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What is opposite of landlady?
tenant or lessee maybe landlord
What does the word Lessor mean on property ownership mean?
In property ownership, a "lessor" refers to an individual or entity that leases or rents out property to another party, known as the lessee. The lessor retains ownership of the property while granting the lessee the right to use it for a specified period, typically in exchange for rent. This arrangement is commonly found in residential and commercial real estate leases. The terms and conditions of the lease are usually outlined in a contract.
What is a sale and leaseback?
A leasing package wherein the lessee sells presently-owned equipment to the lessor to convert fixed asset into cash with the lessor allowing the lessee to retain the full use of the property for a fee over a specified period of time.
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.
When you sublet a condo is it covered by HO6 policy?
Your best strategy is to work with your broker -- whether you are the owner or the lessee, or the sub-lessee -- to determine the coverage available under the owner's HO-6 policy. Since all governing documents define ownership boundaries differently, and all master policies define coverage differently, as do HO-6 policies, getting a specific answer to your specific question is strongly suggested. In these matters, there are no standards.
Lessee's right to recover the short working is related to?
The lessee's right to recover the short working is related to the amount of shortfall in the actual mineral production compared to the amount specified in the lease agreement. This right is typically outlined in the terms of the lease agreement and allows the lessee to recoup the value of the missing minerals or seek compensation from the lessor.
What's The lessee right to recover the short working is related to?
terms of agreement
What is the plural of lessee?
The plural of lessee is lessees.
Can I hunt under my grandpa's gratis license in North Dakota?
No. Only the landowner or lessee may hunt on a gratis permit unless the landowner or lessee transfers the gratis permit to an immediate family member. Immediate family member is described as a spouse or child.
Who is the lessor and lessee?
lessor is the owner of property
Who has the right to repeal?
Any owner or lessee of real property within a community where a proposed disaster has occurred.
What is the correct spelling co-lessee or co-leasee?
co-lessee
What does Lessee mean?
A lessee is an individual or entity that leases or rents a property, asset, or equipment from another party, known as the lessor. The lessee agrees to pay rent or lease payments for a specified period, gaining the right to use the property while the lessor retains ownership. This arrangement is commonly used in real estate, vehicle rentals, and equipment leasing.
What do you call a person who leases property from another?
A person who leases property from another is called a "lessee" or "tenant." The lessee pays rent to the property owner, known as the "lessor," for the right to use the property for a specified period under the terms of a lease agreement.
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.
If lessee dies does estate have right to option to buy land from lessor?
If a lessee dies, the rights to the lease, including any option to buy the land, typically pass to their estate or heirs, depending on the terms of the lease agreement and applicable laws. The estate may have the right to exercise the option to buy, but this is contingent on the specific language of the lease and whether it allows for transfer upon the lessee's death. It’s advisable for the estate to consult with legal counsel to understand their rights and obligations in this situation.
