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  2. Lease - Wikipedia

    en.wikipedia.org/wiki/Lease

    Termination clause (describing what will happen if the contract is ended early or cancelled by either of the parties, stating the rights of parties to terminate the lease, and their obligations) All kinds of personal property (e.g. cars and furniture) or real property (e.g. raw land, apartments, single family homes, and business property, which ...

  3. Accounting for leases in the United States - Wikipedia

    en.wikipedia.org/wiki/Accounting_for_leases_in...

    A bargain purchase option is given to the lessee. This is an option that allows the lessee, upon termination of the lease, to purchase the leased asset at a price significantly lower than the expected fair market value of the asset. The life of the lease is equal to or greater than 75% of the economic life of the asset.

  4. Leasehold estate - Wikipedia

    en.wikipedia.org/wiki/Leasehold_estate

    The tenant must vacate the property if a lease fails to be realized. [dubious – discuss] In a residential lease for consideration, a tenant may not be removed except for cause, even in the absence of a written lease. If a landlord can terminate the tenancy at will, a tenant by operation of law is also granted a reciprocal right to terminate ...

  5. Rental agreement - Wikipedia

    en.wikipedia.org/wiki/Rental_agreement

    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; ...

  6. ‘Landlords win either way’: Gordon Ramsay exposes how ...

    www.aol.com/finance/landlords-win-either-way...

    In cases of prolonged non-payment or other lease violations, landlords may want to terminate the lease to seek a more financially stable tenant. Read more: ...

  7. Automatic renewal clause - Wikipedia

    en.wikipedia.org/wiki/Automatic_Renewal_Clause

    An automatic renewal clause is used in the insurance and healthcare industries . An automatic renewal clause (also referred to as an evergreen clause), is activated towards the end of the contractual period whereby it automatically renews the terms of an agreement except when the contract is terminated (through mutual agreement or contract breach), or one of the contracting parties has sent a ...

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