This lease rider form is used when any party acquiring an interest in this Lease, by any form of assignment, contract, agreement, or sublease, accepts and is bound by all of the terms and provisions of this Lease to the same extent as the Lessee is bound.
Vermont Acceptance of Terms by Lessee's Assigns
Category:
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Multi-State
Control #:
US-OG-779
Format:
Word;
Rich Text
Instant download
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FAQ
A lease agreement is an arrangement between two parties ? lessor and lessee, by which the lessor allows the lessee the right to use a property owned or managed by the lessor for a specified period of time, in exchange for periodic payment of rentals. The agreement does not provide ownership rights to the lessee.
What Is a Lessor? A lessor is essentially someone who grants a lease to someone else. As such, a lessor is the owner of an asset that is leased under an agreement to a lessee. The lessee makes a one-time payment or a series of periodic payments to the lessor in return for the use of the asset.
