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Question | Answer |
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Lease | Agreement in which one party receives temporary possession of another's real property in exchange for rent |
Rent | Consideration given by a tenant in return for temporary possession of a property |
Landlord | one who, through a lease, transfers to another exclusive possession and control of real property |
Tenant | one who, through a lease, is given possession of the owner |
Leasehold estate | tenants' ownership interest in real estate |
Eviction | legal action taken to remove a tenant from possession of all the landlord's real property |
Subletting | tenant transfers to a third party all the property for a period less than the remaining time of the lease or part of the property for part or all of the remaining term of the lease |