Termination rights of lessor and lessee

The party in a business transaction that contracts to make use of property or equipment for a specific amount of time is referred to as the lessee. The terms and conditions documented in a lease agreement govern the transaction. In return for the privilege of using the equipment or property for the duration of the lease, the lessee agrees that…

Tagged as: duration of the lease, lessee, lessee lessor relationship, lessor, Long-term rental of property, Responsibilities of lessee during lease period, tenant, Termination rights of lessor and lessee, terms and conditions of the lease

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