INCOMING TENANT Meaning and
Definition
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An incoming tenant refers to an individual or entity that is assuming the position of being a tenant or lessee for a property. When a rental property becomes available, the landlord or property owner may select an incoming tenant to take over the rental agreement and occupy the space. This term is commonly used in the context of residential or commercial real estate leasing.
The incoming tenant is typically the party that enters into a contractual agreement with the landlord or property management company to rent a specific property for a specified period. This agreement outlines the terms and conditions under which the tenant will be granted access to and usage of the property. The incoming tenant assumes responsibility for paying rent, utilities, and maintaining the property according to the agreed-upon terms.
The process of becoming an incoming tenant involves several steps, including submitting an application, providing proof of income, credit checks, and references. Once the application is approved, the incoming tenant may be required to pay a security deposit and the first month's rent before moving into the property.
Upon becoming the incoming tenant, the individual or entity gains the right to reside or conduct business in the rental space. It is essential for the incoming tenant to adhere to the terms and conditions outlined in the lease agreement to maintain a positive relationship with the landlord and ensure a mutually beneficial rental experience.
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One who succeeds another, as in a bouse or a farm.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Common Misspellings for INCOMING TENANT
- incoming tenanp
- incoming tenanv
- incoming tenanu
- incomingtenaunt
- i ncoming tenant
- in coming tenant
- inc oming tenant
- inco ming tenant
- incom ing tenant
- incomi ng tenant
- incomin g tenant
- incoming t enant
- incoming te nant
- incoming ten ant
- incoming tena nt
- incoming tenan t
Etymology of INCOMING TENANT
The word "incoming tenant" does not have a specific etymology as it is a compound noun formed from the words "incoming" and "tenant". However, we can analyze the etymology of both individual words:
1. Incoming: The word "incoming" originated from the combination of the prefix "in-" (meaning "into" or "toward") and the word "coming" (gerund form of the verb "come"). "Coming" traces back to the Old English word "cuman" which means "to come". Over time, the prefix "in-" has been added to emphasize the direction or movement towards someone or something.
2. Tenant: The term "tenant" has its roots in the Old French word "tenant" (present participle of "tenir"), which means "to hold" or "to possess". It comes from the Latin word "tenēre", which also means "to hold".
