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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.
What else can I help you with?
What is the plural of lessee?
The plural of lessee is lessees.
Who is the lessor and lessee?
lessor is the owner of property
What is a consignment of lease?
A consignment of lease refers to an arrangement where goods are delivered to a lessee (tenant) for use, while the ownership remains with the lessor (owner). The lessee typically pays a fee or rent for the use of the goods, which can include equipment, vehicles, or other assets. This arrangement allows the lessee to utilize the items without the upfront cost of purchase, while the lessor retains ownership and may benefit from ongoing rental income.
What is the correct spelling co-lessee or co-leasee?
co-lessee
If a lessee screws a magazine rack on the lessors wall who's does it belong to when the lessee leaves?
If the lesse leaves it, then it belongs to the landlor/lessord. If the lessee removes it, then it belongs to the lessee. In either case, the lessee may be liable for any damage caused by screwing anything to the wall without permission. Your lease or other agreement may certainly specify otherwise.
What are some antonyms for the word 'lessee'?
One of the best antonyms for the word lessee would be landlord. Lessee would be the person renting so the opposite would be the person who is offering the place to rent.
When a lessee sells leased equipment to a third party the lessor cannot under any circumstances recover the equipment from the buyer?
Wrong. If the lessee sells equipment to someone else that does not belong to him then it becomes stolen equipment. Then the buyer is in possession of stolen equipment. If the buyer knows or should know that the equipment is stolen, he is committing a felony. It is punishable by time in prison. The material is returned to the original owner.
In Oklahoma is a 99 year old lease treated as real property or personal property?
Real property is the land and anything attached to it. A lease is a contract that gives the lessee the right to the use and possession of real property for a certain time period. The lessee cannot convey the land because it doesn't own it in fee. A lease is less than a fee interest and is treated as personal 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
Right of lessee can be described as?
encumber
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 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.
