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What kind of estate can be unilaterally be terminate by a lessor or lessee?
Wiki User
∙ 11y ago
estate at will
Wiki User
∙ 11y ago
Anonymous
Tenancy are will
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Who is the lessor and lessee?
lessor is the owner of property
Who is the lessor vs lessee in auto registration?
The Lessor is the finance company. The lessee is the person leasing the vehicle from the finance company
What are the motivating factors for a lessor and a lessee?
The lessor has income producing property available and the lessee needs to rent residential or commercial space.
What is a lessor and lessee?
A lessor is someone who grants a lease of something to someone. For example, in a commercial building lease scenario, the lessor is the landlord (building owner), and the tenant will be known as the lessee.
If the lessee and lessor use different interest rates to account for a capital lease then total expenses for the lessee will be different from the lessor's total revenues?
yes
What does 'lease' mean in real estate?
A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset. In your case the asset would be the house or space. A lease will either provide specific provisions regarding the responsibilities and rights of the lessee and lessor, or there will be automatic provisions as a result of local law.
Is the lessor the landlord or the tenant?
Tenant and lessee are the same thing, they are a person who rents property from a lessor who own property that he wants to lease.
How do you spell Leasor?
The owner or person who receives rent is the "lessor" and the person paying rent is the "lessee".
What are referents?
Banks and suppliers used in the lessee’s business and listed on the lease application. Lessor will contact them to check lessee payment habits.
What are credit references?
Banks and suppliers used in the lessee’s business and listed on the lease application. Lessor will contact them to check lessee payment habits.
Who provides for the occupancy permit the lessor or lessee?
In many jurisdictions it is ONLY the owner (not the lessee) who can obtain a building permit and the resulting occupancy permit.
What are the remedies of lessee when possession is not delivered?
When possession is not delivered to the lessee, the remedies typically involve seeking compensation for any damages incurred, such as reimbursement for expenses or finding alternative accommodation. The lessee may also have the option to terminate the lease agreement due to the lessor's breach of contract. It's advisable to review the lease terms and applicable laws to determine the appropriate course of action.
