These words in a lease have the effect of creating a lease for years.
Related Legal Terms & Definitions
- FIRMA In old English law. The contract of lease or letting; also the rent (or farm)…
- FERME A farm; a rent; a lease; a house or land, or both, taken by Indeuture…
- UNDER-LEASE In conveyancing. A lease granted by one who is himself a lessee for years, for…
- FARM estates. A portion or tract of land, some of which is cultivated. In parlance, and…
- NET LEASE Lease for commercial real estate lease where the tenant pays for the space (as with…
- DEMISE (A) contracts. In its most extended signification, it is a conveyance either in fee, for…
- OPERATIVE WORDS in a deed or lease, are the words which effect the transaction Intended to be…
- LEASEHOLD A tenant's interest in the right to use or occupy real property as provided for…