Realtors

Realtors
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Real Estate Leasing and Rentals
A lease or tenancy is the right to use or occupy personal property or real property given by a lessor to another person for a fixed or indefinite period of time, whereby the lessee obtains exclusive possession of the property in return for paying the lessor a fixed or determinable consideration. In law, there are two types of property: * Real property is land or any permanent feature or structure above or below the surface. Ownership of land is an aspect of the system of real property or realty in common law systems. * All other property is considered personal property or personalty in common law systems, and this property is either tangible or intangible, i.e. it is either physical property that can be touched like a computer, or it is an enforceable right like a patent or other form of intellectual property. There are different types of ownership for land but, in common law states, the most common form is the fee simple absolute, where the legal term fee has the old meaning of real property. An owner of the fee simple holds all the rights and privileges to that property and, subject to the laws, can sell or by contract or grant, permit another to have possession and control of the property through a lease or tenancy agreement.