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AcFn Students notes
07 Jun, 02:12
What is lease ?
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A lease is a contractual agreement between a landlord and a tenant, where the landlord allows the tenant to use and occupy the property for a specific period in exchange for rent. The terms of the lease include details such as the duration of the lease, rent payable, security deposit, and the tenant's responsibilities.
A lease is a crucial document that helps establish legal obligations and prevent disputes between landlords and tenants. It protects the interests of both parties and ensures that the property is used correctly. Moreover, a lease helps landlords generate income from their property while allowing tenants to enjoy a secure and comfortable living space.
Keynote:
๐ก๐ก "The lease is a binding legal contract between a landlord and tenant that contains critical information on the terms of the rental agreement."
๐ก๐ก "A lease outlines the rights and obligations of both the landlord and tenant, making it an essential document for any rental arrangement."
Please note follow us up on our YouTube channel for more information about accounting, tap this link ๐๐https://youtube.com/@Accountingforyoulearning
๐๐๐๐๐๐๐๐๐๐๐๐
A lease is a contractual agreement between a landlord and a tenant, where the landlord allows the tenant to use and occupy the property for a specific period in exchange for rent. The terms of the lease include details such as the duration of the lease, rent payable, security deposit, and the tenant's responsibilities.
A lease is a crucial document that helps establish legal obligations and prevent disputes between landlords and tenants. It protects the interests of both parties and ensures that the property is used correctly. Moreover, a lease helps landlords generate income from their property while allowing tenants to enjoy a secure and comfortable living space.
Keynote:
๐ก๐ก "The lease is a binding legal contract between a landlord and tenant that contains critical information on the terms of the rental agreement."
๐ก๐ก "A lease outlines the rights and obligations of both the landlord and tenant, making it an essential document for any rental arrangement."
Please note follow us up on our YouTube channel for more information about accounting, tap this link ๐๐https://youtube.com/@Accountingforyoulearning
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