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15 Cards in this Set
- Front
- Back
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Tenant Improvements |
Improvements made to leased property to meet the needs of the occupying tenant. |
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Further-Improvements Provision |
A commercial lease provision which allows a landlord to retain tenant improvements or require the restoration of the property to it's original condition upon expiration of the lease |
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Mandatory Improvement |
An improvement required to be made by the tenant under the terms of the rental or lease agreement |
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Permissive Improvement |
A nonmandatory improvement the tenant is authorized to complete without further landlord consent |
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Reversion |
The conference of fixtures from a tenant to a landlord on expiration of a lease |
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Mechanic's Lien |
A lien entitling a contractor or subcontractor to foreclose on a job site property to recover the amount due and unpaid for labor and materials they provided |
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Notice of Nonresponsibilty |
A notice used by a landlord to declare that they are not responsible for any claim arising out of the improvements the tenant is constructing on their property |
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Trespasser |
A person who occupies a property without the owner's transfer of the right property |
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Unlawful Detainer |
The unlawful possession of a property |
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Lease Agreement |
The written document which sets the terms of a fixed-term tenancy |
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Rental Agreement |
The written document which sets the terms and conditions of a periodic tenancy |
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Holdover Tenant |
A tenant who retains possession of the rented premises after their right of possession has been terminated, called a tenant-at-sufferance |
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Holdover Rent |
Rent owed by a holdover tenant for the tenant's unlawful detainer of the rented premises as a tenant-at-sufferance |
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Transient Occupancy |
The occupancy of a vacation property, hotel, motel, inn, boarding house, lodging house, tourist home or similar sleeping accommodation for a period of 30 days or less |
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Guest Occupancy Agreement |
The written document which sets the terms of a transient occupancy |
