what is the role of ownership and tenancies in an agreement? Explain about the methods of fixing rent.
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Joint tenancy also differs from tenancy in common because when one joint tenant dies, the other remaining joint tenants inherit the deceased tenant's interest in the property. However, a joint tenancy does allow owners to sell their interests. If one owner sells, the tenancy is converted to a tenancy in common.
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Ownership and tendencies have a major role in an agreement.
Explanation:
- Ownership and tendencies have a major role in an agreement.
- If the owner breaches one of the foregoing duties then the tenant has the choice of rent adjustment, termination, or damages.
- The tenant has also the choice to terminate the lease and he can end the obligation to pay the rent.
- In order to terminate he/ she has to leave the premises on time.
- The tenant and owner should move ahead with the proper agreement, without an agreement the situation can not be handled.
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