Common Lease Terminology

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

Campus Life Office

G113 Williams Center
State University of New York at Fredonia
Fredonia, NY 14063
(716) 673-3143 phone