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Real estate terms that begin with L
Letter L
Tenant
The tenant is the person who in a rental contract, rents a property to the landlord, against payment of rent.
The rights and obligations of the tenant derive from the contract and the legal provisions in force, depending on the type of lease (residential, commercial, or professional).
The term "lessee" also refers to the tenant.
The rights and obligations of the tenant derive from the contract and the legal provisions in force, depending on the type of lease (residential, commercial, or professional).
The term "lessee" also refers to the tenant.
Decent housing
The lessor must provide the tenant with decent housing, when it is the tenant's main residence.
Decent housing must not pose a risk to the health and physical safety of the occupants.
Decent housing is defined by a decree of 30 January 2002, which requires, inter alia, that housing be provided with:
- a main room having either a living area at least equal to 9 m2 with a ceiling height of at least 2.20 m, or a habitable volume equal to at least 20 cubic meters.
- an installation allowing normal heating,
- an indoor drinking water supply plant,
- sufficient natural illumination for the main rooms.
The tenant can obtain from the lessor the compliance of the dwelling, and damages, as well as a suspension or reduction of the amount of rents until the execution of the necessary work, if the dwelling does not meet the criteria of decency.
Decent housing must not pose a risk to the health and physical safety of the occupants.
Decent housing is defined by a decree of 30 January 2002, which requires, inter alia, that housing be provided with:
- a main room having either a living area at least equal to 9 m2 with a ceiling height of at least 2.20 m, or a habitable volume equal to at least 20 cubic meters.
- an installation allowing normal heating,
- an indoor drinking water supply plant,
- sufficient natural illumination for the main rooms.
The tenant can obtain from the lessor the compliance of the dwelling, and damages, as well as a suspension or reduction of the amount of rents until the execution of the necessary work, if the dwelling does not meet the criteria of decency.
Carrez Law
The "Carrez law" is a 1996 law that requires the seller of a condominium lot to inform the buyer of the area of the private portions of the lot sold.
This area must be mentioned in the promise (or compromise) of sale, and in the authentic deed.
If the surface is not mentioned, the buyer can obtain the nullity of the sale, if he acts within one month of the signature of the authentic deed.
If there is an error of more than 5% between the actual surface of the lot and the area mentioned in the deed of sale, the buyer has the possibility to request a reduction in the price, in proportion to the actual surface of the lot. He has a period of one year to take legal action, after the signing of the deed of sale at the notary.
This area must be mentioned in the promise (or compromise) of sale, and in the authentic deed.
If the surface is not mentioned, the buyer can obtain the nullity of the sale, if he acts within one month of the signature of the authentic deed.
If there is an error of more than 5% between the actual surface of the lot and the area mentioned in the deed of sale, the buyer has the possibility to request a reduction in the price, in proportion to the actual surface of the lot. He has a period of one year to take legal action, after the signing of the deed of sale at the notary.
Condominium lot
When an immovable is subject to the status of co-ownership, the co-ownership lot consists of a private portion, and a share of the common portions of an immovable.
The property consists of the sum of all the condominium lots.
The property consists of the sum of all the condominium lots.
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