Forfeiture
The ending of a lease by a landlord following a qualifying breach, subject to the lease terms and legal protections available to the tenant.
Related terms
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Lease
A legal agreement giving a tenant the right to use property or an asset for a defined period on agreed terms.
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Assignment of lease
The transfer of a tenant’s interest in a lease to another party, usually subject to the lease terms and any required landlord consent.
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Rent deposit
Money held as security for a tenant’s obligations under a lease, commonly available to the landlord if specified defaults occur.
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