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A lease is a contractual arrangement calling for the user (referred to as the lessee) to pay the owner (referred to as the lessor) for the use of an asset. [1] Property, buildings and vehicles are common assets that are leased. Industrial or business equipment are also leased. Basically a lease agreement is a contract between two parties: the ...
The secretary of state of Illinois is one of the six elected executive state offices of the government of Illinois, and one of the 47 secretaries of state in the United States. The Illinois secretary of state keeps the state records, laws, library, and archives, and is the state's corporation registration, vehicle registration and driver ...
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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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 ...
As of the first quarter of this year, the office vacancy rate reached 19.8%, up from 19.6% the prior quarter. Not to mention, the new record-high vacancy rate is 50 basis points “above the ...
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