Common Contracts
2 similar Lease Agreement contracts
ContractLease Agreement • May 5th, 2020
The distinguishing feature of a leasehold interest is the right to exclusive possession and use of real property, for a fixed period of time, held by the lessee (or “tenant”). The lessor (or “landlord”), having parted with this right to exclusive possession, merely holds the basic title (the “reversion”) during the existence of the lease. Hotel guests, licensees and employees may all be privileged to use a given space under certain contractual conditions, but since none of these has an exclusive right to possession, they are not governed by the laws regulating the relationship of landlord and tenant.
ContractLease Agreement • May 23rd, 2012
The distinguishing feature of a leasehold interest is the right to exclusive possession and use of real property, for a fixed period of time, held by the lessee (or “tenant”). The lessor (or “landlord”), having parted with this right to exclusive possession, merely holds the basic title (the “reversion”) during the existence of the lease. Hotel guests, licensees and employees may all be privileged to use a given space under certain contractual conditions, but since none of these has an exclusive right to possession, they are not governed by the laws regulating the relationship of landlord and tenant.
