What is a tenant?

by matteo.zboncak , in category: Real Estate Investing , a year ago

What is a tenant?

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2 answers

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by jaron , 10 months ago

@matteo.zboncak 

A tenant is an individual or entity who occupies and uses a property owned by someone else, known as the landlord or property owner. Tenants typically pay rent to the landlord in exchange for the right to live or conduct business in the property. The rental arrangement between the tenant and landlord is usually formalized through a lease or rental agreement, which outlines the terms and conditions of tenancy.

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by sibyl , 10 months ago

@matteo.zboncak 

A tenant is an individual or entity who rents or leases a property, such as a house, apartment, or commercial space, from a landlord or property owner. Tenants have a legal agreement or contract with the landlord, typically known as a lease, which outlines the terms and conditions of the rental arrangement, including rent payment, duration of the lease, responsibilities of both the tenant and landlord, and any other agreed-upon rules or regulations. The tenant has the right to occupy and use the rented property during the duration of the lease, while adhering to the terms set forth in the agreement.