Examlex
The ________ is a separate legal entity apart from its owners and may engage in business,make contracts,sue and be sued,and pay taxes.
Rent
The compensation paid to a landlord for the tenant’s right to possession and exclusive use of the premises.
Possession
The act or state of owning, controlling, or having an item or property in one's physical custody.
Exclusive Use
A clause in a lease or agreement granting one party the sole right to use a property, asset, or service in a specified way.
Rent Escalation Clause
In a lease, a clause that permits the landlord to increase the rent in association with increases in costs of living, property taxes, or the tenant’s commercial business.
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