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In order to rent or lease in many apartment buildings, a renter (also referred to as a “lessee") is often required to provide proof of renters insurance before signing the rental agreement. There is a special type of the homeowners insurance in the United States specifically for renters — HO-4.
A lease in which the renter benefits from an increase in value of the asset is known as a finance lease. A leasing agreement which is not a finance lease is known as an operating lease. In housing, when a tenant rents an apartment but only pays for their room and the common space is a lease-by-room arrangement.
The length of the lease is also a determinant of value (e.g., 20 years of guaranteed income will be worth more 10 or 15 year terms). Generous rental increases, also known as rent bumps, add value to the lease and protect the landlord against inflation. Some leases also have a percentage rent kick in if the tenant's gross sales hits a certain CAP.
Looking out the window from his office in Boulder, Sanders said he wanted to establish a legacy that would merit chiseling his face into the mountains there like the presidents at Mount Rushmore.
During her appearance on 'Making Space,' Hoda Kotb's podcast, Goldie Hawn reveals the moment that encouraged her to take a closer look at her mental health.
The Encyclopaedia of Forms and Precedents is a large collection of non-litigious [1] legal forms and precedents published by LexisNexis UK.. The encyclopaedia is available in hard copy, on a searchable online database, and on CD-ROM.
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