Common Lease Terms
Common Lease Terms:
Arrears - Overdue rent
Assign - Transfer the unexpired portion of a lease
Cause of Action - Specific situation that may become the basis for a lawsuit
Civil - A non-criminal legal matter; housing disputes are often settled in civil court
Covenant - A promise
Default - To forfeit or lose by omission to perform legal obligation
Demised Premises - The place being rented
Destraint (proceed by distress) - THe landlord takes your personal property to force you to pay or eventually sells it to get the money.
Enjoyment - Possession or occupancy of land
Eviction - Depriving a person of occupancy; constructive occupancy does not actually remove the tenant, but makes it impossible for the tenant to remain because of conditions, i.e. serious deterioration
Goods and Chattels - Personal property
Grace Period - The amount of time past any due date for rent during which no legal action will occur or penalties apply. Some rental agreements have no grace period.
Holdover - Retaining possession of rented real estate after the lease term expires or the landlord demands possession because of an alleged breach of the terms in the lease by the tenant
Indemnify and Hold Harmless - To free from any responsibility or liability
Inure - To take effect
Lease - A type of legal agreement establishing a landlord-tenant relationship
Lessee - The tenant
Lessor - The landlord
Liability - Responsibility, loss, a negative element
Notice to Vacate - Notification for the landlord to the tenant ordering the tenant of the property to move out
Parties to a Lease - Those who agree to abide by the provisions of a lease; usually, you as the tenant, any housemates as co-tenants, and the landlord
Possession - Lawful occupation and use of land and property
Sublet - Agreeing to permit someone else to use rented property for a period less than the lessee's term. The lessee will be paid by the subletor
Summary Proceeding - To recover possession; i.e. eviction
Term of Lease - The length of time that al ease shall be in effect
Twenty-Day Notice - On a month-to-month tenancy, this is the notice that either party must give the other to terminate the tenancy; the twenty days must include a full rental period. In other words, if you give notice on the first of the month, you can still be liable for rent through the end of the month,depending on the terms of your specific month to month rental agreement.
Waiver - Relinquishment of a right, agreeing to give up something that you are entitled to.
Our Source: E.J. Goodman. The Tenant Survival Book. New York: New American Library, 1974. Consider contacting your local bookstore to purchase a copy of this book or one similar! Second source:the Washington State Landlord Tenant Law.