However, California state law mandates that landlord must mitigate damages if tenant wants to get out of the lease, but at the same time, tenant is still liable for the whole
duration of the lease as per the contract.
Not exact matches
This also means that triple net
lease REITs, which are often used by yield - hungry investors in a low interest rate environment
as bond alternatives, can be thought
of as very long - term
duration bond proxies.
The act also includes provisions to help protect servicemembers against eviction, foreclosure, repossession, and civil court proceedings for the
duration of their service,
as well
as allowing you to terminate certain obligations, such
as cellphone contracts or vehicle
leases, if you are called to service.
Your Apartment
Lease, also called an Apartment Rental Agreement, can include information like: the apartment's address and a basic description; the
duration of the
lease; the contact information for the landlord (s), tenant (s), and property manager; details about the monthly payment; security deposits; any pet or guest policies,
as well
as subletting, parking, and storage privileges; who will pay for which utilities; and more.
How much notice will depend on your state and your
lease: most
leases require a the same amount
of notice
as their
duration — a standard month to month rental agreement would typically require you to give 30 - days notice, a week to week would require 7 days notice.
Under most state laws, that includes an» implied warranty
of habitability,» meaning the landlord is not only required to deliver the property to the tenant in a habitable condition, but also maintain the property
as such throughout the
duration of the tenant's
lease.
And,
as Ralston notes, «
Leases in excess
of a decade in
duration bridge real estate and economic cycles.»