ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Collateral
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Lease
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Lien
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Maturity
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Detailed explanation-1: -The lease agreement is a contract between the lessor vs lessee for the use of the asset or property. It outlines the terms of the contract and sets the legal obligations associated with the use of the asset. Both parties are signatories to the agreement and are required to abide by its rules.
Detailed explanation-2: -Rental Agreement in Karnataka: Procedure Name and permanent residential address of the tenant. Address of the property being put up on lease. Tenure of the rental agreement. Financial consideration including monthly rent and security deposit payable.
Detailed explanation-3: -There are two parties to a lease: the owner called the lessor and the user called the lessee.
Detailed explanation-4: -The Provisions of a Lease Contract Rent amount, due dates, grace period, and late fees. Rent payment method. Methods for ending the contract before its expiration date, as well as any fees that may apply. Amount and account information for the security deposit.
Detailed explanation-5: -Finance leasing. Operating leasing. Contract hire.