What does it mean when it says lease pending?
What does it mean when it says lease pending?
Pending Lease means any lease agreement that has been entered into by the Seller and a lessee that has not yet been finally accepted by the Seller and is, therefore, not on a Contract Trial Balance.
What does it mean when your apartment application is pending?
It means that you still haven’t been approved to rent the apartment that you applied for. They must be running a thorough background check and it takes time to get all of the information back so the landlord or property management company can make their decision. It means that no decision has been made yet.
What is included in a lease agreement that is pending?
In a lease agreement that is pending, there is a statement that states: “Tenant will, at its sole expense, keep and maintain the Premises and appurtenances in good and sanitary condition and repair during the term of this agreement and any renewal thereof”.
What do you need to know about a lease agreement?
A rental agreement or lease is a contract made between a landlord (“lessor”) that leases property to a tenant (“lessee”) that pays rent for its use. After both the landlord and tenant sign a lease, it becomes legally binding until its end date. Rental Application – Use to evaluate a tenant before authorizing a lease.
What does rent mean in a lease agreement?
“Rent” shall mean all monetary obligations of Tenant to Landlord under the terms of the Agreement, except security deposit 3.2. Tenant agrees to pay $ [ Monthly Rent] per month for the term of the Agreement. 3.3.
What does it mean to sign a lease with a landlord?
A rental agreement or lease is a contract made between a landlord (“lessor”) that leases their property to a tenant (“lessee”) who pays rent for its use. After both the landlord and tenant sign a lease, it becomes legally binding until its end date.
In a lease agreement that is pending, there is a statement that states: “Tenant will, at its sole expense, keep and maintain the Premises and appurtenances in good and sanitary condition and repair during the term of this agreement and any renewal thereof”.
A rental agreement or lease is a contract made between a landlord (“lessor”) that leases property to a tenant (“lessee”) that pays rent for its use. After both the landlord and tenant sign a lease, it becomes legally binding until its end date. Rental Application – Use to evaluate a tenant before authorizing a lease.
What does an end of lease letter mean?
A lease termination letter, or end of lease letter, is a notice provided to the tenant by the landlord to inform them that the lease will not continue after the set end date. As the end of your lease term approaches, you and your tenant may choose to renew for another term or end the lease agreement.
A rental agreement or lease is a contract made between a landlord (“lessor”) that leases their property to a tenant (“lessee”) who pays rent for its use. After both the landlord and tenant sign a lease, it becomes legally binding until its end date.