Mortgage or shared ownership? It’s a common question that many people ask themselves when they’re looking to buy their first home. Both options have their ….
Tag: tenants
A tenant is a person or group of people who rent a property, such as a house, apartment, or commercial space, from a landlord or property owner. Tenants may be individuals, families, or businesses who are looking for a temporary or long-term place to live or operate their business.
As a tenant, individuals or groups typically sign a lease agreement, which outlines the terms of the rental agreement, including the amount of rent, the length of the lease, and any other conditions or restrictions that apply. Tenants are responsible for paying rent on time, maintaining the property, and following the rules outlined in the lease agreement.
Tenants may have certain rights and protections under the law, such as the right to a safe and habitable living space, the right to privacy, and the right to pursue legal action if their landlord violates the terms of the lease agreement. In turn, tenants are also responsible for respecting the property and following all applicable laws and regulations.
Overall, being a tenant can be a convenient and affordable way to secure a place to live or operate a business, but it requires a certain level of responsibility and adherence to the terms of the lease agreement.
In many countries, landlords are allowed to claim money from a tenant’s deposit to cover cleaning costs under certain circumstances. For example, if a tenant ….