Virgin Islands Provision Dealing with Concurrent Work By Landlord and Tenant in the Premises

State:
Multi-State
Control #:
US-OL502
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Word; 
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Description

This office lease provision is detailing the conditions under which a landlord or tenant may have concurrent work done on the premises.

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FAQ

Introduction. A sublease is a process of renting out a property to a third party by a tenant for a time period of the lease contract of the existing tenant. Lease contracts are contracts between a tenant and the owner of the property.

A lease between a landlord and a tenant creates both a contractual interest and a property interest, the property interest here is called leasehold.

'By virtue of the Landlord and Tenant (Miscellaneous Provisions) Act 1976 your landlord cannot evict you without a court order and without such an order, it is a criminal offence for your landlord, or anyone else, to try to make you leave by using force or harassment.

A sublease is a legally binding contract made between a tenant and a new tenant (also known as a subtenant or a sublessee). The sublease gives the subtenant the right to share or to take over the rented premises from the original tenant.

Because the original tenant remains in privity of contract with the landlord, the original tenant remains liable for all the covenants in the lease?even after a successful assignment.

A sublease is the re-renting of property by an existing tenant to a new third party for a portion of the tenant's existing lease contract. The sublease agreement may also be called a sublet.

If the lessee transfers his or her entire remaining interest in the tenancy, then the transfer is known as an assignment. If the lessee transfers only part of his or her interest, then the transfer is known as a sublease.

Landlord-tenant relationships are governed by a mixture of property law, contract law, and negligence law. Tom rented an apartment from Margaret on a month-to-month basis, with rent due on the first of the month. This type of tenancy is known as a "tenancy at will."

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Virgin Islands Provision Dealing with Concurrent Work By Landlord and Tenant in the Premises