What is it called when a tenant repays overdue rent to retain their dwelling?

Study for the CAS 45-Hour Real Estate Principles Course Test. Utilize flashcards and multiple choice questions to prepare thoroughly. Each question is paired with hints and explanations. Get ready to excel in your exam!

The scenario described involves a tenant taking action to repay overdue rent in order to maintain their right to continue residing in the rental property. This is specifically referred to as relief from forfeiture.

Relief from forfeiture is a legal remedy that allows a tenant to avoid eviction by paying the overdue rent or fulfilling their obligations under the lease agreement. This concept recognizes that tenants should be given a fair opportunity to retain their tenancy by remedying their default, thus preventing sudden loss of housing. Courts often consider the circumstances surrounding the tenant's failure to pay rent and may grant relief if it is deemed just and equitable.

In contrast, eviction is the legal process landlords use to remove tenants from the property, which occurs after a tenant fails to pay rent or breaks other lease terms. Lease renewal refers to extending the terms of a rental agreement after its initial period ends, while a notice of termination is a formal notification to a tenant that their lease is being terminated, typically due to non-payment or lease violations.

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