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.
Orange California Lease or Rental of Vacant Property or Lot with Lessee to have the right to Construct Improvements is a legal agreement between a lessor (the owner of the property) and a lessee (the tenant) in the Orange County, California area. This type of lease or rental arrangement allows the lessee to lease a vacant property or lot with the added advantage of having the right to construct improvements on the premises. The term "Orange California Lease or Rental of Vacant Property or Lot with Lessee to have the right to Construct Improvements" encompasses several variations and subtypes, each catering to specific needs and requirements. Some commonly recognized types of leases or rentals in Orange, California, allowing lessees to construct improvements may include: 1. Commercial Lease with Construction Rights: This lease arrangement is specifically tailored for business owners or companies looking to lease vacant commercial properties or lots with the intention of constructing improvements such as offices, warehouses, or retail spaces. 2. Industrial Lease with Construction Rights: This type of lease is targeted towards lessees seeking to lease vacant industrial properties or lots for constructing or expanding manufacturing facilities, distribution centers, or storage spaces. 3. Residential Lease with Construction Rights: This lease agreement offers tenants the opportunity to lease vacant residential properties or lots with the ability to construct improvements like additional rooms, additions, or outbuildings to meet their specific housing needs. 4. Mixed-Use Lease with Construction Rights: This lease type is designed for lessees wanting to lease vacant properties or lots in Orange, California, where they can construct a combination of commercial, residential, and recreational spaces to create unique mixed-use developments. 5. Development Lease with Construction Rights: This type of lease agreement is commonly used in large-scale development projects, allowing lessees to lease vacant properties or lots with the exclusive right to construct and develop entire communities, subdivisions, or complexes. The main goal of an Orange California Lease or Rental of Vacant Property or Lot with Lessee to have the right to Construct Improvements is to provide lessees the flexibility to improve and customize the property according to their specific needs while enjoying the benefits of leasing in the vibrant and growing Orange County area in California.
