TENANCY/TENANT

Mortgage Knowledge Base
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A tenant is a person who rents or leases a property from a landlord. The tenant is responsible for paying rent to the landlord in exchange for the right to use the property for a specified period of time.

Tenants have certain rights and responsibilities under the law, including the right to quiet enjoyment of the property and the responsibility to maintain the property in good condition. Tenants are also typically responsible for paying utilities and for adhering to any other terms and conditions of the rental agreement.

In the context of property, the term “tenant” is often used to refer to individuals who rent residential properties, such as flats or houses. It can also refer to businesses or organisations that rent commercial properties, such as office buildings or retail spaces.

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