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The Residential Tenancies Act 1986 sets out the rights and responsibilities of residential landlords and tenants, including the requirement to have a written tenancy agreement and the need to lodge tenancy bonds (if one is required) with the Ministry of Business, Innovation and Employment.
A financial cliff may await Florida condo owners at the end of the year, as new regulations may cause association maintenance fees to skyrocket. Condo owners can take matters into their own hands ...
Landlord–tenant law governs the rights and responsibilities of leasehold estates, like in an apartment complex. Landlord–tenant law is the field of law that deals with the rights and duties of landlords and tenants. In common law legal systems such as Irish law, landlord–tenant law includes elements of the common law of real property and ...
Some agencies may even require a bond payable if the car is not returned in order, often held in the form of a credit-card authorization—voided if the car is returned per agreement. Renters should be advised about their responsibility for any parking or traffic violations incurred upon the vehicle during the rental period.
Both landlords and tenants have rights and responsibilities toward one another, their neighbors and their homes. Landlords' and tenants' rights are protected under state and local laws, which establish requirements about security deposits, heating, property maintenance, entry, and eviction. [9]
In general, by paying the negotiated fee to the lessor, the lessee (also called a tenant) has possession and use (the rental) of the leased property to the exclusion of the lessor and all others except with the invitation of the tenant. The most common form of real property lease is a residential rental agreement between landlord and tenant. [7]
Also, the rental tenants living in the building at the time of the conversion were usually given an option to buy at a discount. If the tenants were rent-controlled, the law usually protects them by allowing them to stay as renters and the unit may not be occupied by a purchaser until said tenant dies or moves out.
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