Inventory and Condition of Leased Premises for Pre Lease and Post Lease Montana Form
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People also ask
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What is the difference between occupancy and leased?
In multifamily properties, the leased percentage is typically higher than the occupancy percentage. Here's why: Timing Differences: When a lease is signed, the unit is considered leased, but the tenant may not move in immediately.
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What is the premises clause of a lease?
The "Leased Premises" clause typically identifies the specific property or area being leased in an agreement, including its address and any relevant boundaries or features. This clause ensures that both parties have a clear understanding of the property's specifics and outlines any limitations regarding its use.
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Is leasing the same as renting out?
The main difference is the length of tenancy. A rental agreement is usually short term or month-to-month, while a lease is typically for a longer period of time, usually six months or more. Find out more about what it means to rent or lease and the pros and cons of each.
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What is a leasehold premises?
a building, piece of land, etc. that is used for a particular period of time as agreed in a lease. (Definition of leasehold property from the Cambridge Business English Dictionary © Cambridge University Press)
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Does premise mean property?
Premises are land and buildings together considered as a property. This usage arose from property owners finding the word in their title deeds, where it originally correctly meant "the aforementioned; what this document is about", from Latin prae-missus = "placed before".
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What does premises leased mean?
The Premises describes what is being leased. At minimum, this means the land, but can also include buildings and other infrastructure such as greenhouses, wells, and fencing. Leased equipment could be part of the Premises, or could be contained in a separate lease.
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