... rent may be payable in kind or more usually in service, where the property is leased in return for the tenant's services. Sparkes (2008 p552) states that, "although usually payable in money, payment could take any other form - rabbits, bottles of wine, red roses or gold." Directgov (2008), the official government website, state that leases or tenancy agreements can be residential or commercial. A residential lease is used by a tenant to rent a home or space in which to personally reside and falls into three categories - assured shorthold tenancy agreed on or after 28 February 1997; assured tenancy issued before 28 February 1997 but after 15 January 1989; regulated (or 'protected') tenancy issued prior to 15 January 1989. The latter tenancy offers the most protection against rent increases or eviction. ( Private rent and tenancies (2008) ) Rentshield (2008) state that a commercial lease is a legally enforceable ...

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