Lease - Law Dictionary Search Results
reconduction
reconduction [French reconduction, from Latin reconducere to lead back, lease again, from re- back + conducere to conduct, hire, lease] in the civil law of Louisiana : a
Copyhold
of the lord or his steward, and they are devisable. (7) A copyholder by general custom may make lease for a year, and with the lord's licence he may lease for any number of years. (8) Copyholds
inventory
: goods or materials held on hand: as a under the Bankruptcy Code : materials including personal property leased or furnished, held for sale or lease, or to be furnished under a contract for service, raw materials,
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Forfeiture
in (English) L.P. Act, 1922, 13th Sched., Part. II. (6) Breaches of covenants or conditions contained in a lease or other instrument, when it is stipulated that they shall occasion forfeiture; a forfeiture under these circumstances may
Will, Estate at
power of having any will. If a lessee for years accept an estate at will in the property lease, his term of years would in law be surrendered. An estate at will is created either by the
Wear and Tear, Reasonable
Reasonable, the waste of substance by the ordinary use of it. This expression commonly occurs in connection with leases, in which the lessee agrees to return the subject-matter of the lease at the end of the lease
Tenant
Meenatchi Ammal, 1904 ILR 27 Mad 401. Means a agriculturist who cultivates personally the land he holds on lease from the landlord and includes a person who is deemed to be a tenant, Racha Naika v. State
Re-entry
lately foregone. A clause of this nature, called a 'proviso for re-entry,' is inserted in every properly drawn lease, empowering the lessor to re-enter upon the demised premises if the rent is in arrear for a certain
Perpetuity
Marsden (1883); and Prof. Gray (Boston, U.S.A., 2nd Edn. 1906); and as to option of purchase in a lease, and the present restrictions on the creation of a lease in futuro, see OPTION and LEASE. Compare also
Dead rent and royalty
Dead rent and royalty, 'dead rent' is calculated on the basis of the, area leased while 'royalty' is calculated on the quantity of minerals extracted or removed. Thus, while dead rent is a
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