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Rental agreement. A rental agreement is a contract of rental, usually written, between the owner of a property and a renter who desires to have temporary possession of the property; it is distinguished from a lease, which is more typically for a fixed term. [ 1] As a minimum, the agreement identifies the parties, the property, the term of the ...
Leasehold is a form of land tenure or property tenure where one party buys the right to occupy land or a building for a given time. As a lease is a legal estate, leasehold estate can be bought and sold on the open market. A leasehold thus differs from a freehold or fee simple where the ownership of a property is purchased outright and after ...
Right of first refusal ( ROFR or RFR) is a contractual right that gives its holder the option to enter a business transaction with the owner of something, according to specified terms, before the owner is entitled to enter into that transaction with a third party. A first refusal right must have at least three parties: the owner, the third ...
During the waking hours Lisa was very shy and quiet, and seemed like she'd make an OK roommate. However, when the lights went out Lisa suffered from vivid nightmares and Roommate Agreements, and ...
Roommate. A roommate is a person with whom one shares a living facility such as a room or dormitory except when being family or romantically involved. Similar terms include dorm-mate, suite-mate, housemate, or flatmate ("flat": the usual term in British English for an apartment ). Flatmate[ 1] is the term most commonly used in New Zealand, when ...
Property condition assessments ( PCA s) (also known as the property condition report, or PCR) are due diligence projects associated with commercial real estate. Commercial property and building inspections are important for clients seeking to know the condition of a property or real estate they may be purchasing, leasing, financing or simply ...
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