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Equipment Lease Agreements typically contain language prohibiting the lessee from assigning the lease to a third party. For example, "You have no right to sell, transfer, assign, sublease, or encumber the equipment or this agreement" protects the Lessor’s collateral and credit underwriting guidelines in the event the lessee ever wants to ...
The modern fire department was founded in 1885 with two stations. It had grown to employ 21 firemen and 15 horses by 1890. During the early 20th century, although Birmingham spent less money per capita on services than similarly-sized Southern cities, it spent more on fire and education. The insistence on first-class fire protection came from ...
The narrower term 'tenancy' describes a lease in which the tangible property is land (including at any vertical section such as airspace, storey of building or mine).A premium is an amount paid by the tenant for the lease to be granted or to secure the former tenant's lease, often in order to secure a low rent, in long leases termed a ground rent.
Alabama began convict leasing in 1846 and outlawed it in 1928. It was the last state to formally outlaw it. The revenues derived from convict leasing were substantial, accounting for about 10% of total state revenues during 1883, [21] surging to nearly 73% by 1898. [4] Political campaigning against convict leasing in Alabama began in 1915.
Lease purchase agreement (click to view pages) Rent-to-own, also known as rental purchase or rent-to-buy, is a type of legally documented transaction under which tangible property, such as furniture, consumer electronics, motor vehicles, home appliances, engagement rings, and real property, is leased in exchange for a weekly or monthly payment, with the option to purchase at some point during ...
The cars of two Alabama women were seized for more than a year before courts found they were innocent owners. The Supreme Court says they had no constitutional right to a preliminary hearing.
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