Over time, he became the lessee of several coat-check concessions in New York.
He went inside and did a deal with the lessee, for £3 a week.
After all units are sold, the co-op corporation will become the lessee.
If the car has anything beyond minor damage, the lessee may have to pay for the repairs.
If the property is purchased, buyer and seller each pay half; if it is leased, the cost is borne entirely by the lessee.
The lessee could decide what to produce and at what price to sell it, and, upon his decease, his children could "inherit" the leased property.
"The owners of the LATHROP will decorate every apartment to suit the fancy of the lessee... ...... the ad announced, repeating the capitalized name five times.
Frequently the contract was renewable every year a provision that held considerable insecurity for the lessee, who was obligated to leave the land at term.
Chevrolet calculated that relatively low lease payment to include the existing $7,500 federal tax credit, whose value will be transferred from the lessee to the lessor.
It's hidden under snow right now; but I won't be going back to that one, in any weather, until the end of either the lease or the lessee.
A lawyer friend of mine said that if subletting is permitted in the lease, the lessee has the right to sublet.
