The lease period must be 17 days or more.
The company is requiring, though, that tenants agree to a minimum lease period.
When the lease period expires, the second contract comes into effect, which enables the customer to purchase the car at an agreed price.
By leasing space, he noted, a company is not locked into a particular building and can move at the end of its lease period.
Under the new system the entire tax will be collected at the start of the lease period.
The lease rent will increase by 10% every three years during the lease period.
This could apply only if the owner had not received a vacancy increase for the previous lease period.
A bill was introduced in the Senate to extended the maximum allowable lease period to 262 years.
I have asked them to return a signed copy to me before the new lease period begins, but they never do this.
The school has the option to buy the land during the lease period.