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Simple English definitions for legal terms

leaseback

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A quick definition of leaseback:

A leaseback is when someone sells their property but then rents it back from the buyer. This means that the seller can still use the property even though they no longer own it. It is also called a sale and leaseback.

A more thorough explanation:

Definition: Leaseback is a term used to describe the sale of a property with an agreement that the seller can lease the property from the buyer immediately after the sale.

Example: A company sells its office building to an investor but continues to occupy the building by leasing it back from the new owner. This allows the company to free up capital while still maintaining use of the property.

Explanation: The example illustrates how a leaseback arrangement can benefit a company by providing them with immediate cash flow while still allowing them to continue operating from the same location. The investor benefits by acquiring a property with a reliable tenant already in place.

lease and release | lease contract

General

General chat about the legal profession.

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KnowledgeableRitzyWasp

22:31

yeah there are so many good cuisines in ithaca

renard99

22:31

@lilypadfrog: that’s a pity I’da be liking them all

texaslawhopefully

22:31

Only food I’m going to miss for sure if I leave Texas is texmex

Eggan

22:31

waspy hasnt had thai food in ithaca yet. ithaca thai is so good

KnowledgeableRitzyWasp

22:32

^^^^ truuuuuu

Eggan

22:32

there are two major thai places and they have very similar names bc a divorced husband and wife own them lol

Eggan

22:32

personally i think taste of thai is better than taste of thai express but thats just me

KnowledgeableRitzyWasp

22:32

i had pho tho and it was really good and huge portions

texaslawhopefully

22:32

Glad they have good Thai food, I love Thai food! Can’t wait to visit :)

Eggan

22:33

when tex goes to ithaca i want to come

Dkk

22:34

Crying Tiger, best Thai dish.

KnowledgeableRitzyWasp

22:35

damn im so hungry all i had today was a curry tonkatsu and buldak

KnowledgeableRitzyWasp

22:35

and it was a lil baby noodle cup

KnowledgeableRitzyWasp

22:35

vvv hungry

Eggan

22:36

curry tonkatsu so yummeh

Eggan

22:36

whats even open rn? pizza?

KnowledgeableRitzyWasp

22:36

CTB is it i think

Eggan

22:37

is collegetown pizza not open

Eggan

22:37

i used to get a slice from there or wings over at like 1am after my shift at the restaurant

Dkk

22:48

Ross Ulbricht free. God Bless Trump. Huge win.

JeremyFragrance

22:54

agreed

texaslawhopefully

22:55

This is an interesting read: https://thedispatch.com/article/birthright-citizenship-trump-implications/

Dkk

23:01

I mean, idk how it's possible to end birth right citizenship without amending the constitution because to me the 14th amendment is pretty clear about it.

KnowledgeableRitzyWasp

23:02

ross ulbricht tried to hire a hitman to kill 5 people

KnowledgeableRitzyWasp

23:02

i am not that sympathetic to him

Dkk

23:04

@KnowledgeableRitzyWasp: That might have been an FBI agent. It was most likely him and he was most likely doing it to retrieve stolen funds that corrupt FBI agents stole, but yeah moral gray area but me personally, cool with hitmen. It's not like it is uncommon to hire hitmen. I don't think the action itself is necessarily wrong but the intent behind it can be.

Dkk

23:05

Like, Boeing whistblowers being killed by hitmen = wrong but a guy hiring hitmen to retrieve stolen funds = good to me.

texaslawhopefully

23:05

@Dkk: Yeah, for sure. My guess is it'll go to SCOTUS and it'll be 8-1 or 7-2, saying that EO was unconstitutional.

Dkk

23:06

Indeed. I need a count for how many exectuive orders he has signed and how many already have pending lawsuits.

HeadyInvincibleRabbit

6:39

i've been away for a while what were the most recent waves? any this week?

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