Montgomery Maryland Lease of Unfurnished House with Option to Purchase - Lease or Rent to Own

State:
Multi-State
County:
Montgomery
Control #:
US-01675BG
Format:
Word; 
Rich Text
Instant download

Description

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.

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Montgomery Maryland Lease of Unfurnished House with Option to Purchase - Lease or Rent to Own