Residential Tenancy
Residential tenancy refers to the legal relationship between landlords and tenants regarding the rental of a residential property, such as an apartment or house. It involves an agreement, often formalized in a lease or rental contract, where the landlord allows the tenant to live in the property for a specified period in exchange for rent. This relationship is governed by specific laws that protect the rights and responsibilities of both parties, addressing issues like rent payments, property maintenance, security deposits, and eviction processes. Understanding these aspects helps ensure a fair and respectful living arrangement.
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Residential tenancy refers to the legal agreement between a landlord (property owner) and a tenant (renter) regarding the use of a residential property, such as an apartment or house. This agreement, typically outlined in a lease or rental contract, specifies the terms of occupancy, including rent amount, duration, and responsibilities for maintenance and repairs. Tenants gain the right to live in the property, while landlords retain ownership and the right to collect rent. These arrangements are governed by local laws, which protect both parties' rights and outline processes for disputes, evictions, and lease renewals.