What is lease. Discuss the modes of payment of rent in lease?
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a legal agreement that allows you to use a building or land for a fixed period of time in return for rent..
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Answer:
Explanation:
A lease payment is the equivalent of the monthly rent, that is formally dictated under a contract between two parties, granting one participant the legal right to use the other individual's real estate holdings, manufacturing equipment, computers, software, or other fixed assets, for a specified amount of time
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