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Cottages To Rent: Rent Control,—During and after World War ., governments resorted cottages to rent rent control as both an :onomic and a sociopolitical device. Subject cottages to rent any variations of the basic technique, rent con-ol typically involves some sort of ceiling on :nts: the substitution of governmental fiat for pply and demand in the market. Since rent is a price, a ceiling on rent tends reduce the profits from owning rental space, pecially when costs are rising.RENT, Law of. At law, rent is a periodic payment for the use of real estate. The term does not have the variety of meanings that it possesses in economics (see RENT). Rent is usually payable in money, but it may also take the form of materials, produce, or labor. The terms and conditions of payment of rent are usually set forth in a written lease contract between landlord and tenant. The law of rent is particularly important when a written lease is technically void or is broken, or when an oral lease exists. The details of the law vary considerably among the various jurisdictions of the United States and Great Britain, but the basic principles are essentially the same.
The payment of rent in accordance with the terms of the lease is the primary responsibility of the tenant, who is legally known as the lessee. The landlord is the lessor. In the absence of any agreement cottages to rent the contrary, rent is payable at the end of the period. However, most leases call for rent cottages to rent be paid in advance. When a specified time is provided in the lease for payment of rent, the rent is due and payable at that time. Failure on the part of the tenant cottages to rent meet this requirement constitutes a breach of the lease contract. If the tenant fails cottages to rent meet this contractual requirement, the landlord may take action cottages to rent evict (that is, forcibly eject) the tenant. In addition, the tenant's rights in the realty as well as any money deposited by the tenant may be forfeited. |
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