Real-Estate Tenant

A Real-Estate Tenant is a legal party in a real-estate lease who holds the right to occupy or use the property under the terms of a lease agreement.

Context:
- It can (typically) have the right to use the property exclusively for the duration of the lease term, subject to the lease conditions.
- It can (often) be responsible for paying rent to the landlord or property owner.
- It can (typically) be obligated to maintain the property's condition, excluding normal wear and tear.
- It can (often) have the option to renew the lease, negotiate new terms, or vacate the property at the end of the lease term.
- It can (typically) be subject to eviction for violating the terms of the lease.
- It can (typically) include individuals, families, businesses, and other organizations as tenants.
- It can (often) require a security deposit as a condition of the lease.
- It can (often) negotiate terms such as the lease duration, rent amount, and usage restrictions with the landlord.
- ...
Example(s):
- An individual leasing an apartment for personal use.
- a Commercial Real-Estate Tenant, such as:
  - A business leasing office space for its operations.
  - A retailer leasing a storefront in a shopping mall.
- ...
Counter-Example(s):
- A Real-Estate Landlord.
- A Property Owner.
- A Hotel Guest.
See: Lease Agreement, Landlord, Property Owner, Eviction.

References