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  • Glossary

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    Dumitrita Tabacaru
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    Leasing involves giving property to someone in exchange for monthly payments, with the property transferring ownership to the renter at the end of the agreement. Renting also involves monthly payments but the property remains under the owner's ownership at the end of the contract. The document provides definitions for leasing, renting, agreement and contract as they relate to property arrangements.

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    Leasing involves giving property to someone in exchange for monthly payments, with the property transferring ownership to the renter at the end of the agreement. Renting also involves monthly payments but the property remains under the owner's ownership at the end of the contract. The document provides definitions for leasing, renting, agreement and contract as they relate to property arrangements.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    4 views1 page

    Glossary

    Uploaded by

    Dumitrita Tabacaru
    Leasing involves giving property to someone in exchange for monthly payments, with the property transferring ownership to the renter at the end of the agreement. Renting also involves monthly payments but the property remains under the owner's ownership at the end of the contract. The document provides definitions for leasing, renting, agreement and contract as they relate to property arrangements.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Glossary:

    1. Leasing – an act of giving a property for a monthly payment where in the end the property
    becomes the property of the person who has payed.

    2. Rent – a monthly payment for using property. (at the end of the contract, the property doesn’t
    become the property of the person who rents)

    3. Agreement -

    4. Contract

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