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tenancy$82193$ - translation to greek

LEGAL TERM

Tenancy deposit; Tenancy bond

tenancy

n. κατοχή, ενοικίαση, μίσθωση

lease agreement

BUSINESS CONTRACT BETWEEN TWO PARTIES, THE LESSOR (OWNER) AND LESSEE (USER), FOR USE OF PROPERTY

Leasing; Tenancy agreement; Tenacy agreements; Leased; Leases; Land Lease; Lessee; Tenancy for years; Sublease; Sub-tenant; Sub-let; Sublet; Sublets; Lease contract; Equipment leasing; Asset finance; Sub-lease; Leasee; Equipment Lease; Affermage; Fermage; Land lease; Ground lease; Sublessor; Lease agreement; Periodic Tenancy; Head lease; Subletting; Sub-letting; Tenancy agreements; Business leasing; Subtenancy; Underlease; Land leasing; Property leasing

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Definition

leasehold

n. the real estate which is the subject of a lease (a written rental agreement for an extended period of time). The term is commonly used to describe improvements on real property when the improvements are built on land owned by one party which is leased for a long term (such as 99 years) to the owner of the building. For example, the Pacific Land Company owns a lot and leases it for 99 years to the Highrise Development Corporation, which builds a 20-story apartment building and sells each apartment to individual owners as condominiums. At the end of the 99 years the building has to be moved (impossible), torn down, sold to Pacific (which need not pay much since the building is old and Highrise has no choice), or a new lease negotiated. Obviously, toward the end of the 99 years the individual condominiums will go down in value, partly from fear of lessened resale potential. This is generally theoretical (except to lending companies because the security does not include the land) since there are few buildings with less than 50 or 60 years to go on the leases or their expected lifetimes, although there are some commercial buildings which are within 20 years of termination of such leases. In most cases the buildings are obsolete by the end of the leasehold. See also: condominium lease

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Wikipedia

Damage deposit

A damage deposit or deposit is a sum of money paid in relation to a rented item to ensure it is returned in good condition. They are particularly common in relation to rented accommodation, where they may also be referred to as a tenancy deposit, bond deposit, or bond.

The owner of the item (the landlord in the case of accommodation) will take a sum of money from the person(s) renting the item (the tenant). If the item is returned in good condition at the conclusion of the tenancy the owner should return the deposit. If the item is returned with damage beyond normal wear and tear, the cost of repairing that damage may be charged against the deposit, and part (or none) of the deposit will be returned.

In some jurisdictions such as the Australian states of Victoria and Queensland and in New Zealand, bond funds are held in trust by a government body and released upon agreement from both parties; failing accord of the two parties, an independent tribunal determines the distribution of the bond. In the United Kingdom deposits for all assured shorthold tenancies must be held in a tenancy deposit scheme, under the terms of the Housing Act 2004.

https://en.wikipedia.org/wiki/Damage deposit