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I would think primary is the leasee and the secondary is a sub lease from the leasee.Not always agreed on by the leasor.
"Leasing land instead of buying can have several benefits for business owners. It can take less capital investment to lease than buy. Leasing also gives the leasee more flexibility, in that if the business location is not a good fit, the leasee can choose not to re-sign the lease and move to a different location."
LLC is not a valid Roman numeral.
Nothing. LLC is not a valid Roman numeral.
Not really. There is no residual value assigned to the leasee, so there is nothing to foreclose on. At the end of the lease you have nothing.
because when you buy it, it's yours. when you lease it, you give it back to the leasee. In the latter case you are just paying for the opportunity to use the vehicle.
No. The insurance must be in the name of the owner or leasee of the vehicle. Be careful and do not lie on either the lease contract or the insurance application. Both of these are legal contracts.
A valid lease should contain all the rules that tenant must follow. It should also contain who is allowed to live in the property and what will happen if the lease is violated.
The answer depends on how the lease is written. If the lease payments stop then the company can choose to repossess the vehicle. If the family of the deceased and the company can reach an agreement then the family could take over the lease if all parties agree. as a death is involved an attorney may need to be involved.
Yes it is. With US HQ in Rhode Island
Chances are that the answer is yes. I mean if a lease is valid when it's done orally, and no one has a copy, then if you signed it that's it.
Yes.