A clause in a deed by which some new thing is reserved out of what had been granted before; the clause by which rent is reserved in a lease.
Understanding reddendum
Key takeaways
- A reddendum is a specific clause in legal documents.
- It typically involves reserving rights or payments.
- Commonly found in deeds and leases.
In plain English
A reddendum is a part of a legal document, like a lease or deed, that specifies something that is being kept or reserved from what is being granted. For example, it might outline how much rent the tenant must pay to the landlord or any rights that remain with the seller after a property is sold.
How reddendum affects you
Understanding reddendums is important in real estate transactions and leases because they clarify what rights or payments are retained by the original owner or landlord. This can prevent disputes by clearly stating obligations and expectations between parties. Without a clear reddendum, misunderstandings about payments or rights can lead to legal issues.
The mechanics of reddendum
In practice, a reddendum is included in legal documents such as deeds or leases. When a property is sold or rented, the seller or landlord may include a reddendum to specify any ongoing rights, such as the right to collect rent or access certain areas. This clause is typically drafted by an attorney and must be clearly stated to be enforceable. For instance, a lease may include a reddendum that specifies the monthly rent amount and due date.
Examples
Scenario: Maria rents an apartment and her lease includes a reddendum specifying she must pay $1,200 monthly rent.
Outcome: The reddendum ensures Maria is legally obligated to pay the specified rent each month.
Scenario: James sells his property but includes a reddendum that reserves the right to access the garage for personal use.
Outcome: The reddendum legally allows James to continue using the garage even after the sale.
Frequently asked questions
What is a reddendum in a lease?
A reddendum in a lease outlines specific rights or payments, like rent, that are reserved by the landlord.
Why is a reddendum important?
It clarifies obligations and rights in legal agreements, helping prevent disputes between parties.
How does a reddendum work in property sales?
In property sales, a reddendum reserves certain rights for the seller, like access to parts of the property.