real estate unit 15 legal aspects
I. tenancy
Renter’s right to take exclusive possession and use of the owner’s
rental
unit in consideration for rent
F. rental unit
Owner’s house, duplex, condominium, or apartment made available to a
renter
D. periodic rental agreement
Month-to-month rental agreement
E. rental period
Length of time (days, weeks, months) between the rent payments
C. lease
Rental agreement with a predetermined length of time
G. security deposit
Refundable deposit that the landlord requires the tenant to pay at
the
beginning of the tenancy
B. implied warranty of habitability
Requirement of landlords to maintain their rental units in a
condition
that substantially complies with state and local
building, health, and
safety codes
H. sublease
Arrangement in which a lessee rents his or her leasehold interest to
another party
A. assignment
Transfer of the entire leasehold estate to a new person
J. three-day notice
Notice instructing tenant to either leave the rental unit or comply
with the
terms of the rental agreement
K. unlawful detainer action
Lawsuit to remove a tenant and return the rental unit to its owner
L. writ of possession
Legal document issued by the court commanding the tenant to leave the
premises within five days