It means that if you don't pay the rent your landlord can execute you!! Just kidding. Execution, in any term, means the carrying out of a legal order. A lease, once it has been created, prepared, and signed by both parties, has been executed once the keys are issued to the tenant.
A Renewal is a Continuation of the Original Lease. So no. its not a execution.
No, not everyone will need a residential lease form. If you rent, you should make sure that you do get a lease form though. It will protect you and your landlord from any problems that may arise.
this is where i found the best info on Is my residential lease in the business zone of my town. here is the website www.beyondtherate.com/pdfs/6_Lease_Agreement.pdf
Absolutely.
The person(s) who live in the house, also own the house. They do NOT rent or lease it from a third party.
If you have a lease agreement with a fixed term (Example: a typical 12 month residential lease agreement) then you cannot get out unless you get the Landlord's permission.
A lease agreement could be for the cases of private leasing including residential purposes. A commerical lease agreement is leasing for use of businesses.
It would be called a Residential Rental Agreement, Residential Lease, Month-to-Month Tenancy Agreement, or something to that effect. The name varies widely.
Running a business from a residential lease can be very tricky, especially if the owner doesn't approve of your business. I would first hire a lawyer to find out what kind of contract you can come up with with your landlord.
In Pennsylvania, a tenant has a rescission period of three days to cancel a residential lease if they entered into the lease agreement as a result of a door-to-door sale or if the lease was signed at a location other than the landlord's primary business location. However, there is generally no automatic rescission period for residential leases signed in other circumstances. Tenants should review their lease agreement and consult local laws for specific details regarding their rights and options.
This matter can be quite tricky,depending on whether the lease was a domestic residential or a commercial lease. They both need to be looked in detail by a lawyer,as the landlord may have hidden clauses engrained therein the lease and which may mean the same thing. It is seldom that landlords would leave out a crucial point in the lease. [Syed Amir]
december 19th 2011