For rent, also called renting or leasing, is a commercial lease where a certain payment is paid for the right to use a specific property, service or good. A typical rent payment is usually for a flat monthly fee and the landlord makes certain property expenses regularly incurred by the renter. Rent payments are typically for a year or more, although some tenants choose to renew their agreements for short-term stays. Landlords may require potential renters to pay a bond to assure that the renter will pay the rental on the agreed term. In this way, landlords protect themselves if tenants default on their lease agreement.
When looking to rent a commercial building, it is important to understand your rights under the rental agreement. In most cases, landlords and prospective renters must enter into a written rental agreement. This agreement should include a detailed description of the building and its contents, the terms of rent, and responsibilities of both parties, including consequences for failure to meet obligations.
The terms “for rent” and “enter rent” are commonly used in residential rental contracts. The word “for” usually indicates that the property is owned by someone, while the word “enter” indicates the action of gaining access to the property. In residential contracts, both parties to the contract usually have the right of first refusal. The tenant may initially choose a specific rent amount, but the landlord may also choose to enter into an offer to rent the property. The latter is known as an entry-into-parole.
Lease terms can include a number of different verbs. The most common verbs that appear in leases are “own,” “to own,” “to occupy,” “to lease,” “to leasehold,” “to leasehold over,” and “to leasehold over for.” A lease may also contain a prohibition against subtenancy (one party is legally prohibited from signing a subtenancy to another party). In the United States, the federal government often uses the term “power of sale” to describe a grantor’s right to sell a house under a lease.
Another type of rent is referred to as personal property. Personal property can include furniture, jewelry, appliances, cars, homes, and computer equipment. The word “personal” can also be used to refer to a right-of-way to use highway property. Personal property can be alienated by a borrower by lending it, receiving it in exchange for some other item, or selling it to a third party. Personal property can also be alienated through adverse possession.
One type of lease recognized by the federal government is called an “enterprise” and is recognized as a separate entity from the person leasing the real property. An enterprise exists when a borrower owns a part of a property (the tenant) and is able to use, and benefit from, that part of the property for rent. Under the terms of the lease, the tenant is considered the property owner. When a tenant enters into a lease agreement, the landlord has a lien on the property. Usually, if the tenant is not able to pay rent, the landlord can use any of the available remedies to recover rent.
One common way to describe rents is “the money paid or delivered for use.” This terminology is frequently used in contracts. Rent is a money payment made directly by the landlord to the tenant. It is also frequently used to refer to a quantity of articles rented by the landlord. In a legal agreement for rent, the following terms are often used: the lessee, the lesion, the tenant, the premises, the date of the rental, the obligation of the landlord, and rental penalties.
In colloquial usage, “the money paid or delivered for use” means the same thing as “rent,” but is usually less formalized. “The money paid or delivered for use” is a past participle form of “to rent.” “The money paid or delivered for use” has two different verb tenses: present and future. “To rent” has the present tense. “To rent” has the future tense.