K – a legal abbreviation for the word
contract. The law has a lot of abbreviations [altho definitely not
as many as the military], like P [or the pi symbol] for plaintiff and
D for defendant. Many a law student's notes will say “P & D w
K” and that is entirely understandable for any law student or
lawyer unless they haven't had their morning coffee.
Key – the symbol identifying which
party has possession of the apartment. When the landlord gives the
key to the tenant, the tenant then has legal possession, whether or
not a rental agreement was actually signed or any rent money was
actually paid. Conversely, the tenant is still in possession until
he tenders the key back to the landlord. Many of the settlement
agreements I write, state that if the tenant delivers possession of
the apartment, in good condition, back to the landlord by X date and
X time, the landlord will forgive some or all of the back rent owed.
Unless the tenant tenders the key on or before the stated date/time,
he still has possession and the back rent is still owed. The moral
of this story is never just move out, always get a receipt that
states you returned the key. One local judge, recently retired [unfortunately, because he was really funny], would tell defendants to hire a busload of nuns to watch the return of the key and get it all on film, so there would be no question that possession had been returned to the landlord.
Kin – blood relative [including
spouse and adopted children], generally used in the context of death,
as in “next of kin.” In CA, if a tenant dies, any lease remains
in effect until the stated ending date. So if the lease ends on
December 31, April rent was paid, and the tenant dies on April 28,
the executor of the tenant's estate [usually next of kin] is still
responsible for paying the monthly rent until December 31. Most of
the time, the executor clears out the tenant's personal property and
delivers possession back to the landlord, and the tenant's estate is
only responsible for the monthly rent until the landlord finds a new
tenant. For a month-to-month rental, the agreement ends 30 days
after the last rent payment. In the example above, the rental would
end on April 30, giving the executor [next of kin] only two days
to clear out the tenant's personal property. Most landlords will
work with the next of kin for a week, maybe two, and deduct the
additional rent from the security deposit. The moral of this story
is, if you like your relatives and don't want them to have a harder
time than they would otherwise have on your death, try to die near
the beginning of the month so they have additional days to clear out
your apartment.
I used to work at a law firm, and boy could I have used your definitions when I first started working there!
ReplyDeleteGood luck with the 2015 A to Z Challenge!
A to Z Co-Host S. L. Hennessy
http://pensuasion.blogspot.com
Thanks for stopping by and I'm glad you enjoyed my definitions!
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