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LSDefine

Simple English definitions for legal terms

perpetually renewable lease

Read a random definition: delayed appeal

A quick definition of perpetually renewable lease:

A lease is a contract where someone who owns property lets someone else use it in exchange for money. The lease can be for a certain amount of time or for as long as the person wants to keep using the property. There are different types of leases, like ones for businesses or ones for mining. When someone leases property, they have to follow certain rules and pay rent on time.

A more thorough explanation:

A perpetually renewable lease is a type of lease agreement where the tenant has the right to renew the lease for another period as often as it expires, usually by making a payment upon exercising the right. This type of lease is no longer common and was abolished in England in 1922. The maximum term for a lease was set at 2,000 years.

Example: John has a perpetually renewable lease for a piece of land. He has the right to renew the lease for another period as often as it expires by making a payment. This means that John can continue to use the land for as long as he wants, as long as he keeps renewing the lease.

The example illustrates how a perpetually renewable lease works. The tenant has the right to renew the lease for another period as often as it expires, which means that the tenant can continue to use the property for an indefinite period.

perpetual lease | perpetual policy

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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
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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