Renting real estate for the purpose of housing tenure (where the lessee rents a residence to live in), parking a vehicle(s), storage, business, agricultural, institutional, or government use, or other reasons. When renting real estate, the person(s) or party who lives in or occupies the real estate is often called a tenant, paying rent to the owner of the property, often called a landlord. The real estate rented may be all or part of almost any real estate, such as an apartment, house, building, business office(s) or suite, land, farm, or merely an inside or outside space to park a vehicle, or store things. The rental agreement for real estate is often called a lease .
Commercial property includes business property (e.g. office buildings), industrial property, medical centers, hotels, malls, retail stores. Commercial property is intended to be operated at a profit, either from capitol gain or rental income.
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Landlord Tenant Law