What does provision mean in a lease?
What does provision mean in a lease?
Most leases and rental agreements include a clause in which the tenant agrees that the premises are in habitable (livable) condition and promises to alert the landlord to any defective or dangerous condition. Tenant’s repair and maintenance responsibilities.
What does additional provisions on a lease agreement mean?
Addendums
Addendums can also be used to add additional provisions or modifications to a lease agreement after the lease has been signed, instead of executing a new agreement. Most lease agreements will state that addendums are allowed, legally binding, and subject to the same provisions within the lease agreement.
What does provisions mean in law?
noun. a clause in a legal instrument, a law, etc., providing for a particular matter; stipulation; proviso. the providing or supplying of something, especially of food or other necessities. arrangement or preparation beforehand, as for the doing of something, the meeting of needs, the supplying of means, etc.
How long is a rental contract?
In practice, 12-month tenancies are the norm, as they strike a good balance between guaranteeing the landlord sufficient rent and giving the tenant enough freedom to leave the tenancy after a reasonable period of time. When we surveyed 600 tenants, the majority said they would expect a 12-month tenancy.
What are the obligations of a landlord under section 9.3?
The obligations of Landlord under this Section 9.3 shall survive the termination of this Lease with respect to any claims or liability arising in connection with any event occurring prior to such termination. Landlord Indemnification.
What are the provisions of landlord indemnification 10.7?
The provisions of this Section 10.7 shall survive the expiration or sooner termination of this Lease. Landlord Indemnification.
What does it mean to protect a landlord?
Intended to protect a landlord by making sure that tenants maintain a certain amount of revenue (retail). Nice work! You just studied 23 terms! Now up your study game with Learn mode.
What kind of lease contains a recapture clause?
What kind of lease contains a recapture clause? Percentage. Intended to protect a landlord by making sure that tenants maintain a certain amount of revenue (retail). Nice work! You just studied 23 terms!