Examlex
There is no connection between impairment and the useful life of the asset.
Assignment
(1) A contracting party’s (an assignor’s) transfer of his or her rights to the contract to a third party (an assignee). (2) A transfer of a tenant’s entire interest in a leased property.
Covenant of Quiet Enjoyment
A lease promise that the tenant will have peaceful and undisturbed use of the property, without interference from the landlord or others with superior title.
Constructive Eviction
An action by a landlord that significantly interferes with or diminishes the use of a property by a tenant, which leads to the tenant being effectively forced to leave.
Essential Services
Essential Services are basic services that are deemed necessary for the wellbeing of the community, such as water, electricity, and medical care.
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