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A lease is a contractual arrangement calling for the user (referred to as the lessee) to pay the owner (referred to as the lessor) for the use of an asset. [1] Property, buildings and vehicles are common assets that are leased. Industrial or business equipment are also leased. In essence, a lease agreement is a contract between two parties: the ...
Rent Kicker, or Percentage Rent: Common in retail store leases. This is a premium rent payment that the lessor requires and is treated as a period expense. For example, it may be stated in the contract that if sales are over $1,000,000, any excess over this amount will have 2% taken out as a rent kicker. This is not reported as part of the ...
Parking lot. A parking lot (American English) or car park (British English), also known as a car lot, is a cleared area intended for parking vehicles. The term usually refers to an area dedicated only for parking, with a durable or semi-durable surface. In most jurisdictions where cars are the dominant mode of transportation, parking lots are a ...
The 708 N. Kings Highway lot is home to the White Sands Motel. Officials said Pyade agreed to sell the building to the city under the condition he can lease it for $2,500 a month for up to eight ...
A parking space, parking place or parking spot is a location that is designated for parking, either paved or unpaved. It can be in a parking garage, in a parking lot or on a city street. The space may be delineated by road surface markings. The automobile fits inside the space, either by parallel parking, perpendicular parking or angled parking.
To be sure, the federal government owns a lot of vacant land that could be used for housing. It currently owns 28 percent of all the country's land, including about 50 percent of land in the West.
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