Abandonment involves the voluntary and intentional surrender of property or rights to property without naming a successor as owner or tenant. The property will typically revert to someone with a prior interest or, if no owner is apparent, to the state.
Dilapidations refer to the state of disrepair and degradation of leasehold premises, potentially involving legal obligations for both tenants and landlords related to repairs and maintenance under various acts and common-law duties.
Distraint refers to the legal right of a landlord to seize a tenant's personal property to satisfy payment of overdue rent. It is a remedy available to landlords when tenants fail to fulfill their rental payment obligations.
A clause in a lease agreement that stipulates the amount of operating expenses above which the tenant is required to pay. It protects the lessor by ensuring that any increase in operating expenses is covered by the tenant once a predefined threshold is reached.
