Property Management and LeasesLease Agreement • May 23rd, 2014
Contract Type FiledMay 23rd, 2014A lease is both a method of conveyance and a c ontract. A lease conveys a less than- f reehold ( leasehold) estate f rom the owner ( the landlord ) to the tenant . As we discussed in Chapter 3, the holder of a leasehold esta te does not own the property, but rather has a r ight to exclusive possession of the