Archive for March, 2010

FORMALITIES FOR LEASING

Wednesday, March 24th, 2010

Though agreement amongst parties is required but a written notification to Statute of Frauds is also required according to which a contract needs to be signed depending upon what for a lease is to be signed. Either it is for property, financial funds or even for transfer of authority. Thus any interference in the fulfilling of the contracts may lead to cancellation of the lease and fine the responsible party.
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TERMS FOR LEASING

Thursday, March 11th, 2010

By terms for leasing, I mean the duration for which a lease lasts. It can be either fixed i.e. at the end of a decided period; the lease automatically ends at the end of this period with no need of a notification. The lease can also be periodic which is renewed or extended once its pre-decided period ends. Another common lease is a tenancy lease which finishes once the parties wish to with no due fine or obligations.
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