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Real Estate Jargons on your Fingertips: Lease / Leasehold / Lessee / Lessor

When you are looking for an ideal home to live and you go to a real estate agent or a broker or even a builder, they might use jargons which you might not know.

But we give you a solution!!

Read this space every Tuesday & Wednesday for Real Estate Jargons.

Lease
A written agreement between a landlord and a tenant granting a period of tenancy of a property under specific terms and conditions.

Leasehold
The right to use and have exclusive possession (but not ownership) of real estate for a specified period and subject to the fulfilment of certain conditions as recorded in a lease agreement.

Lessee
A person leasing a property.

Lessor
The owner of a property that is leased to another person.

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