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.
Wisconsin Lease or Rental of Vacant Property or Lot with Lessee to have the right to Construct Improvements is a legal agreement that allows a lessee or tenant to rent a vacant property or lot for a specific period of time and gives them the right to construct improvements on the property during the lease term. This type of lease provides an opportunity for the lessee to customize and develop the property to suit their specific needs and business requirements. Keywords: Wisconsin, Lease or Rental, Vacant Property or Lot, Lessee, Construct Improvements. Different types of Wisconsin Lease or Rental of Vacant Property or Lot with Lessee to have the right to Construct Improvements include: 1. Commercial Lease with Construction Rights: This type of lease is commonly used for business owners who require a vacant property or lot to construct commercial buildings such as offices, retail spaces, or industrial facilities. The lessee has the right to construct improvements and is responsible for the design, permits, and construction costs. 2. Residential Lease with Construction Rights: This lease is suitable for individuals or families who want to rent a vacant lot to construct their dream home. The lessee can design and build their desired residential property, adhering to local building codes and regulations. 3. Agricultural Lease with Construction Rights: Farmers or agricultural businesses can enter into this lease to rent vacant agricultural land with the right to construct buildings, barns, or other agricultural infrastructure. This allows lessees to customize the property to meet their specific agricultural needs. 4. Recreational Lease with Construction Rights: This type of lease is suitable for individuals or businesses interested in renting a vacant lot or property to develop recreational facilities such as campgrounds, resorts, or sports complexes. The lessee can construct amenities and infrastructure to accommodate their desired recreational activities. 5. Mixed-Use Lease with Construction Rights: This lease is designed for lessees who intend to develop a property for multiple purposes, combining residential, commercial, and recreational elements. The lessee has the right to construct improvements to create a mixed-use space that meets their specific requirements. In all these types of leases, it is essential for both the lessor and lessee to clearly outline the terms, responsibilities, and obligations related to the construction of improvements, including ownership, financing, maintenance, and any necessary permits or licenses. It is advisable to consult with legal professionals familiar with Wisconsin real estate laws to ensure compliance and protection of both parties' interests.
