landlord & tenant

landlord

Landlord usually refers the owner of real property, such as a house, building, or land, that is leased or rented to another person or entity, called the tenant.

In a lease contract, the landlord or landlady transfers part of his or her...

landlord and tenant

Landlord and tenant refers to a special relationship between a lessor (landlord) and lessee (tenant). This relationship is more than just a lease, which is under contract law, because it is also under property law. The right to use the property, in...

landlord's lien

A landlord’s lien is a legal right or security interest that a landlord can hold as a creditor, providing the right to seize personal property belonging to a current or former tenant. The lien allows the sale of the property to cover unpaid...

landlord-tenant law

Landlord-tenant law refers to the body of law regulating the rental of commercial and residential property. It controls, among other aspects of a lease:

The length of a lease The reasons a landlord may deny a potential tenant’s...

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...

lease option

A lease option, or a lease with the option to purchase, is a type of contract for real property (such as a house) or personal property (such as a car) that gives the lessee the option to buy the property at the end of the lease period.

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leasehold

Leasehold is a kind of property interest. A lease between a landlord and a tenant creates both a contractual interest and a property interest, the property interest here is called leasehold.

Leasehold is the presumption in the law that the...

lessee

A lessee is a person who takes temporary possession of a lessor’s property interest through a lease. If the property is real estate, the lessee is referred to as a tenant.

[Last updated in April of 2022 by the Wex...

lessor

The lessor is the owner of property who contracts with another, the lessee, to allow them to take temporary possession of their property through a lease. If the property is real estate, the lessor is referred to as a landlord.

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let

A property law term that refers to the act of leasing or renting out real property to another person, which can be done either as a landlord or as a tenant. This term is no longer in common usage in the US and has largely been...

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