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LSDefine

Simple English definitions for legal terms

lease and release

Read a random definition: holdover clause

A quick definition of lease and release:

Lease and release is a way of transferring ownership of a property without physically giving it to someone. The owner and the new owner agree to a lease for a certain amount of time, and when the new owner moves in, the old owner releases all rights to the property. This makes the new owner the full owner of the property. This method was accepted by the courts because it was seen as unnecessary to physically give the property to someone who was already living there.

A more thorough explanation:

Definition: Lease and release is a historical method of transferring ownership of a property without physically handing over the property. It involves the owner and the buyer entering into a lease agreement for a certain period of time. Once the buyer takes possession of the property, the owner releases all interest in the property to the buyer through a written document. This process was considered valid by the courts because the buyer was already occupying the property.

Example: John wants to sell his house to Jane. They enter into a lease agreement for a year, and once the year is up, John releases all interest in the property to Jane. This means that Jane now owns the property outright.

Explanation: In this example, John and Jane use the lease and release method to transfer ownership of the property. They enter into a lease agreement for a year, which means that Jane can occupy the property for that period of time. Once the year is up, John releases all interest in the property to Jane, which means that she now owns the property outright. This method was considered valid by the courts because Jane was already occupying the property.

lease agreement | leaseback

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im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
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