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Legal Definition of 'Lease'
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and include things such as commercial and residential real property transactions. Real estate is often considered synonymous with real property (sometimes called realty ), in contrast with personal property (sometimes called chattel or personalty under chattel law or personal property law ). However, in some situations the term "real estate" refers to the land and fixtures together, as distinguished from " real property ", referring to ownership of land and appurtenances , including anything of a permanent nature such as structures, trees, minerals, and the interest, benefits, and inherent rights thereof. ...
evolved into a very public business dispute on Sunday, with the bar ownership stuck outside the space they had operated since December of 2008. According to Julie Rico, who has owned the lease for the wine bar space and the Weeneez hot dog shop next door since at least 2006, Saturday's early morning changeout was simply a business move. “It was not burglarized,” said Rico in an email to blogdowntown. "There is a new owner of the spaces. He is taking the space over to put in a beer and wine bar with food. He is an amazing person and will work much better in the space." On ... Read More
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Lease Definition - What Does Lease Mean?