Leasing is a process by which a firm can obtain the use of a certain fixed assets for which it must pay a series of contractual, periodic, tax deductible payments. The lessee is the receiver of the services or the assets under the lease contract and the lessor is the owner of the assets. The relationship between the tenant and the landlord is called a tenancy, and can be for a fixed or an indefinite period of time (called the term of the lease). The consideration for the lease is called rent. A gross lease is when the tenant pays a flat rental amount and the landlord pays for all property charges regularly incurred by the ownership from lawnmowers and washing machines to handbags and jewellry.
Under normal circumstances, a freehold owner of property is at liberty to do what they want with their property, including destroy it or hand over possession of the property to a tenant. However, if the owner has surrendered possession to another (the tenant) then any interference with the quiet enjoyment of the property by the tenant in lawful possession is unlawful. Similar principles apply to real property as well as to personal property, though the terminology would be different. Similar principles apply to sub-leasing, that is the leasing by a tenant in possession to a sub-tenant. The right to sub-lease can be expressly prohibited by the main lease.
Idaho is a state in the Rocky Mountain area of the United States. Idaho is the 14th most extensive, the 39th most populous, and the 7th least densely populated of the 50 United States. The state’s largest city and capital is Boise. Residents are called “Idahoans”. Idaho was admitted to the Union on July 3, 1890, as the 43rd state.
Idaho is a mountainous state with an area larger than that of all of New England. It is landlocked, surrounded by the states of Washington, Oregon, Nevada, Utah, Wyoming, Montana and the Canadian province of British Columbia. However, the network of dams and locks on the Columbia River and Snake River make the city of Lewiston the farthest inland seaport on the Pacific coast of the contiguous United States.