lease contract |
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Definition
Formal document that identifies the lessor, lessee, and the leased asset or property; states lease term and fee (rent), and detailed terms and conditions of the lease agreement.
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lease contract is in the Agreements & Contracts and Purchasing & Procurement subjects.
lease contract appears in the definitions of the following terms: lease purchase, charterparty, leveraged lease, bargain purchase provision, master lease, hell or high water clause and assignment of lease
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