Almost every small business must deal with legal issues during operations. Most of them are compliance in nature, filing proper documents with authorities etc. Others include negotiating contracts and agreements between the business and other entities. Some legal issues go beyond the knowledge of the owner and require assistance from counsel.
Black’s Law Dictionary defines tenancy as the right to possess or occupy land. It goes further to state: “The possession of real or personal property by right or title, especially under a conveying instrument such as […]