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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.
For example, a housing tenant who is obliged to pay rent at the end of each month is said to pay rent in arrear, while a tenant who has not paid rental due for 30 days is said to be one month in arrears. Precise usage may differ slightly (e.g. "in arrear" or "in arrears" for the same situation) in different countries.
Building at Seton Hall's school of law in Newark, New Jersey.. Franzese's scholarship focuses on two main areas of the law: government ethics and property law. [13] [14] Her research into property law includes landlord-tenant reform, [15] [16] common interest communities including homeowners' boards, [17] [18] and affordable housing, including a legal analysis of the Mount Laurel doctrine. [19]
Depending on the company's bookkeeping procedures, all journals may be totaled and the totals posted to the relevant ledger each month. At the end of the accounting period, the company's financial statements are generated from summary totals in the ledgers. [2] Ledgers include: [3] Sales ledger (debtors ledger): records accounts receivable ...
The vast majority of accounts in the city ledger are accounts receivable (one notable exception is the advance deposit account discussed below, which is an account payable). Included in the city ledger are accounts belonging to various companies that utilize the hotel for meeting space and for lodging travelling executives.
A ledger account is created for each account in the chart of accounts for an organization and is classified into account categories, such as income, expense, assets, liabilities, and equity; the collection of all these accounts is known as the general ledger. The general ledger holds financial and non-financial data for an organization. [3]
The council was made up of 12 members appointed by the Governor of New Jersey and approved by the New Jersey Senate.COAH defined housing regions, estimated the needs for low/moderate income housing, allocated fair share numbers by municipality and reviewed plans to fulfill these obligations.
South Shore Plaza is a shopping mall in Braintree, Massachusetts, United States, owned by Simon Property Group.It is near the Braintree Split interchange, off the I-93 / US 1 and Route 37 junction.