==== ==== Find out how to collect short term profits and build long term wealth with real estate

rental properties. http://www.rentalagentsadvice.com/ ==== ====

A Jamaica property lease can be for a short or long period of time and persons entering a lease should be aware of all that is involved and how it will affect each party. There are four varieties of lease, they are: 1. Tenancy at Sufferance: This will arise where a person who has held land by a lawful title continues in possession after his title has terminated without any statutory right to retain possession and without either the agreement or disagreement of the landlord. 2. Tenancy at Will: This is a tenancy under which the tenant is in possession of the land and which is determinable at the will of either the landlord or the tenant; For example, entry on Jamaica land pending the completion of a contract to purchase; entry on land during negotiation for a lease; lawful tenant holding over after the expiration of the lease with the consent of the landlord, but without creating a new tenancy. Jamaica homes for rent may or may not be reserved. 3. Periodic Tenancies: A tenancy that may be a weekly tenancy or a monthly tenancy, or a tenancy for any other continuing period chosen by the parties. Acceptance of rent by the landlord is evidence that a periodic tenancy has been created. Periodic tenancies continue until determined by a notice to quit, which, subject to statutory rules, should be given so as to expire at the end of any current period of the tenancy and must be of a length equal to the period of tenancy. Thus a weekly tenancy requires a week's notice, but the longest period of notice required by the Common Law is six months, thus yearly and longer period of notice required by the Common Law is six months. 4. Tenancy for years: A tenancy for years is a tenancy for any period, thus commencement and duration of which are certain. A tenancy for years determines at the expiration of the term without the necessity for giving any notice. Covenants are obligations by one or other party to a Jamaica property lease and can be express or implied. Express - clearly expresses and agreed between the parties. Implied - Implied by law in default of express agreement by the parties. Covenants Implied by the Landlord 1. Covenant for quiet enjoyment: Under this covenant, the landlord covenants that he is entitled to

grant some tenancy and that the tenant will enjoy quiet possession without physical interruption by the landlord or any person coming through him. This covenant protects against substantial interference with the ordinary enjoyment of the premises, but it does not protect from the unlawful act of a stranger, for example, a trespasser. 2. Derogation from Grant: A landlord must not derogate from his agent. What this means is that if he lets land, he must not subsequently do anything which is inconsistent with the purpose of the letting. The remedy is an action for an injunction or damages. Covenants Implied by the Tenant 1. To pay rent from the time of entry onto the demised premises. 2. To pay rates and taxes, except however the agreement stipulates otherwise. 3. Obligation not to commit waste - if the tenant does anything to alter the premises, he is said to commit waste. The landlord's remedy is damages or an injunction. 4. Tenant-like user - the tenant must use the premises in a tenant-like and proper manner, that is, he must take proper care of the place, for example, clean windows, clear blocked sink, and so, and must deliver up the premises in the same condition, fair wear and tear excepted. Examples of Expressed Covenants 1. To pay Jamaica real estate rent in the manner agreed. 2. To pay rates and taxes in the manner agreed. 3 To repair 4. Not to alter the premises 5. Not to assign the lease or sublet the subject of the lease. 6 To allow or forbid a particular trade on the premises 7. To pass on notices received. 8. To surrender the subject of the lease at the end of the term. 9. An absolute covenant for quiet enjoyment. 10. A provision for re-entry on non-payment of rent 11. To allow the landlord to view the premises in order to inspect the state of repair. 12. Not to assign or sub-let the premises.

==== ==== Find out how to collect short term profits and build long term wealth with real estate rental properties.

http://www.rentalagentsadvice.com/ ==== ====