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| Apartment Leasing Terms |
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The Apartment Selector Way Lease Terms: ARREARS: Overdue rent ASSIGN: Transfer the unexpired portion of an apartment lease to a new tenant. Read your lease, usually not allowed. COVENANT: Promise. Independent covenant: You must perform your obligation even if the other party does not. DEFAULT: To forfeit or lose by omission; to fail to perform a legal obligation. DEMISED PREMISES: The apartment being rented. DISPOSSESS: Remove a person from land; the legal action brought for nonpayment of rent. EJECTMENT: Physical or legal eviction from land ENJOYMENT: Possession or occupation of land. Quiet enjoyment: freedom from invasion of privacy by the rental property owner EVICTION: Depriving a person of possession of occupancy. Constructive eviction: not actually removing a tenant but making it impossible for him or her to remain because of the conditions, such as serious deterioration GOODS AND CHATTELS: Personal property INDEMNIFY AND HOLD HARMLESS: To free from any responsibility or liability. Many landlords are requiring renters to maintain insurance on the premises and belongings LEASE: A type of legal agreement establishing a property owner-tenant relationship LESSEE: Tenant LESSOR: Rental property owner or management company LIABILITY: Responsibility, loss; a negative element NOTICE TO QUIT: Notification from the apartment complex owner to tenant ordering tenant off the rental property. Read your lease to determine the time limits. NOTICE TO VACATE: Notification from the tenant to the apartment complex owner stating the tenant's intention to leave the rental property. Read your lease to know your time limits. PARTIES TO A LEASE: Those who agree to abide by the provisions of a lease; typically you as a tenant, any roommates, and the apartment complex owner. POSSESSION: Lawful occupation and use of the land, subject to protections of "quiet enjoyment." REPLEVIN: Legal action to recover property that was unlawfully seized. SUBLET: Agreeing to permit someone to use a rental property for a term less that the full term of the apartment lease, and to be paid for that permission. Read your lease. SUMMARY PROCEEDING (to recover possession): Eviction. It is called "summary proceeding" because it is a swift and simple procedure for the apartment complex owner. TERM OF LEASE: The length of time that a lease shall be in effect; duration of obligation WAIVER: Relinquishment of a right, agreeing to give up something to which you are entitled WARRANTY OF HABITABILITY: Promise that the rental property is safe and usable for residential use. Usually defeind by state law. |
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