The ownership of the leased equipment remains with the lessor.
And on a couple of occasions, we leased a piece of equipment expecting a certain opportunity to take place, and it didn't transpire.
If the damage to or destruction or loss of part or all of the leased property makes it impossible to realize the purpose of the contract, the lessee may rescind the contract.
Southern California Edison leased the roof of this massive warehouse in Fontana, California, to install a 2.44-megawatt solar array in 2008.
Displays of wealth can also be misleading. Folks can appear wealthy -- but the mansion may be fully mortgaged, the cars might be leased and the landscaper may still be awaiting payment.
2. For those elements supplied by the buyer which were purchased or leased by the buyer, the addition would be the cost of the purchase or the lease.
We leased an apartment from the school.
For whatever reason, if the Lessee leaves the leased building, the Lessee agrees that he shall not claim any damages or removal costs from the Lessor.
He leased his apartment to his friend.
