LEASED PROPERTY - Property that is owned by a lessor or landlord and rented to a lessee or tenant who receives rights of use and possession in accordance with the terms of a lease agreement.
Often used to describe a situation where a tenant, by staying on location after the sale of the leased property, accepts to be a tenant of the new landlord; ...
Partial eviction - when the landlord keeps the tenant off part of the leased property (even locking a single room). Tenant can stay on the remaining property without paying any rent.
A three day notice is given by the landlord to the tenanat in cases where the tenant has not paid the rent,damaged or destroyed the rental or leased property,violated the rental or leased agreement or the tenant's other improper conduct.
The lessee is considered to hold the leased property on and subject to the terms of the lease during the term of the lease.
Lessee: A person or entity who receives the use and possession of leased property (e.g., real estate or equipment) from a lessor in exchange for a payment of funds. The person to whom a lease is made.
c : the legal right to enter upon real property of another for a special purpose (as to show leased property to a prospective purchaser or to make repairs) without being guilty of trespass ...
In the context of a lease, the transfer by a lessee to another person of all of the lessee's interest in the leased property; an assignment differs from a sublease in that a sublease does not transfer all of the lessee's rights in the property.
See also: Property, Lease, Law, Tenant, Landlord
 
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