What is a leased property?

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Realty Myths Home Forums Public Forum What is a leased property?

This topic contains 3 replies, has 4 voices, and was last updated by  Emma Darby 1 month ago.

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  • #140141

    Ashish Kumar
    Participant

    What is a leased property?

    #140142

    Ravi Kumar
    Participant

    A lease is a contract outlining the terms under which one party agrees to rent property owned by another party.

    #140143

    Rahul Anand
    Participant

    “If a person wishes to rent an apartment or other residential property, for example, the lease prepared by the landlord describes the monthly rent amount, when it is due each month, what happens if the lessee fails to pay his rent, how much of a security deposit is required, the duration of the lease, whether the lessee is allowed to keep pets on the premises, how many occupants can live in the unit and any other essential information. The landlord requires the tenant to sign the lease, thereby agreeing to its terms before occupying the property.

    #142488

    Emma Darby
    Participant

    Leased property is a contract stating the terms and conditions about the rental property which one party has rented from the owner ( the one property belongs).

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