Notice of termination
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  Notice of termination



Notice of termination

   At the end of a lease either the landlord or tenant may give notice that they want to end the rental agreement and vacate the property.

RELATED TERMS
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Lease
A contract whereby the landlord grants the tenant the right to occupy defined space for a set period at a specific price (i.e., rent).

Landlord
One who rents property to a tenant.

Tenant
Any person in possession of real property with the permission of the owner.

Property
The rights of ownership. The right to use, possess, enjoy, and dispose of a thing in every legal way and to exclude everyone else from interfering with these rights.



SIMILAR TERMS
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Notice of cessation
A notice that gives subcontractors 30 days and gives prime contractors 60 days to file liens from the date of cessation of work.

Notice of completion
A document recorded to give constructive notice that a building job has been completed.

Notice of default
A formal written notice to a borrower that a default has occurred and that legal action may be taken.

Notice of deliquency
In junior financing, where the borrower gives the senior lender permission to notify the junior lender in the event of a default.

Notice of nonresponsibility
A legal notice designed to relieve a property owner of responsibility for the cost of improvements ordered by another person (such as a tenant).



PREVIOUS AND NEXT TERMS
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Notice of cessation
A notice that gives subcontractors 30 days and gives prime contractors 60 days to file liens from the date of cessation of work.

Notice of completion
A document recorded to give constructive notice that a building job has been completed.

Notice of default
A formal written notice to a borrower that a default has occurred and that legal action may be taken.

Notice of deliquency
In junior financing, where the borrower gives the senior lender permission to notify the junior lender in the event of a default.

Notice of nonresponsibility
A legal notice designed to relieve a property owner of responsibility for the cost of improvements ordered by another person (such as a tenant).

Notice of termination

Novation
Substituting a new obligation for an old one or substituting new parties to an existing obligation.

Nuisance
That which annoys and disturbs one in possession of his or her property, rendering its ordinary use physically uncomfortable.

Nuncupative will
An oral will declared by the testator in his or her final illness, made before witnesses and then created in legal written form.

This dictionary contains 6433 terms.
      












                    © Real Estate Dictionary 2005 - All rights reserved -

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