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  2. Automatic renewal clause - Wikipedia

    en.wikipedia.org/wiki/Automatic_Renewal_Clause

    An automatic renewal clause is used in the insurance and healthcare industries . An automatic renewal clause (also referred to as an evergreen clause), is activated towards the end of the contractual period whereby it automatically renews the terms of an agreement except when the contract is terminated (through mutual agreement or contract breach), or one of the contracting parties has sent a ...

  3. Lease administration - Wikipedia

    en.wikipedia.org/wiki/Lease_Administration

    Lease management requires the extraction of key information from the lease agreement document into what is called a Lease Abstract, which is a summary of essential terms of a leasehold agreement of real estate. A lease of real estate, regardless of the country or state of jurisdiction, fundamentally comprises clauses that define the commercial ...

  4. Lease purchase contract - Wikipedia

    en.wikipedia.org/wiki/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. For real estate, a lease purchase contract combines ...

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    Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!

  6. Finance lease - Wikipedia

    en.wikipedia.org/wiki/Finance_lease

    According to AASB 117, paragraph 4, a lease is an agreement whereby the lessor conveys to the lessee in return for a payment or series of payments the right to use an asset for an agreed period of time. [2] A lease is classified as a finance lease if it "transfers substantially all the risks and rewards incidental to ownership of an asset."

  7. Rental agreement - Wikipedia

    en.wikipedia.org/wiki/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 rental, and the ...

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