Landlord & Tenant
When a lease comes into existence the parties who created it are referred to as the landlord and the tenant.
The landlord is the owner of the freehold title to the property out of which the lease is granted and the one who is entitled to receive rent from the land.
The tenant is the occupier of the land under the terms of the lease and is the party who pays rent to the landlord in return for using the premises.
The lease between them contains the agreed provisions regarding rent, length of the lease, accurate definitions of the property boundaries and other provisions expressly agreed between by parties, for example those relating to repair, decoration, alterations, insurance, use of the premises and the transferring or granting of any further interest.
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