Military Clause

AAA

DEFINITION of 'Military Clause'

A clause found in most residential leases that permits military personnel to get out of their rental lease. The military clause allows military personnel that are called up to get back their security deposit if they are called into duty. This eliminates a worrisome headache for armed forces personnel.

INVESTOPEDIA EXPLAINS 'Military Clause'

The military clause is one more benefit available to members of the U.S. military. This clause is usually incorporated into leases of dwelling units around military bases. This clause allows landlords to reduce their vacancies by accommodating military tenants.

RELATED TERMS
  1. IRS Publication 3 - Armed Forces' ...

    A document published by the Internal Revenue Service that outlines ...
  2. Leaseback

    An arrangement where the seller of an asset leases back the same ...
  3. Lessee

    The person who rents land or property from a lessor. The lessee ...
  4. Lessor

    The owner of an asset that is leased under an agreement to the ...
  5. Incontestability Clause

    A clause in most life insurance policies that prevents the provider ...
  6. Graduated Lease

    A type of long-term, typically for commercial property, lease ...
Related Articles
  1. Tips For The Prospective Landlord
    Home & Auto

    Tips For The Prospective Landlord

  2. Preparing Finances For Deployment: A ...
    Personal Finance

    Preparing Finances For Deployment: A ...

  3. Housing Cooperatives: A Unique Type ...
    Home & Auto

    Housing Cooperatives: A Unique Type ...

  4. Sell Your Rental Property For A Profit
    Taxes

    Sell Your Rental Property For A Profit

Hot Definitions
  1. Return On Sales - ROS

    A ratio widely used to evaluate a company's operational efficiency. ROS is also known as a firm's "operating profit margin". ...
  2. Halloween Strategy

    An investment technique in which an investor sells stocks before May 1 and refrains from reinvesting in the stock market ...
  3. Halloween Massacre

    Canada's decision to tax all income trusts domiciled in Canada. In October 2006, Canada's minister of finance, Jim Flaherty, ...
  4. Zombies

    Companies that continue to operate even though they are insolvent or near bankruptcy. Zombies often become casualties to ...
  5. Witching Hour

    The last hour of stock trading between 3pm (when the bond market closes) and 4pm EST. Witching hour is typically controlled ...
  6. October Effect

    The theory that stocks tend to decline during the month of October. The October effect is considered mainly to be a psychological ...
Trading Center