Common Lease Terminology - Office of Campus Life

SUNY Fredonia Off-Campus Living Guide

Common Lease Terminology

Arrears
overdue rent
Assign
transfer the unexpired portion of the lease
Cause of action
specific situation that may become cause for lawsuit
Civil
non-criminal matter
Covenant
a promise
Default
to lose by omission to perform a legal obligation
Demised Premises
the place of rent
Enjoyment
possession or occupancy of land
Enure/Inure
to take effect
Eviction
depriving a person of occupancy
Goods and Chattels
personal property
Grace Period
the amount of time past a due date when no legal penalties apply
Indemnify
to free from any responsibility or liability
Lease
a type of legal agreement establishing a tenant-landlord relationship
Lessee
the tenant
Lessor
the landlord
Liability
responsibility
Notice to Vacate
notification from the landlord ordering the tenant to leave the premises
Parties to a Lease
those who agree to the provisions of the lease
Possession
lawful occupancy and use of property and land
Term of Lease
the length of time that a lease shall be in effect
Waiver
agreeing to give up something you are entitled to

Page modified 7/15/14