What is a Lease? - Study24x7
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Abhishek kumar
28 Apr 2023 11:54 AM study24x7 study24x7

What is a Lease?

A

A rental agreement between owner of a flat/house and the Tenant, whereby the Tenant pays specified amount on specified dates to the owner

B

A legal contract between the owner of an asset and its user, containing many conditions including payment of a specified amount by the user to the Owner for use of the asset

C

Both (a) and (b)

D

None of the above

Banking
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