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Rental agreement. 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 ...
The South African law of lease is an area of the legal system in South Africa which describes the rules applicable to a contract of lease (or letting and hiring, Lat locatio conductio, Afrik huur en verhuring). [ 1 ]: 906 This is broadly defined as a synallagmatic contract between two parties, the lessor and the lessee, in terms of which one ...
The option gives the tenant the right (but not the obligation) to purchase the property at a later date. The lease option only binds the seller to sell, it does not bind the buyer to buy. That makes it a "unilateral" or one-way agreement. In contrast, a lease-purchase is a bilateral, or two-way, agreement. The basic elements of a lease-option ...
Contract law. A contractual " [a]ny provision forming part of a contract" [1] Each term gives rise to a contractual obligation, breach of which can give rise to litigation. Not all terms are stated expressly and some terms carry less legal gravity as they are peripheral to the objectives of the contract. Condition or Warranty. [2]
International Convention for the Prevention of Pollution of the Sea by Oil, London, 1954, 1962, 1969. International Convention for the Regulation of Whaling (ICRW), Washington, 1946. International Treaty on Plant Genetic Resources for Food and Agriculture. International Tropical Timber Agreement (expired), 1983.
Lease purchase contract. 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.
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. In essence, a lease agreement is a contract between two parties: the ...
Nature's Way began as six comic strips submitted in 1976 to the Pacific Search, a local magazine in Seattle. This was Larson's effort to get away from a retail music store job. He was paid $90 for the strips, which encouraged him to produce more cartoons. He soon began submitting weekly cartoons to a newspaper, The Sumner News-Review, which ...