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The tenancy agreement for real estate is often called a lease, and usually involves specific property rights in real property, as opposed to chattels. In addition to the basics of a rental (who, what, when, how much), a real estate rental may go into much more detail on these and other issues.
Download as PDF; Printable version; In other projects ... move to sidebar hide. Residential Tenancies Act may refer to legislation in various jurisdictions ...
For other jurisdictions, see Residential Tenancies Act (disambiguation). The Residential Tenancies Act (RTA) is the law that governs rental housing agreements (leases) in the Canadian province of Alberta. The Residential Tenancies Act outlines two possible types of rental agreement: Fixed Term and Periodic.
The landlord-tenant relationship is defined by existence of a leasehold estate. [4] Traditionally, the only obligation of the landlord in the United States was to grant the estate to the tenant, [5] although in England and Wales, it has been clear since 1829 that a Landlord must put a tenant into possession. [6]
This model is also used in the residential space, but mostly for small units in high-demand locations. Here, the company signs a rental agreement with the owner and pays them a fixed rent. As per the agreement, the company is given the right to sublet the property for a higher rent. The company's income is the difference between the two rents.
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