The agreement by which one party holds possession of the real property owned by another is a lease. The person who owns the real property is known as the lessor or landlord. The lessee, or tenant, is the one who occupies the property.
The relationship of landlord and tenant is created by contract. An oral lease is valid at common law, but statutes in most States require written leases for certain tenancies. Many States provide that a lease for a term exceeding three years must be in writing. Statutes in other States require written leases when the term exceeds one year.
The following elements are necessary to the establishment of the relationship of landlord and tenant:
" The occupying of the land must be with the consent of the landlord.
" A reversionary interest in the land must remain in the landlord. That is, the landlord must be entitled to retake the possession of the land upon the expiration of the lease.
" The tenant must have present possession in the land. This means a right to be in possession of the land now.
Montgomery County, Maryland offers various leasing or rental options for vacant properties or lots with the lessee having the right to construct improvements. These lease agreements provide individuals or businesses with opportunities to develop and utilize the available land for their specific needs. Whether you are looking to establish a commercial space, residential property, or engage in other construction projects, Montgomery County has different options to suit your requirements. 1. Commercial Property Leases: Montgomery County offers lease agreements for vacant properties or lots zoned for commercial purposes. These leases allow lessees to construct commercial buildings or facilities for various businesses such as retail stores, office spaces, restaurants, or industrial facilities. 2. Residential Property Leases: For individuals or entities looking to develop residential properties, Montgomery County provides lease options for vacant lots. These leases enable lessees to build single-family homes, multi-unit apartments, townhouses, or condominiums, meeting the growing demand for housing in the area. 3. Mixed-Use Property Leases: Montgomery County also offers lease agreements for mixed-use developments, allowing lessees to construct properties that combine both residential and commercial elements. Such developments provide an attractive blend of living spaces, retail establishments, offices, and recreational facilities, creating vibrant communities with diverse amenities. 4. Industrial Property Leases: Companies seeking to establish manufacturing facilities, distribution centers, or warehouses can take advantage of lease options for vacant industrial lots in Montgomery County. These leases allow lessees to construct specialized buildings tailored to their industry needs, facilitating smooth operations and economic growth. 5. Community Development Leases: In line with community development initiatives, Montgomery County offers lease options for vacant lots intended for community-focused projects. This encompasses the construction of public facilities, nonprofit organizations, healthcare centers, educational institutions, or recreational spaces, contributing to the well-being and enrichment of the local population. Regardless of the type of lease or rental agreement chosen, Montgomery County ensures that the development conforms to local zoning regulations, building codes, and environmental standards. Lessees may need to obtain necessary permits and approvals before commencing construction, ensuring compliance with all applicable rules and regulations. By providing an array of lease or rental options for vacant properties or lots, Montgomery County supports economic growth, community development, and meets the diverse needs of its residents, businesses, and organizations.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
