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A rental agreement is a contract of rental, usually written, between the owner of a property and a renter who desires to have temporary possession of the property; it is distinguished from a lease, which is more typically for a fixed term. [1] As a minimum, the agreement identifies the parties, the property, the term of the rental, and the ...
In the 1950s a small airport was built on land leased from Penn State, just north of State College. The Centre County Airport Authority was created to manage the development of the airport. The October 1959 chartshows 2350-foot runway 6; the August 1965 chart shows 3000 feet; the November 1967 chart adds 2350-foot runway 16.
The term "net lease" is distinguished from the term "gross lease". In a net lease, the property owner receives the rent "net" after the expenses that are to be passed through to tenants are paid. In a gross lease, the tenant pays a gross amount of rent, which the landlord can use to pay expenses or in any other way as the landlord sees fit.
Renting, also known as hiring [1] or letting, [2] is an agreement where a payment is made for the use of a good, service or property owned by another over a fixed period of time. To maintain such an agreement, a rental agreement (or lease) is signed to establish the roles and expectations of both the tenant and landlord.
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.
It would keep the long-term East Garage at $17 per day, increase the long-term parking in the Main Garage to $20 per day and keep short-term parking in the Main Garage at $25 per day.
The option gives the tenant the right (but not the obligation) to purchase the property at a later date. The lease option only binds the seller to sell, it does not bind the buyer to buy. That makes it a "unilateral" or one-way agreement. In contrast, a lease-purchase is a bilateral, or two-way, agreement. The basic elements of a lease-option ...
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related to: huntingdon pa airport parking fees long term stay apartment lease agreementstayparktravel.com has been visited by 10K+ users in the past month