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Real Property for Indiana Paralegals

The Parties

In general, terms for the parties to the contract which you may see in leases include “landlord and tenant,” “lessor and lessee,” “landlord and renter,” and “owner and renter,” or some combination of these. These may be business entities or individuals, and the landlord may be the owner, or may be a property management company that manages the property for the owner. Each party may be a single entity or multiple entities.