Military Clause
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 Definitions
Articles Of Interest
-
Tips For The Prospective Landlord
Investing in rental property can generate serious income, but there's more to it than collecting rent. -
Preparing Finances For Deployment: A Guide For Service Members
Those who follow the instruction in this article can look forward to a homecoming of financial prosperity. -
Housing Cooperatives: A Unique Type Of Home Ownership
Co-ops are often less expensive than apartments and provide some unique benefits and drawbacks for owners. -
Sell Your Rental Property For A Profit
Being a landlord can be taxing, especially when you want to sell. Find out how to reduce your burden. -
Easy Ways To Cut Rental Costs
If rent payments are crippling your finances, then read on to learn how to save your money. -
Simple Ways To Invest In Real Estate
Owning property isn't always easy, but there are plenty of perks. Find out how to buy in. -
Vacation Home Or Income-Producing Investment?
There is an alternative to letting your cottage sit empty all year, but turning a profit won't be easy. -
Can't Sell Your Home? Rent It
Find out how to profit from your property when the housing market dips. -
The Complete Guide To Becoming A Landlord
Being a landlord can be a fulfilling and financially rewarding experience. However, the decision to become a landlord should not be taken lightly. -
Reasons Renting Is Better Than Buying
Owning a home is much more expensive than renting. Here are the places where the costs differ greatly.
Free Annual Reports