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Lessee: Roles in Real Estate Lease Agreement There are two parties involved in a lease agreement: 1) the lessor and 2) the lessee. Lessor→ The party with ownership of the asset that lends the asset to the lessee, or borrower, for a specified period. Lessee→ The party that borrows an...
There are a few other theories behind a 90 year lease however these are not based on hire of property laws. These alternative contract structures have as the main agreement a 30-year lease agreement but aim to give additional rights in the wording of the agreement and in supplemental agreemen...
A lease is a legal agreement granting the tenant the right to use a property. A lease outlines the terms the tenant and landlord should follow, the rent amount, and the lease's expiration date. What is an example of a lease? Mary is a new tenant at Sunset View Plaza and wants to op...
Frontline is a Chicago-based real estate investment and advisory company with expertise in the acquisition, management, disposition, and leasing of commercial real estate properties.
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We provide commercial real estate services and a full compliment of marketing and consulting services to promote commercial industrial real estate for sale or lease.
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Succession clause and inheritance of a lease agreement To allow succession of the lease agreement and assignment to the heirs of the lessee the lease agreement should have specific clauses granting the right of succession. The transfer or assignment of the lease to the heirs of the lessee require...