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Lease purchase contract. 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.
Rental agreement. A rental agreement is a contract of rental, usually written, between the owner of a property and a renter who desires to have temporary possession of the property; it is distinguished from a lease, which is more typically for a fixed term. [1] As a minimum, the agreement identifies the parties, the property, the term of the ...
Leasehold is a form of land tenure or property tenure where one party buys the right to occupy land or a building for a given time. As a lease is a legal estate, leasehold estate can be bought and sold on the open market. A leasehold thus differs from a freehold or fee simple where the ownership of a property is purchased outright and after ...
YORK, Maine — Voters will be asked in May to approve a new ordinance regulating residential short-term rentals like those listed on Airbnb and Vrbo.. The Selectboard voted 4-1 Monday to forward ...
The House bill states that a local government is capped at charging vacation rentals $150 for registration, whereas the Senate bill says a local government can charge “a reasonable fee.”. The ...
Rules of Decorum. While on the floor of the House of Representatives, Members are bound by a number of rules on their behavior. Clause 5 of Rule XVII of the House Rules forbids: [ 5] Exiting or crossing the hall while the Speaker is addressing the House. Passing between the Chair and a Member under recognition.
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