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A Lease-Purchase Contract, also known as a lease purchase agreement or rent-to-own agreement, allows consumers to obtain durable goods [1] or rent-to-own real estate [2] without entering into a standard credit contract. [1] It is a shortened name for a lease with option to purchase contract.
The tenancy agreement for real estate is often called a lease, and usually involves specific property rights in real property, as opposed to chattels. In addition to the basics of a rental (who, what, when, how much), a real estate rental may go into much more detail on these and other issues.
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 ...
Due to its physical mass and prominent hillside location, it is "the most visible and identifiable building" in the small unincorporated town and the town's largest building. [3] It was designed by architect W.S. Elliott and constructed by Prescott, Arizona contractor Joe Petit for $9,000 to $10,000 on land donated by the town's founder, Joe Mayer.
An elderly Alabama woman living on a plot of land thought to be worth over $20 million will soon be kicked out of her longtime home after an ownership tussle with private investors.
An oral lease for a tenancy of years that violates the statute of frauds (by committing to a lease of more than—depending on the jurisdiction—one year without being in writing) may create a periodic tenancy, the construed term being dependent on the laws of the jurisdiction where the leased premises are located. In many jurisdictions the ...
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