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Topic: Lessee


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In the News (Tue 15 Dec 09)

  
  Leasing - Wikipedia, the free encyclopedia
A lease or tenancy is an interest in personal property or real property given by a lessor to another person (usually called the lessee or tenant) for a fixed period of time, and the lessee obtains exclusive possession of the property in return for paying the lessor a fixed or determinable consideration.
For this purpose, the owner is called the lessor or landlord, and the other person is called the lessee or tenant, and the rights to possess and control the land are exchanged for some consideration, usually a monthly rent.
One important right that may or may not be allowed the lessee, is the ability to create a sublease or to assign the lease, i.e.
en.wikipedia.org /wiki/Lessee   (1943 words)

  
 Legal Definition of 'Lessee'
The lessee has a right to enjoy the premises leased for the term mentioned in the lease and to use them for the purpose agreed upon.
He is required to use the property in a tenant-like and proper manner; to take reasonable care of it and to restore it at the end of his term, subject only to the deterioration produced by ordinary wear and the reasonable use for which it was demised.
The lessee is required to restore the property to the lessor at the end of the term.
www.lectlaw.com /def/l026.htm   (332 words)

  
 Rental LEASE AGREEMENT Free for you to use
Lessee stipulates, represents and warrants that Lessee has examined the Premises, and that they are at the time of this Lease in good order, repair, and in a safe, clean and tenantable condition.
Lessee shall not keep on the Premises any item of a dangerous, flammable or explosive character that might unreasonably increase the danger of fire or explosion on the Premises or that might be considered hazardous or extra hazardous by any responsible insurance company.
Lessee, upon payment of all of the sums referred to herein as being payable by Lessee and Lessee's performance of all Lessee's agreements contained herein and Lessee's observance of all rules and regulations, shall and may peacefully and quietly have, hold and enjoy said Premises for the term hereof.
www.max-info.com /NoMoneyDown/form/20.html   (1965 words)

  
 Rhode Island Lemon Law Statutes: Chapter 31-5.2 of Rhode Island Code
A consumer or lessee shall have the option of retaining the use of any vehicle returned under the provisions of this chapter until such time as the consumer or lessee has been tendered a full refund or replacement vehicle acceptable to the consumer or lessee.
If applicable, refunds shall be made to the lessor and lessee as their interests may appear on the records of ownership as follows: the lessee shall receive the lessee cost and the lessor shall receive the lease price less the aggregate deposit and rental payments previously paid to the lessor for the leased vehicle.
If it is determined that the lessee is entitled to a refund pursuant to this chapter, the consumer's lease agreement with the lessor shall be terminated upon payment of the refund and no penalty for early termination shall be assessed.
www.lemonlawamerica.com /state_laws/rhode_island.htm   (2923 words)

  
 DCBA Brief, October 2002 Issue - Negotiating Cell Tower Leases from the Property Owner’s Perspective
Lessee’s mantra is that it needs the right to terminate the lease prior to lease term in order to account for unforeseen permitting and zoning problems, as well as the ever-changing consumer demand for wireless technology.
Lessee should be required to either (1) remove all footings; (2) remove the first five to ten feet of footings below ground level; or (3) pay Lessor the cost for removal of the concrete footings upon lease termination.
Lessee will try to condition the payment of rent upon the occurrence of a future event, such as receipt of the building and operating permits or upon completion of construction of the cell tower.
www.dcba.org /brief/octissue/2002/art21002.htm   (3785 words)

  
 SFG's Cash Flow Industry Blog
The lessee shall be deemed to accept the equipment upon its delivery and installation by the supplier and shall evidence such acceptance by execution of an acceptance certificate.
Consider, however, that the lessee generally calculates the amount of rent it will be paying over the agreed term of the lease: 36, 48, 60 months, etc. Paying a full interim rent can increase the lease term by as much as 29 days (89 days in a quarterly rent lease).
At the end of the lease term, most leases state that the lessee must return the equipment to: "a location designated by the lessor within the continental United States." Return is to be at the lessee’s own cost and exposure, but often by a common carrier or other means selected by the lessor.
www.sovereignfunding.com /blog/archives/2005/10/pitfalls_and_op.html   (2868 words)

  
 Free Legal Form - Commercial Lease Agreement
Lessee shall, at his own expense and at all times, maintain the premises in good and safe condition, including plate glass, electrical wiring, plumbing and heating installations and any other system or equipment upon the premises, and shall surrender the same at termination hereof, in as good condition as received, normal wear and tear excepted.
Lessee shall comply with all statutes, ordinances and requirements of all munucipal, state and federal authorities now in force, or which may hereafter be in force, pertaining to the premises, occasioned by or affecting the use thereof by Lessee.
Lessee shall not be entitled to any part of the award for such taking or any payment in lieu thereof, but Lessee may file a claim for any taking of fictures and improvements owned by Lessee, and for moving expenses.
www.kinseylaw.com /freestuff/leaseten/ComLease.html   (1278 words)

  
 Office Consolidation - Rental of Residential Rental Property Act
The lessee shall be responsible for the ordinary cleanliness of the interior of the premises and for the repair of damage caused by any wilful or negligent act of the lessee or of any person whom the lessee permits on the premises, but not for damage caused by normal wear and tear.
The lessee shall have quiet enjoyment of the residential premises, and shall not be barred from free access to them during the term of the rental agreement.
If the lessee abandons the premises or terminates the rental agreement otherwise than in accordance with this Act, the lessor shall mitigate any damages that may be caused by the abandonment or termination to the extent that a party to a contract is required by law to mitigate damages.
www.irac.pe.ca /legislation/RentalofResidentialPropertyAct.asp   (5446 words)

  
 Sample Contracts - Aircraft Lease Agreement - General Electric Capital Corp. and Mandalay Resort Group - Competitive ...
Lessee is not entitled to reduce or set-off against Rent or other amounts due to Lessor or to anyone to whom Lessor assigns this Lease whether Lessee's claim arises out of this Lease, any statement by Lessor, Lessor's liability or any manufacturers liability, strict liability, negligence or otherwise.
Lessee shall not consolidate, reorganize or merge with any other corporation or entity (in any transaction pursuant to which Lessee is not the surviving entity), or sell, convey, transfer or lease all or substantially all of its property during the Term of this Lease.
Lessee has satisfied or complied with all conditions precedent and requirements set forth in the Lease, which are required to be or to have been satisfied or complied with on or prior to the date hereof.
contracts.onecle.com /mandalay/ge.lease-gulfstream.2001.12.28.shtml   (5021 words)

  
 adriatica.net > Charter boats Croatia, skippered routes Adriatic sea, islands, Kornati, Hvar, Krk, Vis, ...
The lessee agrees not to rent or lend the boat to any other person, not to use the boat in any competition(s), not to use the boat for commercial purposes, such as, commercial fishing, sailing courses etc., and not to use the boat in unfavorable weather conditions.
If the lessee would like to extend the rental period, the lessee is required to come to the agreed upon final destination and to contact the owner in order to obtain written permission for the new time and destination for the return of the boat.
The lessee is required to pay the owner for all material and legal costs not covered by the insurance that are the result of the lessee's deeds and negligence for which the owner is responsible to a third party.
www.adriatica.net /charter/uvjeti_en.htm   (1272 words)

  
 NCP Leasing, Inc. Master Lease Agreement
Lessee shall keep the Equipment in good condition and working order, ordinary wear and tear excepted, all at the sole cost and expense of Lessee, such that at the end of the Schedule Term the Equipment will be in a condition acceptable for a further maintenance agreement with a person or entity acceptable to Lessor.
Lessee shall not use the Equipment, or permit any other person or entity to use the Equipment, or any part of the Equipment, for any purpose or in any manner other than that for which the Equipment was designed.
Lessee shall undertake all actions necessary to ensure that none of the Equipment becomes, or could be alleged to be, a fixture.
www.ncpleasing.com /docs/agree.html   (2689 words)

  
 Central Florida Commercial Real Estate - Lease Agreement
LESSEE shall not use the PREMISES or permit anything to be done in or about the PREMISES which will in any way conflict with any law, statute, ordinance or governmental rule or regulation or requirement of duly constituted public authorities now in force or which may hereafter be enacted or promulgated.
LESSEE shall be responsible for the first $150.00 per repair of all maintenance to the interior of the leased premises, including doors, windows, heating and cooling equipment and mechanical equipment.
LESSEE agrees that the minimum coverage applying to the structure shall be $50,000 and that the coverage amount shall increase annually commensurate with the increase in construction replacement costs.
www.baronmgt.com /viewlease.html   (2836 words)

  
 Uniform Commercial Code - Article 2A   (Site not responding. Last check: 2007-10-24)
A warranty to or for the benefit of a lessee under this Article, whether express or implied, extends to any natural person who may reasonably be expected to use, consume, or be affected by the goods and who is injured in person by breach of the warranty.
(2) If the lessee rejects a nonconforming tender that the lessor or the supplier had reasonable grounds to believe would be acceptable with or without money allowance, the lessor or the supplier may have a further reasonable time to substitute a conforming tender if he [or she] seasonably notifies the lessee.
Revocation is not effective until the lessee notifies the lessor of the present value as of the same date of the total rent for the then remaining lease term of the original lease agreement, and (ii) any incidental or consequential damages, less expenses saved in consequence of the lessor's default.
www.law.cornell.edu /ucc/2A/article2A.htm   (9473 words)

  
 London Terrace Towers - PROPRIETARY LEASE
The Lessee shall be solely responsible for the maintenance, repair and replacement of all lighting and electrical fixtures, appliances, and equipment, and all meters, fuse boxes or circuit breakers and electrical wiring and conduits from the junction box at the riser into and through the Lessee's apartment.
In such case the proprietary lessees to whom such notice shall have been given shall have the right to cancel their leases in compliance with the provisions of Paragraph 35 hereof, provided only that written notice of the intention to cancel such leases shall be given on or before July 1st instead of April 1st.
In such event none of the lessees shall be required to surrender his shares to the Lessor and all certificates for shares delivered to the Lessor by those who had, during that year, served notice of intention to cancel their leases under the provisions hereof, shall be returned to such lessees.
www.londonterracetowers.com /lease.html   (5364 words)

  
 Mass. Dept. of Revenue - Letter Ruling 01-8: Sales Tax Consequences of Aircraft Lease/Financing
Lessee's present intention is to exercise its right to repurchase the Aircraft at the end of the Initial Term.
On Lessee paid of use tax to the Massachusetts Department of Revenue (the "Department") in connection with its use and storage of the Aircraft in Massachusetts.
The risk of economic loss and physical damage to the Aircraft borne by Lessee is analogous to that of a property owner, while the Lessor's risk and obligation with regard to the property are consistent with those of a lender.
www.massdor.com /rul_reg/lr/LR_01_8.htm   (2123 words)

  
 LEASE AGREEMENT free divorce bankruptcy california jucicial council law forms
Lessor leases to Lessee and Lessee leases from Lessor the above described Premises together with any and all appurtenances thereto, for a term of _(10)_ year(s), such term beginning on _____(11)_________, and ending at 12 o'clock midnight on __________(12)________.
Upon the due execution of this Agreement, Lessee shall deposit with Lessor the sum of __________(17)_____________ DOLLARS ($________) receipt of which is hereby acknowledged by Lessor, as security for any damage caused to the Premises during the term hereof.
In the event that any payment required to be paid by Lessee hereunder is not made within three (3) days of when due, Lessee shall pay to Lessor, in addition to such payment or other charges due hereunder, a "late fee" in the amount of _________(23)____________ ($__________).
www.lawca.com /noforms/R0789.html   (1884 words)

  
 Motor Vehicle Tax Manual (10)
The lessee turns in the vehicle to the lessor after the term of the lease (generally no more than five years) and, providing there is no extraordinary damage, the lessee just walks away.
The lessee is the individual or entity who has the contractual right to use the lessor's property.
When a vehicle is leased in another state and the lessee brings it to Texas for public highway use, the lessee (as the operator) owes motor vehicle use tax.
www.window.state.tx.us /taxinfo/audit/mv/10.htm   (2101 words)

  
 Chapter 72A — Leases
A lessee with a voidable leasehold interest has power to transfer a good leasehold interest to a good faith buyer for value or a good faith sublessee for value, but only to the extent set forth in the preceding sentence.
      (a) The lessor was deceived as to the identity of the lessee;
(1) Whether the lessor or the lessee is in default under a lease contract is determined by the lease agreement and this chapter.
www.leg.state.or.us /ors/072a.html   (7515 words)

  
 Free Legal Forms
Security Deposit The lessee has deposited with the lessor the sum of $___ as security for the prompt and full payment of the rent and the performance of all provisions of this lease, and any extension or renewal of them.
Lessee desires to lease from Lessor and Lessor desires to lease to Lessee all the items of equipment and personal property described in Exhibit A [omitted] (the "Equipment") on the terms and conditions stated herein.
On the execution of this agreement, lessee shall deposit with lessor the sum of $___ as security for the faithful performance by lessee of the terms and conditions of this lease.
www.freelegalforms.net /FreeLegalForms.cfm?criteria=lease   (991 words)

  
 Lemon Law Office.com
(4) "Lessee" means any consumer who leases a motor vehicle for one year or more pursuant to a written lease agreement which provides that the lessee is responsible for repairs to such motor vehicle or any consumer who leases a motor vehicle pursuant to a lease-purchase agreement.
Refunds shall be made to the consumer or lessee and to the lien holder, if any, as their interests may appear.
(b) If applicable, refunds shall be made to the lessor and lessee as their interests may appear on the records of ownership as follows: the lessee shall receive the lessee cost and the lessor shall receive the lease price less the aggregate deposit and rental payments previously paid to the lessor for the leased vehicle.
www.lemonlawoffice.com /lemonpages/att_info.php?state=ri   (1479 words)

  
 Carondelet-Holly Hills Landlord Assn. in St. Louis, MO, USA
LESSEE has deposited with LESSOR the sum of $___________ to be held by LESSOR as security for the faithful performance and observance by LESSEE of the terms, covenants and conditions of this LEASE.
LESSEE has inspected the Apartment and is satisfied with the physical condition thereof, and LESSEEs taking possession of the Apartment shall be conclusive evidence that the same was in good condition and repair and complied with all building and occupancy laws unless expressly noted in writing.
LESSEE shall be responsible for ordinary maintenance and repair of thc Apartment, and for upkeep and maintenance of any patios, balconies, wood decks or other areas reserved for the private use of LESSEE.
www.stlouislandlord.com /c-hhla/paperwork/Lease.htm   (2267 words)

  
 Geo Film Group Equipment Request
  Lessee shall not hire or retain the services of any technicians to use, operate, maintain or repair the Equipment without Lessor’s prior written approval which approval shall not be unreasonably withheld, provided that the technicians are familiar with and have the technical competence to use, operate, maintain or repair the Equipment, as applicable.
  Lessee shall continue to pay the Rent for the Equipment during the time period that the Equipment is being repaired or until it is replaced unless Lessor determines that the repairs are because of a defect in the Equipment.
  In the event that Lessee assigns this Lease with Lessor’s prior written approval, Lessee agrees to remain primarily liable to Lessor according to the terms and conditions of this Lease.
www.geofilmgroup.com /1_shoppolicy.asp   (2520 words)

  
 Nevada Revised Statutes: Chapter 104A
 A subsequent lessee from the lessor of goods that are subject to an existing lease contract and are covered by a certificate of title issued under a statute of this State or of another jurisdiction takes no greater rights than those provided both by this section and by the certificate of title statute.
NRS 104A.2405, the lessee may by written notification to the lessor as to any goods involved, and with respect to all of the goods if under an installment lease contract the value of the whole lease contract is substantially impaired (NRS 104A.2510):
NRS 104A.2407, a lessee, on notifying the lessor of the lessee’s intention to do so, may deduct all or any part of the damages resulting from any default under the lease contract from any part of the rent still due und
www.leg.state.nv.us /NRS/NRS-104A.html   (9381 words)

  
 Office Lease Form
The Lessee hereby covenants with the Lessor that the Lessee will pay the rent herein reserved at the times and in the manner aforesaid, and will pay all charges for gas, electricity, and water used on the premises.
This lease shall bind the Lessor and the Lessee and their respective heirs, assigns, administrators, legal representatives and executors.
Unless specifically disallowed by law, should litigation arise hereunder, service of process therefor may be obtained through certified mail, return receipt requested; the parties hereto waiving any and all rights they may have to object to the method by which service was perfected.
www.lectlaw.com /forms/f165.htm   (444 words)

  
 Lessee
The person who rents land or property from a lessor.
The lessee is also known as the tenant.
Always read your lease agreement carefully, it is a legally binding document.
www.taxopedia.com /terms/l/lessee.asp   (115 words)

  
 TakeMyPayments.com - Nationwide Lease Transfers, Trades and Swaps along with Used Cars Sales   (Site not responding. Last check: 2007-10-24)
Transfers may only be made to applicants within the same state as current lessee.
Lease Transfer Restrictions: Original lessee must request lease transfer in writing to initiate process, lease transfers permitted on a case by case basis.
Other Policy Information: Lease transfers in last 6 months of lease term may require original lessee to remain financially liable.
www.takemypayments.com /company.php   (2050 words)

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