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LSDefine

Simple English definitions for legal terms

lease contract

Read a random definition: lex Pompeia de parricidiis

A quick definition of lease contract:

A lease contract is an agreement between someone who owns property and someone who wants to use it. The person who wants to use the property pays rent to the owner in exchange for the right to use and occupy the property. The lease can be for a fixed period of time or for as long as the parties agree. The agreement is usually written down in a document called a lease agreement. There are different types of leases, such as commercial leases for businesses and residential leases for homes.

A more thorough explanation:

A lease contract is an agreement between a property owner and a tenant. The owner gives the tenant the right to use and occupy the property in exchange for rent. The lease can be for a fixed period or for as long as the tenant wants to stay. The contract can be written or oral.

Examples:

  • John signed a lease contract with his landlord to rent an apartment for one year. He pays rent every month.
  • Susan leased a car from a dealership. She pays a monthly fee to use the car for a set period of time.

These examples illustrate how a lease contract works. John and Susan both agreed to pay rent to use the property or car for a specific period of time. The contract protects both the owner and the tenant by outlining their rights and responsibilities.

leaseback | lease for life

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General

General chat about the legal profession.
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Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
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