Leasing is a process by which a firm can obtain the use of a certain fixed assets for which it must pay a series of contractual, periodic, tax deductible payments.
The lessee is the receiver of the services or the assets under the lease contract and the lessor is the owner of the assets. The relationship between the tenant and the landlord is called a tenancy, and can be for a fixed or an indefinite period of time (called the term of the lease). The consideration for the lease is called rent. A gross lease is when the tenant pays a flat rental amount and the landlord pays for all property charges regularly incurred by the ownership from lawnmowers and washing machines to handbags and jewellry.
Under normal circumstances, a freehold owner of property is at liberty to do what they want with their property, including destroy it or hand over possession of the property to a tenant. However, if the owner has surrendered possession to another (the tenant) then any interference with the quiet enjoyment of the property by the tenant in lawful possession is unlawful.
View MoreLansing — The Michigan Department of Natural Resources is exploring the possibility of leasing about 420 acres of forest land near Gaylord for a solar farm, raising concerns among lawmakers opposed to the land use. The agency plans to put out a public notice sometime this month to inform residents of its plan to lease the Hayes...
Muscat: Muscat Municipality has announced that, effective January 5, 2025, services for registering, renewing, and amending commercial lease contracts ......
Emails now reveal bad actors were at play regarding Next Bridge’s lease deal, with CEO McCabe being tormented by “pathetic bottom feeders”. Next Bridge Hydrocarbons, Inc. (“Next Bridge”) has been navigating turbulent waters following the recent decision by University Lands not to extend the...
Pakistan Railway workers busy repairing railway tracks during maintenance work near Railway Station. — APP/File LAHORE: The National Assembly's Standing Committee on Railways on Friday stressed the need to regularize railway land and lease commercial properties to enhance revenue generation. Chairman Rai Hassan Nawaz presided...