing Real Estate Leasehold Estates Estate for Years Estate from Period to Period Estate at Will Estate at Sufferance

7 Lease Agreements Requirements Capacity to contract Legal objective Offer and acceptance Consideration

8 Types of Leases Gross Lease Net Lease Percentage Lease Variable Lease Ground Lease Oil and Gas Lease Lease Purchase Sale-and-leaseback

9 Discharge of a Lease Breach Actual Eviction Constructive Eviction Pro tenant Legislation Fair Housing and Civil Rights Laws

10 After the Unit... Read the Key Point Review in the Unit. Read the quizzes and answers. Are you right or wrong? Why? Go to QBank and customize a quiz on this Unit, selecting the boxes on the bottom to show progress as you go, and to show explanations. Take the quiz- recording your thoughts and how you did. Send us the recording for you to use as accountability. Text us or us any questions.

11 Unit 18 Quiz A tenant moves a pet into an apartment community that has a no-pets policy. The landlord wishes to remove the tenant due to the breach. The legal process to remove a tenant is known as a. constructive eviction b. eminent domain c. actual eviction d. partial eviction

12 C. actual eviction

13 Which of the following is TRUE about a holdover tenant? a. The landlord must accept additional rent if the tenant remains on the premises b. The tenant must give the landlord a 30-day notice to vacate c. The tenant may continue to occupy the premises without permission of the landlord d. The landlord may evict the tenant

14 D. The landlord may evict the tenant

15 Rent would BEST be described as a. contractual consideration to a third party b. consideration for the use of real property c. all monies paid by the lessor to the lessee d. the total balance owed under the terms of a lease

16 B. consideration for the use of real property

17 A tenancy in which the tenant continues in a possession after the lease has expired, without the landlord s permission, is a a. tenancy for years b. periodic tenancy c. tenancy at will d. tenancy at sufferance

18 D. tenancy at sufferance

19 A tenant signs a lease that includes a schedule of rent increase on specific dates over the course of the lease term. What kind of lease has this tenant signed? a. Percentage b. Net c. Graduated d. Index

20 C. Graduated

21 WE are here to help you. Rise to the TOP! Agent Rising Real Estate School and Training Center Kate Lanagan MacGregor Instructor/Owner Marie Greany Dean of Students

Unit 17. Closing the Real Estate Transaction

Unit 17. Closing the Real Estate Transaction Unit 17 Closing the Real Estate Transaction How to Maximize this Unit Have your book open to the Unit Have your recorder (iphone voice command recommended or voice recorder on Android) ready to record,

More information

Chapter 7 Massachusetts. Real Estate Contracts

Chapter 7 Massachusetts. Real Estate Contracts Chapter 7 Massachusetts Real Estate Contracts Contract Law A contract is an exchange of promises that is enforceable by law. Massachusetts allows both written and oral contracts. However, in Massachusetts,

More information

Modern Real Estate Practice, 18 th Edition

Modern Real Estate Practice, 18 th Edition Chapter 16 Leases LECTURE OUTLINE: I. Leasing Real Estate A. Definition lease 1. A contract between owner of real estate (lessor) and tenant (lessee) to transfer rights of exclusive possession and use

More information

Quiz 40:Leasing and Managing Property

Quiz 40:Leasing and Managing Property Quiz 40:Leasing and Managing Property 1. When a tenant sublets all or any part of the premises rented under a written lease, a. the tenant assigns all rights, title, and interests in the rented property

More information

Name: Date: 1. Generally, an oral lease for five years is A) illegal. B) unenforceable. C) a short-term lease. D) renewable only in writing.

Name: Date: 1. Generally, an oral lease for five years is A) illegal. B) unenforceable. C) a short-term lease. D) renewable only in writing. Name: Date: 1. Generally, an oral lease for five years is A) illegal. B) unenforceable. C) a short-term lease. D) renewable only in writing. 2. The lessor and lessee have agreed to a lease term of five

More information

Chapter 16 Questions Leases

Chapter 16 Questions Leases Chapter 16 Questions Leases 1. The Tolson's apartment lease has expired, but their landlord has indicated to them that they may remain on the premises until a sale of the building is closed. They will

More information

Unit 16. Real Estate Appraisal

Unit 16. Real Estate Appraisal Unit 16 Real Estate Appraisal How to Maximize this Unit Have your book open to the Unit Have your recorder (iphone voice command recommended) ready to record, with proper title prepared. Read through the

More information

A lease may be written or verbal.

A lease may be written or verbal. Leases 1 A lease may be written or verbal. 2 The property owner is called the landlord (lessor). 3 The landlord retains a leased fee estate. 4 The landlord also has a reversionary estate. 5 The tenant

More information

Chapter 4 Massachusetts. Forms of Real Estate

Chapter 4 Massachusetts. Forms of Real Estate Chapter 4 Massachusetts Forms of Real Estate Estate in Common In Massachusetts, it is presumed that when a deed conveys land to two or more people or to a husband and a wife except if it is a mortgage,

More information

Principles of Real Estate Chapter 17-Leases And Property Management

Principles of Real Estate Chapter 17-Leases And Property Management Principles of Real Estate Chapter 17-Leases And Property Management This chapter will explain the elements needed for a valid lease, the different rights ascribed to tenants and property owners, and the

More information

Chapter 5 Massachusetts. Legal Descriptions

Chapter 5 Massachusetts. Legal Descriptions Chapter 5 Massachusetts Legal Descriptions Methods of Describing Real Estate Massachusetts does not use the rectangular survey system for the description of property. It has been impractical to attempt

More information

Lesson 11: Property Management 1 of Property Management. Real Estate Principles of Georgia. Property Management

Lesson 11: Property Management 1 of Property Management. Real Estate Principles of Georgia. Property Management Real Estate Principles of Georgia Lesson 11: Property Management 1 of 67 275 Property Management Property management: Non-owner supervises operation of income property in exchange for fee. Many brokerages

More information

NEW YORK STATE BAR ASSOCIATION. LEGALEase. Rights of Residential Owners and Tenants

NEW YORK STATE BAR ASSOCIATION. LEGALEase. Rights of Residential Owners and Tenants NEW YORK STATE BAR ASSOCIATION LEGALEase Rights of Residential Owners and Tenants Caution The information in this pamphlet is intended as a general guide for informational purposes only, not as legal advice.

More information

1. A is a legal document used to transfer ownership rights to real estate from one party to another. a. plat b. lease c. sales contract d.

1. A is a legal document used to transfer ownership rights to real estate from one party to another. a. plat b. lease c. sales contract d. Chapter 5 Multiple Choice Questions / Page 1 Chapter 5 Multiple Choice Questions 1. A is a legal document used to transfer ownership rights to real estate from one party to another. a. plat b. lease c.

More information

THE RESIDENTIAL TENANCIES ACT OFFENCES

THE RESIDENTIAL TENANCIES ACT OFFENCES THE RESIDENTIAL TENANCIES ACT OFFENCES Revised September 8, 2016 There are 48 core offences listed in the Residential Tenancies Act, 2006 (the Act). Most of these offences apply to residential tenancies,

More information

Real Estate Principles Chapter 17 Quiz

Real Estate Principles Chapter 17 Quiz Real Estate Principles Chapter 17 Quiz 1. A property manager's budget for the property will typically include which of the following operating expenses? A. Reserves for replacement of built-ins B. Depreciation

More information

C. Transfer of estate to tenant (contrast with license) F. Real estate or an interest in real estate is subject matter

C. Transfer of estate to tenant (contrast with license) F. Real estate or an interest in real estate is subject matter Unit 15 ARE 306 Tenancy I. Definitions A. Lessee B. Lessor C. Rent II. Essential elements of landlord-tenant relationship A. Contract between landlord and tenant B. Provisions for the payment of rent C.

More information

IOWA LEASE AGREEMENT

IOWA LEASE AGREEMENT State of Iowa IOWA LEASE AGREEMENT Rev. 133C5EE This Lease Agreement (this Agreement ) is made as of this 26 day of December, 2017, by and between PETER JENSEN ( Landlord ) and HARRIET KNOX ( Tenant ).

More information

The Lease Contract Types of Lease Default and Termination Uniform Residential Landlord and Tenant Act

The Lease Contract Types of Lease Default and Termination Uniform Residential Landlord and Tenant Act 7 Real Estate Leases The Lease Contract Types of Lease Default and Termination Uniform Residential Landlord and Tenant Act THE LEASE CONTRACT Leasehold rights and obligations Contract requirements Lease

More information

Deed of Guarantee (Limited)

Deed of Guarantee (Limited) Deed of Guarantee (Limited) IMPORTANT WARNING TO INTENDED GUARANTOR/S: By signing this document you agree to underwrite the rental and other responsibilities of the Tenant under his/her tenancy agreement.

More information

Associated Realty Property Management 456 E. Beaver Avenue, State College, PA (814) Fax (814) LEASE

Associated Realty Property Management 456 E. Beaver Avenue, State College, PA (814) Fax (814) LEASE Associated Realty Property Management 456 E. Beaver Avenue, State College, PA 16801 (814) 231-3333 Fax (814) 234-6697 LEASE THIS IS A RESIDENTIAL LEASE. IT IS A LEGALLY BINDING CONTRACT BETWEEN THE LANDLORD

More information

19. Assignment and Sublet

19. Assignment and Sublet Page 1 of 10 This policy guideline is intended to help the parties to an application understand issues that are likely to be relevant and what information or evidence is likely to assist them in supporting

More information

Teacher's Guide. Lesson Four. Living On Your Own 04/09

Teacher's Guide. Lesson Four. Living On Your Own 04/09 Teacher's Guide $ Lesson Four Living On Your Own 04/09 living on your own websites Students can greatly improve the experience of living on their own and renting an apartment by learning about important

More information

Issues Relating To Commercial Leasing. AUSTRALIA Clayton Utz

Issues Relating To Commercial Leasing. AUSTRALIA Clayton Utz Issues Relating To Commercial Leasing AUSTRALIA Clayton Utz CONTACT INFORMATION Peter McMahon Clayton Utz 1 O'Connell Street, Sydney NSW 2000 +61 2 9353 4000 pmcmahon@claytonutz.com www.claytonutz.com

More information

ELEMENTS OF REAL PROPERTY

ELEMENTS OF REAL PROPERTY ELEMENTS OF REAL PROPERTY Real property consists of: Land: including the soil on the surface of the earth, all of the water, minerals, oil, and gas contained on or below the surface, and most of the airspace

More information

Governing or Regulatory Body: Department of Justice is responsible for the Residential Tenancies Act

Governing or Regulatory Body: Department of Justice is responsible for the Residential Tenancies Act Nunavut Many terms may relate to legal rights and obligations that are subject to change from time to time. Exact interpretation of terminology, acts and related regulations depend on the laws/legal procedures

More information

Letting out your property

Letting out your property Letting out your property 1. Property insurance Please ensure that your insurance company is notified that the property is let so that full cover can be maintained. 2. Arrears The mortgage account must

More information

NORTH CAROLINA LEASE AGREEMENT

NORTH CAROLINA LEASE AGREEMENT State of North Carolina NORTH CAROLINA LEASE AGREEMENT Rev. 133C5EE This Lease Agreement (this Agreement ) is made as of this 01 day of June, 2017, by and between ALAN TIMLIN ( Landlord ) and LILLIE YAEGER

More information

SUBLEASE AGREEMENT. (1) The Tenant lawfully rents the Leased Property from the Landlord. in the City of Philadelphia, Pennsylvania.

SUBLEASE AGREEMENT. (1) The Tenant lawfully rents the Leased Property from the Landlord. in the City of Philadelphia, Pennsylvania. SUBLEASE AGREEMENT 1. DATE AND PARTIES (1) This agreement is dated, 20. Month Day Year (2) This agreement is made between:, from now on called Tenant ; and, from now on called Subtenant. 2. LEASED PROPERTY

More information

Issues Relating To Commercial Leasing. U.S.A. - NEW MEXICO Rodey Law Firm

Issues Relating To Commercial Leasing. U.S.A. - NEW MEXICO Rodey Law Firm Issues Relating To Commercial Leasing U.S.A. - NEW MEXICO Rodey Law Firm CONTACT INFORMATION John P. Burton Rodey Law Firm P.O. Box 1357 Santa Fe, NM 87504-1357 315 Paseo de Peralta Santa Fe, NM 87501-1860

More information

Letting out your property

Letting out your property Letting out your property Scotland EXPLANATORY NOTES CONCERNING YOUR MORTGAGE IMPORTANT: Please read these notes before you fill in and sign the tenancy application. 1. Property insurance Please ensure

More information

Dispute Resolution Services

Dispute Resolution Services Dispute Resolution Services Page: 1 Residential Tenancy Branch Office of Housing and Construction Standards DECISION Dispute Codes MNR, MNSD, MNDC, FF Introduction On May 4, 2016, the Landlord submitted

More information

Illinois Compiled Statutes Commercial Code Uniform Commercial Code 810 ILCS 5/

Illinois Compiled Statutes Commercial Code Uniform Commercial Code 810 ILCS 5/ Illinois Compiled Statutes Commercial Code Uniform Commercial Code 810 ILCS 5/ (810 ILCS 5/) PART 1. GENERAL PROVISIONS (810 ILCS 5/2A-101) Sec. 2A-101. Short title. This Article shall be known and may

More information

APPRAISING (PROPERTY VALUATION)

APPRAISING (PROPERTY VALUATION) APPRAISING (PROPERTY VALUATION) An appraisal is the process and conclusion by an appraiser who arrives at an opinion or estimate of value, supported by data, of real estate at a certain point in time.

More information

Sample Real Estate Agreement

Sample Real Estate Agreement Sample Real Estate Agreement This real estate lease agreement ( Lease ) is made this day of, 201, between (referred to as Ministry in this agreement), and (referred to as Tenant in this agreement). Ministry

More information

(Otherwise Known As the Lease)

(Otherwise Known As the Lease) Chapter 3 THE RENTAL AGREEMENT (Otherwise Known As the Lease) A lease is a contract containing promises between you and the landlord. There are two types: a written lease and a spoken or oral agreement.

More information

LEASE AGREEMENT. The term of this lease is for, commencing on and ending on. The rent and rental for said property is per month.

LEASE AGREEMENT. The term of this lease is for, commencing on and ending on. The rent and rental for said property is per month. LEASE AGREEMENT THIS AGREEMENT entered into by and between, his wife (Lessor) and, (Lessee): WITNESSETH Lessor leases to Lessee the following described property, situated in the County of Saline and State

More information

LAW OF SALE AND LEASE 2017

LAW OF SALE AND LEASE 2017 LAW OF SALE AND LEASE 2017 The Law of Sale and Lease is a penultimate-year LLB credit. The two subject areas divide the course, with Sale being offered in term 1, and Lease in term 2. For the purposes

More information

KANSAS OFFICE 4800 RAINBOW BLVD., SUITE 200 WESTWOOD, KANSAS PH: (913) FX: (913)

KANSAS OFFICE 4800 RAINBOW BLVD., SUITE 200 WESTWOOD, KANSAS PH: (913) FX: (913) MISSOURI OFFICE 3740 BROADWAY, 2ND FLOOR KANSAS CITY, MISSOURI 64111 PH: (816) 931-2207 FX: (816) 931-2247 KANSAS OFFICE 4800 RAINBOW BLVD., SUITE 200 WESTWOOD, KANSAS 66205 PH: (913) 262-2207 FX: (913)

More information

KENTUCKY RESIDENTIAL LEASE (KREC)

KENTUCKY RESIDENTIAL LEASE (KREC) This Form Has Been Approved By The Kentucky Real Estate Commission (This is a Legally Binding Contract If you do not fully understand the terms of this contract, contact an attorney) PARTIES KENTUCKY RESIDENTIAL

More information

RESIDENTIAL LEASE. hereinafter designated as the TENANT(S), the following described premises located in the County of State of Michigan.

RESIDENTIAL LEASE. hereinafter designated as the TENANT(S), the following described premises located in the County of State of Michigan. RESIDENTIAL LEASE NOTICE: Michigan Law establishes rights and obligations for parties to rental agreements. This Agreement is required to comply with the Truth in Renting Act. If you have a question about

More information

Letting out your property

Letting out your property Letting out your property England and Wales EXPLANATORY NOTES CONCERNING YOUR MORTGAGE IMPORTANT: Please read these notes before you fill in and sign the tenancy application. 1. Property insurance Please

More information

23. PROPERTY MANAGEMENT

23. PROPERTY MANAGEMENT 23. PROPERTY MANAGEMENT I. Property Management Profession A. Definition: Property management is the process of achieving the goals of the owner of investment properties, especially in the areas of maximizing

More information

Brochure: A Guide to the Residential Tenancies Act

Brochure: A Guide to the Residential Tenancies Act Brochure: A Guide to the Residential Tenancies Act Information in this guide This guide is a summary of Ontario's Residential Tenancies Act (the Act) which came into effect on January 31, 2007. The Act

More information

TERMINATION OF A TENANCY

TERMINATION OF A TENANCY TERMINATION OF A TENANCY STATUTORY REFERENCES Residential Tenancies Act (RTA) sections: 1(1)(e) fixed term tenancy definition 1(1)(f) landlord definition 1(1)(h) overholding tenant definition 1(1)(i) periodic

More information

RIVERSTONE CONDOMINIUM 3220 Arlington Avenue

RIVERSTONE CONDOMINIUM 3220 Arlington Avenue 5683 Riverdale Avenue, Suite 203 Riverdale, NY 10471 Office: (718) 796-5022 Fax: (718) 796-5026 www.gmcrealty.com RIVERSTONE CONDOMINIUM 3220 Arlington Avenue LEASE APPLICATION The following items must

More information

LEASES - REMEDIES AND REQUIREMENTS IN BANKRUPTCY

LEASES - REMEDIES AND REQUIREMENTS IN BANKRUPTCY LEASES - REMEDIES AND REQUIREMENTS IN BANKRUPTCY Introduction The Bankruptcy provisions concerning leases are, for the most part, contained in Section 365 of the Code, which section of the Bankruptcy Code

More information

For further information about this report, contact Fred Brousseau at the Budget and Legislative Analyst s Office.

For further information about this report, contact Fred Brousseau at the Budget and Legislative Analyst s Office. subsequent to Unlawful Detainers being filed against them. Only 153, or 17.9 percent of the tenants served by the organization, remained in their rental unit. Of 575 of the 703 tenants served by the Eviction

More information

Texas Real Estate Principles II

Texas Real Estate Principles II Lesson 7: Leases Leasing Real Estate Topics This section focuses on the following topics: Introduction Overview of Leasing Real Property The Lease as a Real Estate Transaction The Nature of Leases Learning

More information

GEORGIA SECURITY DEPOSIT INFORMATION FOR TENANTS

GEORGIA SECURITY DEPOSIT INFORMATION FOR TENANTS GEORGIA SECURITY DEPOSIT INFORMATION FOR TENANTS What is a Security Deposit? A security deposit is money paid by the tenant to the landlord. The deposit protects the landlord if the tenant moves out without

More information

RAINES PROPERTY MANAGEMENT

RAINES PROPERTY MANAGEMENT RAINES PROPERTY MANAGEMENT RENTAL/CREDIT APPLICATION Property Address applied for: Commencement date: Term: Monthly rent: PERSONAL INFORMATION Name of Applicant: Date of Birth: / / Social Security No.:

More information

(Complete Section 3 ONLY if you received a Three-Day Notice to Quit for Nuisance/Waste/Etc.)

(Complete Section 3 ONLY if you received a Three-Day Notice to Quit for Nuisance/Waste/Etc.) JUSTICE COURT, TOWNSHIP OF CLARK COUNTY, NEVADA Landlord's Name: Tenant's Name: Address: City,State,Zip: Phone: E-Mail: vs. Landlord, Case No.: Dept No.: TENANT'S AFFIDAVIT/ANSWER IN OPPOSITION TO SUMMARY

More information

Sublet checklist. 2. Negotiate all terms with your roommates and subtenants prior to signing the sublease agreement.

Sublet checklist. 2. Negotiate all terms with your roommates and subtenants prior to signing the sublease agreement. Sublet checklist 1. Advertise early in as many ways possible. Off campus housing office in the S.A.B U of M Wedsite-offcampus.housing.umich.edu Flyers around campus/dorm areas Ad placed in Michigan Daily

More information

Leasing and Lease Form. Leasing and Lease Forms. Title Issues [p. 751] Ground Lease

Leasing and Lease Form. Leasing and Lease Forms. Title Issues [p. 751] Ground Lease Leasing and Lease Forms Residential: negotiation from standard form lease (provided by L) is nonexistent Commercial: No standard lease (term variation) In some cases, T may control form Market conditions

More information

DISCLAIMER: Copyright: 2014

DISCLAIMER: Copyright: 2014 DISCLAIMER: This publication is intended for EDUCATIONAL purposes only. The information contained herein is subject to change with no notice, and while a great deal of care has been taken to provide accurate

More information

LANDLORD AND TENANT FORMS - INSTRUCTIONS

LANDLORD AND TENANT FORMS - INSTRUCTIONS Dear Landlord or Tenant: LANDLORD AND TENANT FORMS - INSTRUCTIONS The attached forms are designed for your use in the event of common landlord/tenant disputes. They should be used only for residential

More information

Rental Application Form

Rental Application Form Property Address Tenant 2 LJ Hooker Sunnybank LJ Hooker Sunnybank Hills Hills Tenant 1 Tenant 3 Tenant 5 Tenant 4 Rental Application Form Tenant 6 Personal Information The agent collects, and uses, personal

More information

3.1 A Notice to Quit (NTQ) is a legal instrument to end a tenancy that can be provided by a tenant or a landlord to terminate the tenancy.

3.1 A Notice to Quit (NTQ) is a legal instrument to end a tenancy that can be provided by a tenant or a landlord to terminate the tenancy. Tenancy Policy 1. Scope 1.1 This policy outlines our approach to issuing, reviewing and terminating tenancies and licences for all rented properties across the Peabody Group. This does not include agency

More information

Renting the Space that s Right for Your Business: Things for Tenants to Consider in a Commercial Lease

Renting the Space that s Right for Your Business: Things for Tenants to Consider in a Commercial Lease Renting the Space that s Right for Your Business: Things for Tenants to Consider in a Commercial Lease Katherine Grossi Houser Henry & Syron LLP Suite 2000, 145 King St. W Toronto, Ontario, Canada M5H

More information

Rental Agreement Checklist Answer Key

Rental Agreement Checklist Answer Key Rental Agreement Checklist Answer Key 1. How long does the rental agreement last? Line 20, right hand column, below section titled term. Sample agreement states 12 months, and specifies a start of September

More information

propertymark QUALIFICATIONS LEVEL 3 AWARD IN RESIDENTIAL LETTING AND PROPERTY MANAGEMENT (ENGLAND AND WALES) QUALIFICATION SPECIFICATION

propertymark QUALIFICATIONS LEVEL 3 AWARD IN RESIDENTIAL LETTING AND PROPERTY MANAGEMENT (ENGLAND AND WALES) QUALIFICATION SPECIFICATION propertymark QUALIFICATIONS LEVEL 3 AWARD IN RESIDENTIAL LETTING AND PROPERTY MANAGEMENT (ENGLAND AND WALES) QUALIFICATION SPECIFICATION LIVE FROM JANUARY 2018 ABOUT PROPERTYMARK QUALIFICATIONS Propertymark

More information

LOT LEASE AGREEMENT. This Lease Agreement ( Agreement ) is made and executed by and between ( Lessor ) and / ( Lessee or Resident ) on.

LOT LEASE AGREEMENT. This Lease Agreement ( Agreement ) is made and executed by and between ( Lessor ) and / ( Lessee or Resident ) on. LOT LEASE AGREEMENT This Lease Agreement ( Agreement ) is made and executed by and between ( Lessor ) and / ( Lessee or Resident ) on. 1. 1. PREMISES: In consideration of the agreements and covenants mentioned

More information

What are Landlord's and Tenant's rights and obligations? Discuss.

What are Landlord's and Tenant's rights and obligations? Discuss. REAL PROPERTY ESSAY #1 MODEL ANSWER Tenant entered into a written lease of an apartment with Landlord on January 1, 1995. The lease provided that Tenant would pay $12,000 per year rent, payable in $1000

More information

APPLICATION FOR OCCUPANCY

APPLICATION FOR OCCUPANCY APPLICATION FOR OCCUPANCY Guidelines for Rental Qualification and Residency READ ALL INFORMATION BELOW BEFORE FILLING OUT APPLICATION Thank you for your interest in renting with DeVan Management LLC. We

More information

OVERVIEW City of Santa Rosa Rent Stabilization and Other Tenant Protections Ordinance

OVERVIEW City of Santa Rosa Rent Stabilization and Other Tenant Protections Ordinance OVERVIEW City of Santa Rosa Rent Stabilization and Other Tenant Protections Ordinance For certain rental units in the City, the Santa Rosa City Council adopted Ordinance 4072 on August 30, 2016 establishing

More information

What Can a Landlord Do When it Looks like the Tenant Has Abandoned the Property?

What Can a Landlord Do When it Looks like the Tenant Has Abandoned the Property? How Can a Landlord Remove a Tenant? If a Landlord wants their tenant to move out of the rental property and the tenant is not willing to move, the landlord must go to court and seek an order permitting

More information

acknowledgment addendum attorney fee provision choice-of-law provision consideration

acknowledgment addendum attorney fee provision choice-of-law provision consideration acknowledgment A formal declaration made before an authorized person, e.g., a notary public, by a person who has executed an instrument stating that the execution was his or her free act. In this state

More information

Student Activities. Lesson Two. Living On Your Own 04/09

Student Activities. Lesson Two. Living On Your Own 04/09 Student Activities $ Lesson Two Living On Your Own 04/09 estimate the cost of your bedroom furnishings directions On a sheet of paper, prepare an itemized list of every major object in your bedroom, including

More information

Buckeye Beach Park CAMPGROUND LOT LEASE AGREEMENT

Buckeye Beach Park CAMPGROUND LOT LEASE AGREEMENT Buckeye Beach Park CAMPGROUND LOT LEASE AGREEMENT This Lease Agreement ( Agreement ) is made and executed by and between Buckeye Beach Marina, Inc.( Lessor ) and _ / ( Lessee or Resident ) on Date. 1.

More information

THE DELAWARE RESIDENTIAL LANDLORD TENANT CODE

THE DELAWARE RESIDENTIAL LANDLORD TENANT CODE ATTORNEY GENERAL S OFFICE STATE OF DELAWARE THE DELAWARE RESIDENTIAL LANDLORD TENANT CODE EFFECTIVE JULY 17, 1996 Fraud and Consumer Protection Division Consumer Protection Unit SUMMARY OF THE DELAWARE

More information

Landlords, Tenants and Property Management

Landlords, Tenants and Property Management CITE THIS READING MATERIAL AS: first tuesday Landlords, Tenants and Property Management Eighth Edition Table of Contents i Table of...iv Introduction...vi Glossary...441 Table of Contents Chapter 1 Chapter

More information

If a Tenant Does Not Pay Rent

If a Tenant Does Not Pay Rent If a Tenant Does Not Pay Rent Information in this brochure The Residential Tenancies Act allows a tenant to be evicted if they have not paid their rent. This brochure provides information about rent payments,

More information

VENETIA VILLAS CONDOMINIUM ASSOCIATION, INC.

VENETIA VILLAS CONDOMINIUM ASSOCIATION, INC. VENETIA VILLAS CONDOMINIUM ASSOCIATION, INC. LEASE ADDENDUM This Lease Addendum applies to the following Lease: of lease: Landlord s name: Landlord s Address: Tenant s name: Address of the property rented:

More information

LEASE AGREEMENT W I T N E S S E T H. This Lease is made upon the following terms, covenants and conditions to which the parties hereby agree.

LEASE AGREEMENT W I T N E S S E T H. This Lease is made upon the following terms, covenants and conditions to which the parties hereby agree. 1 LEASE AGREEMENT THIS LEASE is entered into this day of 2006 by and between MARIN COUNTY FLOOD CONTROL AND WATER CONSERVATION DISTRICT, a Public District of the State of California, hereinafter called

More information

Space No.: MANUFACTURED HOME SPACE LEASE AGREEMENT

Space No.: MANUFACTURED HOME SPACE LEASE AGREEMENT Community: Space No.: Street or P.O. Box : MANUFACTURED HOME SPACE LEASE AGREEMENT This Lease Agreement ( Agreement ) is made and executed by and between ( Lessor ) and ( Lessee ) on this day of, 20. Lessor

More information

FROM COUNSEL A Preventive Law Service of the Fort Riley Legal Assistance Office Keeping You Informed On Personal Legal Affairs

FROM COUNSEL A Preventive Law Service of the Fort Riley Legal Assistance Office Keeping You Informed On Personal Legal Affairs FROM COUNSEL A Preventive Law Service of the Fort Riley Legal Assistance Office Keeping You Informed On Personal Legal Affairs Kansas Landlord Tenant Law 1. PURPOSE: To provide information regarding entering

More information

79th OREGON LEGISLATIVE ASSEMBLY Regular Session. House Bill 2240

79th OREGON LEGISLATIVE ASSEMBLY Regular Session. House Bill 2240 th OREGON LEGISLATIVE ASSEMBLY-- Regular Session House Bill 0 Introduced and printed pursuant to House Rule.00. Presession filed (at the request of Governor Kate Brown) SUMMARY The following summary is

More information

The Landlord and Tenant Act 1954 governs the rights and obligations of landlords and tenants of

The Landlord and Tenant Act 1954 governs the rights and obligations of landlords and tenants of The Landlord & Tenant Act 1954 and Security of Tenure The Landlord and Tenant Act 1954 governs the rights and obligations of landlords and tenants of premises which are occupied for business purposes.

More information

LEASE AGREEMENT. This Lease, made and entered into in duplicate original on this day of

LEASE AGREEMENT. This Lease, made and entered into in duplicate original on this day of LEASE AGREEMENT This Lease, made and entered into in duplicate original on this day of by and between and of P.O. Box 506 Bowling Green, KY 42102, hereinafter referred to as Landlord. PREMISES: TERM: Beginning,

More information

ELITE REALTY, LLC 3359 Hwy 14, Millbrook, AL Phone: Fax:

ELITE REALTY, LLC 3359 Hwy 14, Millbrook, AL Phone: Fax: ELITE REALTY, LLC 3359 Hwy 14, Millbrook, AL 36054 Phone: 334-517-6010 Fax: 334-517-6065 APPLICATION STANDARDS This page is to be kept by the Applicant for their informational purposes. Standard Credit

More information

Principles of Lease Documentation

Principles of Lease Documentation Principles of Lease Documentation A presentation made to The 2003 ELA Lease Accountants Conference Edward K. Gross Ober, Kaler, Grimes & Shriver ekgross@ober ober.com Introduction Lessor s Motivations

More information

CALIFORNIA RESIDENTIAL LEASE AGREEMENT

CALIFORNIA RESIDENTIAL LEASE AGREEMENT CALIFORNIA RESIDENTIAL LEASE AGREEMENT This Residential Lease Agreement (hereinafter Lease ) is entered into this the day of, 20, by and between the Lessor:, (hereinafter referred to as Landlord ), and

More information

ISSUES RELATING TO COMMERCIAL LEASING. BARBADOS Clarke Gittens Farmer

ISSUES RELATING TO COMMERCIAL LEASING. BARBADOS Clarke Gittens Farmer ISSUES RELATING TO COMMERCIAL LEASING BARBADOS Clarke Gittens Farmer CONTACT INFORMATION Savitri St. John and Creig Kinch Clarke Gittens Farmer Parker House, Wildey Business Park Wildey St.Michael Barbados

More information

Name Name Address Address. Telephone Telephone. Name Address. Telephone

Name Name Address Address. Telephone Telephone. Name Address. Telephone MAINE CONSUMER LAW GUIDE 16-3 1. PARTIES TO THIS LEASE The parties to the lease are: LANDLORD TENANT Name Name Address Address Telephone Telephone Name Address Telephone 2. MANAGING AGENT If the landlord

More information

Residential Buy to Let Landlords Administration of Estates

Residential Buy to Let Landlords Administration of Estates Residential Buy to Let Landlords Administration of Estates What you need to know Many people invest in a buy to let property as part of their portfolio of investments. The law and procedure in relation

More information

Assignments Pro Tanto, And Why To Avoid Them

Assignments Pro Tanto, And Why To Avoid Them Assignments Pro Tanto, And Why To Avoid Them Thomas C. Barbuti Sublease? Assignment? Assignment pro tanto? Maybe a sublease or an assignment, but an assignment pro tanto is an invitation to fracture occupancy

More information

LEASEHOLD PROPERTY CLIENT GUIDE

LEASEHOLD PROPERTY CLIENT GUIDE CLIENT GUIDE LEASEHOLD PROPERTY As the owner of a Leasehold property, it is in your own interest to understand the legal nature of the ownership. What exactly do you own and what are the associated rights

More information

60-HR FL Real Estate Broker Post-Licensing Learning Objectives by Lesson

60-HR FL Real Estate Broker Post-Licensing Learning Objectives by Lesson Lesson 1: Starting a Real Estate Office SECTION 1: BROKERAGE OFFICE ESSENTIALS Recall the characteristics of business entities that may register as a real estate brokerage and the rules involved to operate

More information

INSTRUCTIONS FOR LANDLORDS - SERVING LEGAL NOTICE ON TENANTS

INSTRUCTIONS FOR LANDLORDS - SERVING LEGAL NOTICE ON TENANTS INSTRUCTIONS FOR LANDLORDS - SERVING LEGAL NOTICE ON TENANTS THREE DAY NOTICES A Three-Day Notice is used when the tenant is in default under the terms of the Lease. The most common default of the tenant

More information

Lessee shall pay the sum of $ rent for premises, and shall be paid as follows: Day: Month: Year: and then Lessee will pay on the first day

Lessee shall pay the sum of $ rent for premises, and shall be paid as follows: Day: Month: Year: and then Lessee will pay on the first day L E A S E AGREEMENT 711 South Randolph Street Champaign, Illinois 61820 Telephone: (217) 352-8540 Fax: (217) 352-8592 rentals@faronproperties.com www.faronproperties.com Lessor and Lessee as hereinafter

More information

Issues To Consider ForThe G rowing Tenant (With S ample Clauses)

Issues To Consider ForThe G rowing Tenant (With S ample Clauses) Issues To Consider ForThe G rowing Tenant (With S ample Clauses) Linda D. White Linda D. White is a member of the firm of S onnenschein Nath & Rosenthal LLP, in Chicago. A commerciallease should change

More information

LEASE AGREEMENT. THIS AGREEMENT, made and entered into this day of, 20, by and between:

LEASE AGREEMENT. THIS AGREEMENT, made and entered into this day of, 20, by and between: LEASE AGREEMENT THIS AGREEMENT, made and entered into this day of, 20, by and between: ROMAN CATHOLIC BISHOP OF LOUISVILLE, A CORPORATION SOLE, By its unincorporated entity, PARISH FULL NAME PARISH ADDRESS

More information

LeaseAccelerator,Inc All Rights Reserved.

LeaseAccelerator,Inc All Rights Reserved. 1 LEASE ACCOUNTING - ASC 842 100 DATA FIELDS TO COLLECT FROM YOUR LEASES PAYMENTS: The following data fields impact lease payments. Changes to payments will impact how you account for your leases. Number

More information

Title Insurance & Leasehold Estates By: Yosi (Joe) Benlevi VP & Senior Underwriting Counsel

Title Insurance & Leasehold Estates By: Yosi (Joe) Benlevi VP & Senior Underwriting Counsel By: Yosi (Joe) Benlevi VP & Senior Underwriting Counsel Title Insurance and Leasehold Estates a short history The 1975 leasehold policy Covers for increased cost of leasing an alternate space and limited

More information

You can search for cases tried in Alberta Court of Queen s Bench pertaining to residential tenancy -

You can search for cases tried in Alberta Court of Queen s Bench pertaining to residential tenancy - INTRODUCTION PURPOSE: This Handbook is designed to explain the rights and responsibilities of all tenants, landlords, and agents involved in renting residential premises in Alberta under the Residential

More information

Demoted Tenancies Your Questions Answered

Demoted Tenancies Your Questions Answered Demoted Tenancies Your Questions Answered This leaflet answers a number of questions about your rights and responsibilities as a Demoted tenant. Please see the Tenancy policy and your tenancy agreement

More information

ENDING A TENANCY WHO, WHY, WHEN, and HOW

ENDING A TENANCY WHO, WHY, WHEN, and HOW ENDING A TENANCY WHO, WHY, WHEN, and HOW Landlord s Self-Help Centre Halton Housing Help Overview Halton Housing Help is a central access point that connects Halton Region residents and landlords to the

More information

Lease Agreement. 1. TERM: The premises are leased for a period of months, from

Lease Agreement. 1. TERM: The premises are leased for a period of months, from Lease Agreement THIS LEASE AGREEMENT is entered into on: by the management of LandMark Pointe Management, PLLC, hereinafter called Landlord and the undersigned Tenant covering: No. # located at: Tenant

More information

LEASE. Name of the tenant: 2. LEASED PREMISES:

LEASE. Name of the tenant: 2. LEASED PREMISES: LEASE LEASE THIS IS A RESIDENTIAL LEASE. IT IS A LEGALLY BINDING CONTRACT BETWEEN THE LANDLORD AND EACH TENANT. THIS LEASE IS ALSO BINDING UPON YOUR HEIRS, EXECUTORS, AND PERSONAL REPRESENTATIVES. EACH

More information

The Basics of a Commercial Lease

The Basics of a Commercial Lease The Basics of a Commercial Lease Contents Introduction 3 First things first, what is a commercial lease? 3 What s the difference between a commercial property lease and a residential one? 4 Are there ever

More information