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Old 01-31-2011   #5
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Join Date: Jan 2011
Location: UK
Posts: 2
Default Re: What is lease agreement?

A lease agreement is also called as Rental agreement. A lease agreement is a lease in which the asset is tangible property. The lease will either provide specific provisions regarding the responsibilities and rights of the lessee and lessor, or there will be automatic provisions as a result of local law.
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