A tenancy may commence from a stipulated date stated in the rent agreement and may start with the landlord giving the keys to the tenant and the tenant moving into the rental property and premises with his or her possessions.
The concept of the apartment owners’ association was created which is also under regulation by reason of statutory enactments on the State level. An apartment owners’ association is a concept that is dependent on the concept of condominiums.
A home loan by its very nature is a long-term liability. It is up to the borrower to determine if it is more expensive or cheaper than the alternative sources of funds that can be availed to purchase a house.