what is the definition of tenants
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tenant ten•ant. 1. a person or group that rents and occupies land, a house, an office, or the like, from another, usu. under the terms of a lease; lessee. 2. an occupant or inhabitant of any place. 3. to hold or occupy as a tenant; dwell in; inhabit. 4. to dwell or live (usu.
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Commercial Real Estate Leasing Definitions We hope you find this glossary of terms helpful. Lease. An agreement whereby the owner of real property (i.e., landlord/lessor) gives the right of possession to another (i.e., tenant/lessee) for a specified period of time (i.e., term) and for a specified consideration (i.e., rent).n agreement whereby the owner of real property (i.e., landlord/lessor) gives the right of possession to another (i.e., tenant/lessee) for a specified period of time (i.e., term) and for a specified consideration (i.e., rent).
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tenant a person or group that rents and occupies land, a house, an office, or the like, from another for a period of time; lessee. 2. Law. a person who holds or possesses for a time lands, tenements, or personalty of another, usually for rent. 3. an occupant or inhabitant of any place. verb (used with object)
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Feudal System Definition: Tenants or, as they were then called, serfs or vassals would lease land from the lord in exchange for loyalty and goods or services, such as military assistance or money; see also Legal Definition of Heriot. In exchange, the vassal would be protected from attack and have exclusive use of a designated parcel of land.
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Roommate (Tenancy) Law and Legal Definition Roommate (Tenancy) Law and Legal Definition Whether a roommate is considered a joint tenant or a subtenant depends upon the terms of the lease or rental agreement. If all the roommates are named in the lease, each one can be responsible for the full amount of the rent due to the landlord.
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- rent (countable and uncountable, plural rents) A payment made by a tenant at intervals in order to occupy a property. 1918, W. B. Maxwell, chapter 17, in The Mirror and the Lamp:
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Renters' insurance Renters' insurance. From Wikipedia, the free encyclopedia. Renters' insurance, often called tenants' insurance, is an insurance policy that provides some of the benefits of homeowners' insurance, but does not include coverage for the dwelling, or structure, with the exception of small alterations that a tenant makes to the structure.
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lease lease. n. 1. A contract granting use or occupation of property during a specified period in exchange for a specified rent or other form of payment. 2. The term or duration of such a contract. tr.v. leased, leas·ing, leas·es. 1. To grant use or occupation of under the terms of a contract. 2. To get or hold by such a contract.
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- A legal document outlining the terms under which one party agrees to rent property from another party. A lease guarantees the lessee (the renter) use of an asset and guarantees the lessor (the property owner) regular payments from the lessee for a specified number of months or years. lease is an agreement between two parties where the lessor owns property that it allows the lessee to use pursuant to terms of the agreement.
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- DEFINITION of 'Lessee'. The person who rents land or property from a lessor. The lessee is also known as the tenant, and must uphold specific obligations as defined in the lease agreement and by law.
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Definition of 'rent' British English: rent / rɛnt / VERB If you rent something, you regularly pay its owner in order to have it and use it yourself. She rents a house with three other women.
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Self-Help Glossary Tenant: A person who rents or leases a rental unit from a landlord. The tenant has the right of use and. possession of the rental unit during the lease or rental period. Unlawful Detainer Lawsuit: A legal procedure the landlord uses to get back possession of rental. property from the tenant.
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lease (liːs) n. 1. (Law) a contract by which property is conveyed to a person for a specified period, usually for rent. 2. (Law) the instrument by which such property is conveyed. 3. (Law) the period of time for which it is conveyed. 4. a prospect of renewed health, happiness, etc: a new lease of life.
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What is a Lease? A lease is a legally enforceable contract which defines the relationship between an owner, the lessor, and a renter, the lessee. A typical lease spells out all of the terms involved in a land or merchandise rental agreement, including the length of time a lessee may use it and what condition it must be in upon return to the lessor.
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occupancy noun, plural occupancies. 1. the act, state, or condition of being or becoming a tenant or of living in or taking up quarters or space in or on something: Continued occupancy of the office depends on a rent reduction. the possession or tenancy of a property: You can have occupancy on June 1st. the act of taking possession, as of a property.
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- (ˈtenənt) noun. a person who pays rent to another for the use of a house, building, land etc. That man is a tenant of the estate; (also adjective) tenant farmers. huurder مُسْتأجِر наемател inquilino nájemce, nájemní der/die Pächter(in); Pacht-...
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- A landlord is the owner of a house, apartment, condominium, land or real estate which is rented or leased to an individual or business, who is called a tenant. When a juristic person is in this position, the term landlord is used. Other terms include lessor and owner. The term landlady may be used for women owners, and lessor applies to both genders.
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- You are a tenant if. 1  You have the exclusive right to live in your premises and exclude all others including the landlord. 2  Your tenancy is for a defined period of time. 3  You are required to pay rent.
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- Definition of rent from the Collins English Dictionary Demonstratives Demonstratives are used to specify the distance of something in space or time in relation to the speaker.
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Landlord A landlord is the owner of a house, apartment, condominium, land or real estate which is rented or leased to an individual or business, who is called a tenant (also a lessee or renter).When a juristic person is in this position, the term landlord is used. Other terms include lessor and owner.eing a good landlord, David Berry (who had owned much of what is now known as Berry-the town was named after him) is well remembered by his tenants. In the United States, homeowner–tenant disputes are primarily governed by state law (not federal law) regarding property and contracts.
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Legal Definition of Tenant at Will Definition of Tenancy-at-Will. A tenancy-at-will is informal because there is no lease agreement between the landlord or the tenant.
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Definition of 'lease' 1. (Law) a contract by which property is conveyed to a person for a specified period, usually for rent. 2. (Law) the instrument by which such property is conveyed. 3. (Law) the period of time for which it is conveyed. 4. a prospect of renewed health, happiness, etc: a new lease of life.
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Should You Buy Real Estate as Tenants in Common? Tenants in common hold one unity or requirement that is similar to joint tenancy. That unity is the right of possession. A common misconception is that tenants are like people who rent. The term tenants is this case is unrelated to rental property. Tenants in common can be between two or more persons who are related or who are unrelated; the relationship between the parties, if any, makes no difference. Husbands and wives can hold title as tenants in common.
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How Much Does a Wedding Cake Cost? 1 If you are expecting at least 300 guests to come over your reception, you can get a 5 tier cake measuring 5, 9, 12, 14 & 18”. 2  This type of cake will cost you around $1,450 to $1,600. 3  According to the Bridal Association of America, the average wedding cake cost can be between $500 to $600 on average.
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- Define tenant farmer. tenant farmer synonyms, tenant farmer pronunciation, tenant farmer translation, English dictionary definition of tenant farmer. n. One who farms land owned by another and pays rent in cash or in kind. n a person who farms land rented from another, the rent usually taking the form of...
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TENANT • TENANT (noun) The noun TENANT has 3 senses: 1. someone who pays rent to use land or a building or a car that is owned by someone else. 2. a holder of buildings or lands by any kind of title (as ownership or lease) 3. any occupant who dwells in a place. Familiarity information: TENANT used as a noun is uncommon.