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Meaning / Definition of

30-Day Notice

Categories: Legal,

In a month-to-month tenancy or tenancy at will, the notice from a landlord to a tenant to leave the premises within 30 days; or the notice by a landlord advising of a change in tenancy terms (such as a rent increase) that will take effect in 30 days; or the notice from a tenant to a landlord that the tenant intends to leave in 30 days. The landlord's notice does not need to state a reason for the landlord's action, although it must typically meet specific state (and sometimes rent control) rules as to preparing and serving notice. The landlord's service of the notice and the tenant's failure to vacate at the end of 30 days provides the basis for a lawsuit for an unlawful detainer or eviction lawsuit and a court judgment ordering the tenant to leave.

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Definition / Meaning of

Fall

Categories: Banking,

nouna sudden reduction or loss of value Examplesa fall in the exchange rate • a fall in the price of gold • a fall on the stock exchange • Profits showed a 10 per cent fall.verbto be reduced suddenly to a lower price or value ExamplesShares fell on the market today. • Gold shares fell 10 per cent or fell 45 cents on the stock exchange. • The price of gold fell for the second day running. • The pound fell against the euro.to happen or to take place ExampleThe public holiday falls on a Tuesday.Usagepayments which fall duepayments which are now due to be made"...market analysts described the falls in the second half of last week as a technical correction to the market" [Australian Financial Review]"...for the first time since mortgage rates began falling in March a financial institution has raised charges on homeowner loans" [Globe and Mail (Toronto)]"...interest rates were still falling as late as June, and underlying inflation remains below the government's target of 2.5 per cent" [financial times]

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