What is the tenant?

The tenant is a party in a business transaction that is closed on the use of assets or equipment for a certain period of time. The transaction is governed by the conditions documented in the lease agreement. In return for the privilege of using the equipment or assets for the duration of the lease, the lessee shall agree to pay the owner or landlord regular payments that are in accordance with the terms of the lease.

While this term can be used in any type of rental or rental situation, the tenant's idea is usually associated with long -term rental of real estate such as home or apartment. The Terms of the lease usually provide the tenant and the owner of the assets with special rights, authorization and obligations. As long as both parties honor their obligations, the lessee is usually positive. Equipment has a lessee check for the lessee, it is expected that he / she takes proper care when using the device and at the same time takes adequate measures to protect the equipment from damage. When the device is returned to rentEli, the equipment is often checked. If it is found in good operating condition, the lease conditions are considered to be met and the transaction is completed.

It is not uncommon for no lease agreement to grant the rights to the landlord and tenant. For example, the tenant may be able to retire soon if the employer transfers it to another city. At the same time, the owner of the property may decide to end the lease for non -compliance with the lessee with the terms of the lease. Failure to comply can include factors such as non -payment of rent or inability to honor bans against a pet or violence clause that has to do with excess noise. The lease usually provides protection to both parties, which allows both the lessee and the landlord to terminate a business relationship if one of the parties cannot fulfill their obligation.

before signing any nThe placement of the contract should thoroughly read the provisions of the document. If there are provisions or sections they do not understand, it is important to seek clarification before entering the lease. This will help prevent the possibility of misunderstanding about liability and privileges that both parties have taken over the entire duration of the agreement and will help maintain the business relationship cordial.