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Simple English definitions for legal terms

perpetually renewable lease

Read a random definition: per se rule

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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Dkk
13:29
I'm at your mommas house rn: https://x.com/Mansavelli_/status/1648073454665572352
triplethread
13:29
im addicted to reacting to all of the decisions
triplethread
13:29
with the emojis
HopefullyInLawSchool
13:29
I shop at Joe
HopefullyInLawSchool
13:29
Joe's
glovediedthisishismom
13:30
i shop at tawget
glovediedthisishismom
13:30
im dawk gawthic maga
triplethread
13:30
i shop at giant eagle
ForDizzyDJoy
13:31
How did i miss Fordham and American’s wave and I applied in september 🙃
13:33
Lol UC Davis took me of ED and put me in RD
13:34
surprised I didnt get straight denied
HopefullyInLawSchool
13:34
they emailed you/
HopefullyInLawSchool
13:34
?
13:35
@HopefullyInLawSchool: Yea, I just got it
i just want a cornell ii :(
13:37
yak you will be fucking shit up at cornell this time next year dw
i love u
13:38
love you too bby
glovediedthisishismom
13:42
what if desantis appoints lara trump and matt gaetz to be floridas senators
Dkk
13:42
Sounds good to me
HopefullyInLawSchool
13:43
@glovediedthisishismom: What if he appoint Ym instead?
HELP
every damn opportunity
13:47
do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
13:48
Some schools rject
13:49
Thanks! I couldn't find any reddit thread about it lol
13:49
but just means now I have to wait for the rejection from Davis
glovediedthisishismom
13:53
i just wanna rock
glovediedthisishismom
13:53
bodyadaya
13:53
let it rock
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