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Tenancy
Tenancy A holding, as of land, by any kind of title, occupancy of land, a house or the like under a lease or on payment of rent or tenure.
RELATED TERMS--------------------------------------
Land
The earth's surface, extending downward to the center of the earth and upward infinitely into space, including things permanently attached by nature, such as trees and water.
Title
1) The rights of ownership and possession of particular property. 2) In real estate usage, title may refer to the instruments or documents by which a right of ownership is established (title documents), or it may refer to the ownership interest one has in the real estate.
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).
Rent
Compensation from tenant to landlord for the use of real estate.
SIMILAR TERMS--------------------------------------
Tenali property
Property in Tenali, India. Apartments, flats, houses, offices and other property in Tenali.
Tenancy agreement
A document detailing the conditions of the tenancy, used as an alternative to a lease.
Tenancy at sufferance
A tenancy which arises when a tenant holds over after expiration of his lease.
Tenancy at will
A license to occupy or use lands and buildings at the will of the landlord.
Tenancy by the entirety
An estate which exists only between husband and wife.
Tenancy for years
A tenancy for a definite period of time.
Tenancy in common
As opposed to joint tenancy, when there are two or more individuals on title to a piece of property, this type of ownership does not pass ownership to the others in the event of death.
Tenancy in severalty
Ownership of a property by one person, rather than held jointly with others.
Tenant
Any person in possession of real property with the permission of the owner.
Tenant (lessee)
One who rents real estate from another and holds an estate by virtue of a lease
Tenant at will
One who holds possession of premises by permission of the owner or landlord.
Tenant emergency procedures manual
A printed manual outlining emergency procedures, including evacuation plans and contact information for emergency personnel.
Tenant improvement (TI)
Work done on the interior of a space, can be paid for by landlord, tenant, or some combination of both, depending on the terms of the lease.
Tenant improvement (TI) allowance
Defines the fixed amount of money contributed by the landlord toward tenant improvements.
Tenant improvements (in a lease)
Specification of improvements tenant must make at tenant's expense.
Tenant mix
A phrase used to describe the quality of a property's income stream.
Tenants at sufferance
An individual who comes to possess land via lawful title and keeps it in perpetuity without any title.
Tenants in common
A form of concurrent ownership of property between two or more persons, in which each has an undivided interest in the whole property. This form is frequently found when the parties acquire title by descent or by will.
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Taxation
1) The process by which a government or municipal quasi-public body raises monies to fund its operation. 2) The impact an investment has on the investor's liability for the payment of federal, state, and local taxes.
Tax-free gifts
Gifts that are free from federal gift taxes.
Taxpayer Relief Act of 1997 (TRA 97)
Enacted by the United State Congress and effective May 7, 1997, TRA '97 provides for broader exemption from capital gains taxes on the profits on the sale of a personal residence.
Tear-down condition
A house that requires the entire interior to be rebuilt.
Teaser rate
Often called the introductory rate, it is the below-market interest rate offered to entice customers to switch credit cards or lenders.
Tenancy
Tenancy agreement
A document detailing the conditions of the tenancy, used as an alternative to a lease.
Tenancy at sufferance
A tenancy which arises when a tenant holds over after expiration of his lease.
Tenancy at will
A license to occupy or use lands and buildings at the will of the landlord.
Tenancy by the entirety
An estate which exists only between husband and wife.
Tenancy for years
A tenancy for a definite period of time.
This dictionary contains 6433 terms. |
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