1) Money or property that is given to the court clerk to be distributed after a lawsuit is concluded. Typically, the person making payment into court is a defendant who may be found liable to the plaintiff; the payment into court is meant to satisfy...
landlord & tenant
periodic tenancy
A periodic tenancy is a type of lease agreement that continues for successive periods until the tenant gives the landlord notification that they want to end the tenancy. This tenancy can be created expressly, or by implication, such as when a...
permissive waste
In property law, permissive waste is a tenant’s failure or neglect to adequately maintain and care for a property in their care. Examples of permissive waste include the tenant’s omission of property maintenance, neglecting ordinary repairs,...
proprietary lease
A proprietary lease is a lease between a cooperative apartment association and a tenant that carries with it the right to occupy a specific apartment.
[Last updated in July of 2021 by the Wex Definitions Team]
quasi-personalty
Quasi-personalty refers to things that are actually fixed to real property either actually or fictitiously, but regarded as movable (personal property) by law. For example, property such as a fixture or lease for years, although immovable, is...
quiet enjoyment
Quiet enjoyment is the right to inhabit or use certain property without disturbance. This term is most frequently used in property law, where the right to quiet enjoyment protects tenants from intrusions and guarantees certain basic...
quit
Quit means to stop doing something.
To leave or vacate real property. A landlord generally must give their tenant notice to quit the premises. A notice to quit is a written notice sent by a landlord to a tenant stating that the...reasonable wear and tear
Reasonable wear and tear is the damage to property resulting from ordinary use and exposure over time. It is also known as ordinary wear and tear or natural wear and tear. This term is commonly used in landlord-tenant law to limit the tenant’...
record
Record has multiple legal definitions:
1) To file a copy of a real estate instrument which affects a parcel of real property’s title, such as a deed, with the land records office (often called the county recorder, registry of deeds, or...
rent
A usually periodic payment made for the use or occupancy of property.