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Landlord & Tenant Relations: Definitions

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Term
Definition
Lessor   The landlord  
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Lessee   The tenant  
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Estate at Sufferance   Tenant wrongfully holds over after the expiration of his or her lease  
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Estate at Will   No written agreement between parties.  
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Estate for Years   Also called Estate from period to period. Fixed termination date. If less than 1 year oral agreement. If greater than 1 year in agreement is in writing.  
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Periodic Tenancy   Month to month, or weekly to weekly. No termination date  
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Gross Lease   Tenant pays flat rent. Landlord pays taxes, maintenance, and insurance  
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Net Lease   Also called Triple Net Lease Tenant pays rent, taxes, maintenance and insurance (common with long term tenants  
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Graduated Lease   Rent gradually increases each year  
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Percentage Lease   Rent is based on the % of gross sales. Higher the gross sales the smaller the %. The smaller the gross sales the larger the %  
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Sublease   Transfers only part of the term of the lessee to a sub-lessee  
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Writ of Possession   Allows Sheriff to evict tenant  
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Lease with option to buy   Property is rented for a period of time at the end of which the renter is given the option to purchase the property per a set of agreed terms with the landlord.  
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Implied right of habitability   Landlord guarantees the dwelling meets minimum housing and health codes (ex: having hot and cold water)  
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CA legislative bill AB 1399   Landlord must give tenant 1-year notice if tenant is over 62 years of age  
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