Tenant
In the property market, a tenant is an individual or entity who rents or leases property from a landlord or owner for a specified period under agreed-upon terms. Tenants have the right to use and occupy rental property as long as they comply with the terms of their lease agreement.
What is a Tenant?
A tenant plays a pivotal role in the real estate sector, engaging in a contractual agreement with a landlord to use and occupy residential, commercial, or industrial properties in exchange for rent. The lease or rental agreement outlines the duration of the tenancy, rent amount, payment intervals, and other conditions such as maintenance responsibilities and restrictions on property use. Tenants are obligated to respect the property, avoiding any damage beyond normal wear and tear, and landlords are required to ensure the property remains habitable and safe.
The relationship between tenants and landlords is regulated by various laws and regulations, which vary by jurisdiction but generally aim to protect the rights and interests of both parties. These laws cover aspects such as security deposits, eviction procedures, rent control, and the right to privacy. Understanding the legal rights and responsibilities of being a tenant is crucial for a harmonious and fair tenancy.
Frequently Asked Questions
Tenant is a term that you may have heard before, but you might not be sure what it means. Here are some common questions and answers to help you understand what it means.
