The Real Estate Encyclopedia
What does the term Use in the contract mean?
Category - Home Ownership Questions - Lease & Renting FAQ's
The word “Use” in a lease agreement describes the purpose for which the property is leased. If the property is leased as a residence, the property may be used only for residential purposes. This clause protects the property owner from having a tenant run a business from the residential property under lease.
Home Ownership Questions - Lease & Renting FAQ's
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