The seller then becomes a lessee of the property while the purchaser becomes the lessor. The property's current owner-occupier agrees to sell the asset to an investor for a fixed price.
Definition: Operating lease is a contract wherein the owner, called the Lessor, permits the user, called the Lesse, to use of an asset for a particular period which is shorter than the economic life ...
A prominent Cebuano businessman will be summoned by the National Bureau of Investigation-Cebu District Office to confirm his ownership of the property rented by the Tourist Garden Hotel in Barangay ...
Tenure over large areas of communal land is, however, insecure. Other than private lease agreements between a lessee and lessor, most leaseholds apply to parcels of communal land used for commercial ...
In three big-ticket commercial real estate deals in Bengaluru, e-commerce giant Amazon and industrial conglomerate Honeywell have renewed their office leases in the city, while American electronic ...