Join IDNLearn.com to access a wealth of knowledge and get your questions answered by experts. Our platform offers reliable and detailed answers, ensuring you have the information you need.

if a lease purchase option conveys an improvident bargain upon the lessee, the lessee may be subject to

Sagot :

If a lease purchase option conveys an improvident bargain upon the lessee, the lessee may be subject to the sale of the assets.

A lease is a contract outlining the terms under which one party agrees to rent an asset—in this case, property—owned by another party. It guarantees the lessee, also known as the tenant, use of the property and guarantees the lessor (the property owner or landlord) regular payments for a specified period in exchange. Both the lessee and the lessor face consequences if they fail to uphold the terms of the contract. A lease is a form of incorporeal right.

A lease is a legal, binding contract outlining the terms under which one party agrees to rent property owned by another party.

It guarantees the tenant or lessee use of the property and guarantees the property owner or landlord regular payments for a specified period in exchange.

To know more about Lease visit:

https://brainly.com/question/29432211

#SPJ4

Thank you for participating in our discussion. We value every contribution. Keep sharing knowledge and helping others find the answers they need. Let's create a dynamic and informative learning environment together. Find clear and concise answers at IDNLearn.com. Thanks for stopping by, and come back for more dependable solutions.