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Landlord agrees not to change terms of the tenancy or interfere in any way or to evict tenant or refuse to renew tenant s lease simply because of tenant s actions. If tenant does not live up to terms of the lease landlord will do the following a Send tenant a written notice demanding the tenant live up to the terms of the lease within ten 10 days. A If landlord does not live up to the terms of this lease or fails to provide any of the services which landlord agrees to provide tenant may have th ...

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Who is lessee and tenant?

A legal term, lessee is used to define a person who uses a building or an area of land on a lease. He is different from a tenant in the sense that a tenant pays rent for the use of a room, building or land to the owner of the property. So, it is the lease that makes all the difference between a tenant and a lessee.

What is difference between tenancy and lease?

Unlike a lease, a tenancy is exempted from registration. In this case, if a third party is buying the land or property, or creating a charge using the property, such a party may not be aware of any earlier tenancy agreement or transaction.

Which is better lease or rent?

Simplified documentation: Rent agreements involve less legal complexity and paperwork compared to lease agreements. Tenant freedom: Rent agreements grant tenants more freedom to make changes to the property compared to lease agreements with stricter rules.

What is the legal definition of a lease?

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.

What is the meaning or lease?

an agreement to pay money in order to use land, a building, a vehicle, or a piece of equipment for a particular period of time: The company signed a lease for the property in December.

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What is a lessee and lessor?

When the asset under lease is a piece of real estate, then the lessee is a tenant and the lessor is the landlord. The lessee is the temporary occupant of the property, and the lessor owns the property in which the lessee is occupying.

What is the meaning of lease and tenant?

A lease is a contract outlining the terms under which one party agrees to rent an assetin this case, propertyowned by another party. It guarantees the lessee, also known as the tenant, use of the property and guarantees the lessor (the property owner or landlord) regular payments for a specified period in exchange.

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