Process Serving Terminology
A landlord is a person who is the owner of land or real property such as a house, apartment or condominium and leases or rents the property to another individual(s) commonly referred to as a tenant.
- Landlord Tennant Rules And Regulations
Landlord tenant rules and regulations dictate the legal obligations that a landlord and tenant have to one another during the duration of their contractual agreement. For example, a tenant has the legal obligation to keep his/her living premises clean and sanitary and pay the agreed upon rent within the time frame as indicated in the contract. Further, failure to pay rent or abiding by the rules and regulations set forth in the contract may result in eviction or forfeiture of the security deposit. The law also imposes certain responsibilities on a landlord in that he/she must maintain the premises in a habitable condition among other conditions.
- Limited Liability Corporation (LLC)
A limited liability company or commonly referred to as an “LLC” is a non-partnership or a corporation. It is a business structure that limits the liability of the business owner(s). Further, it is a legal form of a company that provides limited liability to its owners.
- Limited Liability Partnership (LLP)
A limited liability partnership is commonly referred to as an "LLP." An LLP is a general partnership that elects to be treated as an limited liability partnership by registering with the Secretary of State. Attorneys and accountants generally choose the LLP structure as it provides personal liability protection to everyone involved