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English: Combines elements of a traditional rental agreement with an exclusive right of first refusal option for later purchase on the home. It is a shortened name for Lease with Option to Purchase Contract.
A rental agreement or lease may include a "rent review" clause which makes provision for the rental amount to be increased, the process for the landlord to provide notice of a rent increase and the options available to the tenant regarding acceptance or rejection of the proposed increase. [3]
An expandable table with chairs. This is a list of furniture types. Furniture can be free-standing or built-in to a building. [1] They typically include pieces such as chairs, tables, storage units, and desks. [1] These objects are usually kept in a house or other building to make it suitable or comfortable for living or working in.
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.
A triple net lease (triple-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.).
Folding chairs also were used as grave goods in the richest graves. A folding chair of ebony and ivory with gold fittings was found in Tutankhamun's tomb in Egypt. Folding chairs were used in Ancient Egypt, Minoan Greece, and Ancient Rome, as well as during the Nordic Bronze Age and the Medieval Period. The frame was mostly made of wood, and ...
Low table by Isamu Noguchi (1945) Sofa by Isamu Noguchi (1950) Bucket chair by Charles and Ray Eames (1950–1953) Aeron chair by Don Chadwick and Bill Stumpf (1990s). Herman Miller was founded in 1905 as the Star Furniture Co. [3] In 1919, it was renamed the Michigan Star Furniture Co. under then-president Dirk Jan De Pree.
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 ...