The relationship of landlord/tenant or lessor/lessee is created by contract. 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.
Tenancies are classified by duration as tenancies for years, from year to year, month to month, and at will. A tenancy for years is one under which the tenant has an estate of definite duration. The term "for years" is used to describe such a tenancy even though the duration of the tenancy is for only one year or for less than a year. A tenancy from year to year or month to month is one under which a tenant, holding an estate in land for an indefinite duration, pays an annual, monthly, or weekly rent.
South Dakota Lease of Unfurnished House: A South Dakota Lease of Unfurnished House is a legally binding agreement between a landlord and a tenant for the rental of a residential property in South Dakota. This lease outlines the terms and conditions that both parties must abide by throughout the tenancy period. Keywords: South Dakota, Lease, Unfurnished House, landlord, tenant, rental, residential property, terms, conditions, tenancy period. Different types of South Dakota Lease of Unfurnished House: 1. Fixed-term Lease: This type of lease has a specific start and end date, typically ranging from six months to a year. Both the landlord and tenant agree to lease the unfurnished house for a fixed period, and the terms and conditions remain the same throughout this period. 2. Month-to-Month Lease: Also known as a periodic lease, this type of lease renews automatically on a monthly basis until either the landlord or tenant provides a notice of termination. This lease offers more flexibility as it allows both parties to terminate the agreement with sufficient notice. 3. Commercial Lease: While this description primarily focuses on residential leases, it is worth mentioning that South Dakota offers different types of leases for commercial properties. Commercial leases are specifically designed for businesses looking to rent unfurnished houses for commercial purposes. 4. Lease with Option to Purchase: This type of lease offers the tenant an opportunity to buy the unfurnished house at a predetermined price within a specified timeframe. This arrangement allows the tenant to initially lease the house and later decide whether to exercise their option to purchase it. 5. Sublease Agreement: In certain situations, a tenant may choose to sublease their unfurnished house to another party. A sublease agreement allows the original tenant (sublessor) to lease the property to a subtenant. However, it is important to note that subleasing requires the landlord's consent and is subject to the terms and conditions outlined in the original lease agreement. These are some different types of South Dakota Lease of Unfurnished House, each catering to various needs and circumstances of both landlords and tenants.South Dakota Lease of Unfurnished House: A South Dakota Lease of Unfurnished House is a legally binding agreement between a landlord and a tenant for the rental of a residential property in South Dakota. This lease outlines the terms and conditions that both parties must abide by throughout the tenancy period. Keywords: South Dakota, Lease, Unfurnished House, landlord, tenant, rental, residential property, terms, conditions, tenancy period. Different types of South Dakota Lease of Unfurnished House: 1. Fixed-term Lease: This type of lease has a specific start and end date, typically ranging from six months to a year. Both the landlord and tenant agree to lease the unfurnished house for a fixed period, and the terms and conditions remain the same throughout this period. 2. Month-to-Month Lease: Also known as a periodic lease, this type of lease renews automatically on a monthly basis until either the landlord or tenant provides a notice of termination. This lease offers more flexibility as it allows both parties to terminate the agreement with sufficient notice. 3. Commercial Lease: While this description primarily focuses on residential leases, it is worth mentioning that South Dakota offers different types of leases for commercial properties. Commercial leases are specifically designed for businesses looking to rent unfurnished houses for commercial purposes. 4. Lease with Option to Purchase: This type of lease offers the tenant an opportunity to buy the unfurnished house at a predetermined price within a specified timeframe. This arrangement allows the tenant to initially lease the house and later decide whether to exercise their option to purchase it. 5. Sublease Agreement: In certain situations, a tenant may choose to sublease their unfurnished house to another party. A sublease agreement allows the original tenant (sublessor) to lease the property to a subtenant. However, it is important to note that subleasing requires the landlord's consent and is subject to the terms and conditions outlined in the original lease agreement. These are some different types of South Dakota Lease of Unfurnished House, each catering to various needs and circumstances of both landlords and tenants.
