Understanding Real Property Lease Laws and Regulations

Understanding Real Property Lease Laws and Regulations

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Business, Social Studies

University

Hard

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The video tutorial explains the legal framework surrounding the lease of real property, primarily governed by state law. It covers the statute of frauds, which mandates that certain contracts, including property leases over 12 months, must be in writing. The tutorial details major lease provisions, such as the term, security deposit, and rights of the lessor and lessee. It also discusses the duties of both parties, potential breaches, and the eviction process, emphasizing the need for judicial proceedings in most jurisdictions.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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