Real Estate

A tenant’s right to possess real estate for a definite period with a specific starting and ending date is

Allows for periodic increases in rent over the term of the lease

May give the tenant the right to renew the lease, the right to purchase the leased property, or the right of refusal if the landlord decides to sell the property

The financing instrument, the mortgagee agrees not to terminate the tenancy of the lessee as long as the lessee is current on their rent even if the parcel is foreclosed upon

Contract between lessor and lessee (landlord and tenant)

A tenancy in which the tenant continues in possession after the lease has expired, without the landlord’s permission

A tenant enters into a commercial lease that requires a monthly rent of a minimum fixed amount, plus an additional amount determined by the tenant’s gross receipts exceeding $5,000

The lessee transfers the entire leasehold interest to another party with the lessor’s permission

A tenant moves a pet into an apartment community that has a no-pet policy. The landlord wishes to remove the tenant due to the breach. The legal process to remove the tenant is

Gives the tenant the right to possess the property with the landlord’s consent for an indefinite period of time

A tenant still have five months remaining on a one-year apartment lease. When the tenant moves to another city, the tenant transfers possession of the apartment to a friend for the entire remaining term of lease. The friend pays rent directly to the tenant. The tenant has become

A tenant signs a lease that includes a schedule of rent increases on specific dates over the course of the lease term.

When a tenant wants to purchase the property but is not yet able to do so

May be created when a tenant with an estate for years stays on after the lease term expires and the landlord accept rent payment