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Termination of a Lease

1. Expiration of the lease – When the lease expires, contract ends.

􀂾 租約期限到期, 合約終止.

2. Lack of quiet possession – If the landlord harasses the tenant, the tenant can terminate the lease. The tenant is entitled to quiet possession and
enjoyment of the property.

􀂾 房客擁有安靜享受住宅, 不被干擾的權利. 房東不可過分 干擾房客的生活. 若房東違反此條款, 房客有權終止租約.

3. Repairs for habitability – Landlord must keep the rented house under a living condition where the property will not threaten tenant’s health or safety.

􀂾 房東必須要維持住宅的良好居住情況, 會傷害到房客的健康以及生命危險的情況不可以發生.

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4. Eviction – Court order to remove a tenant because the leasing contract has been breached.

􀂾 逐出 – 當房客違反租約時, 使用法律行徑逐出房客.

5. Three Day Notice To Pay Rent or quit – A letter that informs the tenant that he or she has three business days to pay all past due rent, vacate the premise or face an unlawful detainer.

􀂾 3 天付房租公告 – 法庭文書告知房客有三天的時間去付 房租 (六, 日, 以及休假不算) 或者離開住宅, 不然就要收到法庭的非法佔住訴訟.

6. Unlawful Detainer – A lawsuit filed against tenants by the landlord to receive unpaid rent and acquire possession of the rented properties.

􀂾 非法佔住訴訟 – 法律行徑訴訟房客非法居住.

7. Writ of possession – A court order to remove a tenant within five days period.

􀂾 Writ of possession - 逐出通知送出五天後, 法庭強行逐出房客.

8. Surrender – When the tenant surrender the property back to the landlord with landlord’s consent.

􀂾 自動交出居住權利, 並得到房東的同意.

9. Abandonment – When the tenant just leaves the property before lease expires without landlord’s consent.

􀂾 放棄住宅並沒有通知房東, 也永不再回來.

10. Breach of conditions – When a condition on the lease has not been fulfilled, the lease can be terminated.

􀂾 違反任何當初協議的情況, 可以使租約終止

11. Destruction of the premises – When the property has been destroyed, the lease is terminated.

􀂾 如果住宅被毀壞, 房客有權利搬出.

Other types of lease

1. Sale-Leaseback – When the owner sells the property and rents it back.

􀂾 當地主賣了他的土地然後在租回來, 那最初的地主就變成房客.

2. Lease-Purchase Option –When the tenant leases a property and keeps an option to purchase it in the future.

􀂾 當房客租地時, 保留option 讓以後有權利去買下這塊地.

3. Graduated Lease – Rental rate varies, often based on future appraisals.

􀂾 因為土地的增值, 租金也相同的可以增值.

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4. Gross Lease – When tenant only pays the rent.

􀂾 房客只付租金.

5. Net Lease – When tenant pays the property tax, insurance, and other costs besides the rent.

􀂾 房客除了付房租還要付地稅, 保險..etc (店家)

6. Percentage Lease – Commercial lease where the lease pays a percentage of the monthly gross.

􀂾 房租是每個月的收入百分比

Important clauses

1. Acceleration Clause – When the lender calls a loan (asks for the entire amount to be paid off at once.)
􀂾 當貸方因為某種原因規定你立刻還清貸款.

2. Alienation Clause (Due on sale) – When a lender calls a loan because the titled is sold or transferred to another person.
􀂾 當貸方因為地主將房屋賣掉而要求地主立刻把貸款還清.

3. Assumption – When a buyer accepts the responsibility for a loan, but the seller has secondary responsibility.
􀂾 承擔 – 如果買家承擔了房屋的貸款, 他就承擔了欠款的 責任, 但是賣家仍然保有第二責任.

4. Subject to – When a buyer makes payments for the loan, but does not take the responsibility. The seller remains liable for the loan.

􀂾 現在的賣家仍有擁有所有法律責任, 但是買家付貸款

5. Subordination Clause – When a lien holder agrees a future priority switch with other liens.
􀂾 把目前的貸款放置在第二重要, 讓之後的貸款可以放在 第一重要.

6. Prepayment Penalties- When a borrower pays off the loan before the due date and receives a penalty from the lender.
􀂾 如果你在規定的日期之前先把貸款付清, 你會被罰一個 提前繳納的罰款.

7. Impound Accounts – When the lender reserves money aside from the borrower to pay property tax and fire insurance.
􀂾 貸款人必須要定時付的費用, 地稅, 火險..etc

8. Assignment of Rents – When a borrower defaults and the lender takes possession of the property with the responsibility for expenses and income.

􀂾 當貸款人不準時付款, 貸方, 銀行接收土地的權利, 卻也必須為土地的收入支出負責.

Institutional lenders – Lenders who provide loans that are

conventional and government backed.

􀀹 可貸私人或政府保證貸款

1. Life Insurance Companies – A lender who specializes loans that are for large commercial properties such as shopping centers.
􀂾 大量金錢的貸款, 通常是商業用.

2. Banks – A lender who finance loans for general purposes.
􀂾 銀行 - 借款給任何用處.

a. First Trust Deed Loan – A loans financed for a property.
􀂾 銀行貸款給土地跟建築物.

b. Construction Loans (Interim Loans) – A loan financed for construction of a property, repaid at the end when construction has completed.
 􀂾 銀行貸款給建築施工的錢, 等到建築施工完成, 貸款才歸還.

c. Take-Out Loans – A loan financed to pay off interim loan
􀂾 還清 Interim 貸款用, 長期貸款來還清建築施工完的貸款

d. Home Improvement Loan – A loan financed for repairing or improving of a property.
􀂾 為了維修跟增進建築物借的貸款.