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. Graduated Lease

    A type of long-term, typically for commercial property, lease ...
  3. Lease

    A legal document outlining the terms under which one party agrees ...
  4. Leaseback

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

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

    The owner of an asset that is leased under an agreement to the ...
Related Articles
  1. Home & Auto

    Tips For The Prospective Landlord

  2. Personal Finance

    Preparing Finances For Deployment: A ...

  3. Home & Auto

    Housing Cooperatives: A Unique Type ...

  4. Taxes

    Sell Your Rental Property For A Profit

Hot Definitions
  1. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  2. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  3. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  4. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  5. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  6. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
Trading Center