1. TASK: Insert the appropriate word in the text below:
exclusion - fixed - forfeiture - informal - landlord - leasehold interest
negotiated - possession - provisions - ruling - surrender
Leases of land - Rental agreement
The lease will either provide specific _________ regarding the responsibilities and rights of the lessee and lessor, or there will be automatic provisions as a result of local law. In general, by paying the _________ fee to the lessor, the lessee (also called a tenant) has _________ and use (the rental) of the leased property to the _________ of the lessor and all others except with the invitation of the tenant.
The most common form of real property lease is a residential rental agreement between _________ and tenant. As the relationship between the tenant and the landlord is called a tenancy, this term generally is also used for _________ and shorter leases. The right to possession by the tenant is sometimes called a _________. A lease can be for a _________ period of time (called the term of the lease).
A lease may be terminated sooner than its end date by:
- Break/cancellation (this depends upon the terms of the lease)
- A negotiated deed of _________ or yielding-up.
- _________ of the land under the court _________
- By operation of statute (rare).
2. CHECK YOUR SPEAKING
|
exclusion |
[ ɪkˈskluː.ʒən ] |
виключення |
|
fixed |
[ fɪkst ] |
фіксований |
|
Forfeiture |
[ ˈfɔː.fɪ.tʃər ] |
конфіскація |
|
informal |
[ ɪnˈfɔːml ] |
неформальний |
|
landlord |
[ ˈlænd.lɔːd ] |
орендодавець |
|
leasehold interest |
[ˈliːs.həʊld][ˈɪntrəst] |
орендне право |
|
negotiated |
[ nəˈɡəʊ.ʃi.eɪt ] |
вести переговори |
|
possession |
[ pəˈzeʃn ] |
володіння, власність |
|
provisions |
[ prəˈvɪʒ.ən ] |
положення (закона) |
|
ruling |
[ ˈruː.lɪŋ ] |
постанова (суда) |
|
surrender |
[ sərˈen.dər ] |
відмова |
3. SEE CORRECT ANSWER
Leases of land - Rental agreement
The lease will either provide specific provisions regarding the responsibilities and rights of the lessee and lessor, or there will be automatic provisions as a result of local law. In general, by paying the negotiated fee to the lessor, the lessee (also called a tenant) has possession and use (the rental) of the leased property to the exclusion of the lessor and all others except with the invitation of the tenant.
The most common form of real property lease is a residential rental agreement between landlord and tenant. As the relationship between the tenant and the landlord is called a tenancy, this term generally is also used for informal and shorter leases. The right to possession by the tenant is sometimes called a leasehold interest. A lease can be for a fixed period of time (called the term of the lease).
A lease may be terminated sooner than its end date by:
- Break/cancellation (this depends upon the terms of the lease)
- A negotiated deed of surrender or yielding-up.
- Forfeiture of the land under the court ruling
- By operation of statute (rare).
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