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The narrower term 'tenancy' describes a lease in which the tangible property is land (including at any vertical section such as airspace, storey of building or mine).A premium is an amount paid by the tenant for the lease to be granted or to secure the former tenant's lease, often in order to secure a low rent, in long leases termed a ground rent.
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.
In August 2017, Buck and Northern Trust announced an agreement for the bank to lease 465,000 square feet (43,200 m 2) of the building. The lease, which includes signage and naming rights, will consolidate approximately 2,500 to 3,000 Northern Trust workers from several sites around Chicago and take place in 2020. [7]
The cities of Madison, Wisconsin, and Chicago, Illinois, have substantially greater protection of tenants' security deposit rights than the surrounding areas. [10] Studies have shown that landlords often improperly withhold security deposits after tenants move out, and often get away with it because it's too much trouble to fight. [11]
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 Chicago, Rock Island and Pacific Railway Company, track, Cedar Rapids, Iowa, 0.67 mile, and 1.32 miles side track, lease January 2, 1912, to August 1, 1951; rent one half of 5 percent on $21,147.46. Maintenance $150 per annum. 528.72 Chicago, Saint Paul, Minneapolis and Omaha Railway Company: Track, Le Mars to Sioux City, Iowa, 24 miles.
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