10:11
i was worried it was gonna catch on things and shit but actually w the way the anatomy works it's totally fine
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
tacit relocation
Read a random definition: Copyright Act of 1909
A quick definition of tacit relocation:
Term: Tacit Relocation
Definition: Tacit relocation is when a lease is automatically renewed for another year if neither the landlord nor the tenant has indicated that they want to terminate the lease at the end of the original term. It's like an unspoken agreement to continue the lease for another year without having to sign a new contract.
A more thorough explanation:
Definition: Tacit relocation refers to the implied or constructive renewal of a lease, usually on a year-to-year basis, when the landlord and tenant have failed to indicate their intention to have the lease terminated at the end of the original term.
Example: If a tenant signs a lease for one year and the lease expires, but neither the landlord nor the tenant takes any action to terminate the lease, the lease may be automatically renewed for another year. This is known as tacit relocation.
Explanation: Tacit relocation occurs when the landlord and tenant do not explicitly state their intentions regarding the renewal or termination of a lease. In the example given, the lease is automatically renewed for another year because neither party took any action to terminate it. This can be beneficial for both parties, as it provides stability and continuity in the landlord-tenant relationship.