When does an owner of real estate have the right to receive income from tenants?

An owner of real estate has the right to receive income from tenants when a lease agreement is signed. This lease agreement serves as a legally binding contract between the property owner (the landlord) and the tenant, outlining the terms of the tenancy, including rental payment amounts, duration of the lease, and any specific conditions related to the occupancy of the property. Once this agreement is executed, the tenant agrees to pay rent in exchange for the right to occupy and use the property, which, in turn, allows the owner to generate income.

The other options do not establish the owner's right to receive income directly. For instance, occupancy permits are related to the legality of a building being occupied but do not pertain directly to the financial arrangement between the owner and tenant. Full payment of the property relates to ownership status but is not a prerequisite for income from rental activities. Legal establishment of ownership confirms that the owner has the title or deed to the property, but income generation is contingent on a signed lease agreement with tenants. Thus, it is the signing of a lease that directly activates the owner's right to receive rental income.