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Nettet9. apr. 2024 · Lease: A lease is a contract outlining the terms under which one party agrees to rent property owned by another party. It guarantees the lessee , the tenant, … Nettet9. apr. 2024 · A lease is not a transfer of ownership of property, but only possession is given for a certain time.. The transferor is called lessor (landlord), and the transferee is called lessee (tenant).. Essential Elements of Lease. 1. Parties. The guardian of the minor may grant a lease for a period of 5 years (with an additional period of 1 year once the … Nettet27. okt. 2024 · The leasing agent and the renters will do a detailed walk-through of the house and property before the party takes possession of the house. When the lease … christ freedom arena ministries worldwide