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The time use of a chattel or other so called "personal property" is covered under general contract law, but the term lease also nowadays extends to long term rental contracts of more expensive non-Real properties such as automobiles, boats, planes, office equipment and so forth. The distinction in that case is long term versus short term rentals.
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A residential lease must include the parties, the premises (the address or relevant space), and the term of the lease. The lease term can be indefinite but must be stipulated as such in the document. Typically, leases will also include the price of rent per month or per term, but this is not legally required.
A lease option (more formally Lease With the Option to Purchase) is a type of contract used in both residential and commercial real estate.In a lease-option, a property owner and tenant agree that, at the end of a specified rental period for a given property, the renter has the option of purchasing the property.
Nearly a dozen Illinois teenagers were slapped with felony charges after they allegedly used dating apps to lure and beat two adult men over the summer — reportedly as part of a social media ...
A 40-year-old man has pled guilty to charges of stalking and harassing UConn women's basketball star Paige Bueckers, ESPN reports.. Robert Cole Parmalee, of Grants Pass, Oregon, entered a guilty ...
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