Lessor
This is the owner, landlord.
Management agreement
A property managers employment agreement.
Net lease
A lease in which tenant pays expenses like property taxes, insurance, and so forth.
Percentage lease
A lease in which landlord shares and gross receipts of a tenants business.
Periodic estate
A lease with regular rent payments and no stated ending date.
Property manager
A person who looks after another as rental real estate.
Sublease
An agreement giving tendency to another, original tenant still responsible and liable.
Suit for possession
A landlord’s court action to evict a tenant.
Summary proceeding
This is another term for disposes proceeding.
Tenancy at sufferance
Tenants remain after lease term without landlords consent. Usually the landlord cannot get paid do two tenants hardship/squatters.
Tenancy at will
A tendency that may be terminated when landlord wishes.
Truth in renting
A state requirements that tenants be notified of their rights.
