Lease for life definition

Lease for life means a lease that terminates upon the death of the lessee.
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Lease for life or “tenancy for life” means a lease or tenancy that is granted to a lessee or tenant for the duration of his life;
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Lease for life means a lease that termi- nates upon the death of the lessee.
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Examples of Lease for life in a sentence

  • Lease for life" means a lease that termi- nates upon the death of the lessee.

  • Lease for life" means a lease that terminates upon the demise of the lessee.

  • Lease for life" means a lease that termi­ nates upon the demise of the lessee.

  • In a certain sense, what we find is a secularized version of the ascetic ideal of the religious life.

  • Irrevocable trust" means a trust that may not be revoked after its creation by the trustor.(((10))) (14) "Lease for life" means a lease that terminates upon the death of the lessee.(((11))) (15) "Lien" means any interest in property given to se- cure payment of a debt or performance of an obligation, including a deed of trust.

  • Lease for life" means a lease that termi- nates upon the demise of the lessee.

  • Lease for life is not common in India.a) False b) True c) May or may not d) Not relevant180.


More Definitions of Lease for life

Lease for life means a lease that terminates upon
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Related to Lease for life

  • Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.

  • Lessee means a person who acquires the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessee.

  • Rental Equipment means the equipment identified on the Service Agreement and Order Schedule or otherwise notified to you in writing that we will rent to you as part of our provision of the Services and which you will return to us after expiry or termination of the Agreement, subject to the provisions of this Agreement.

  • Residential rental property means property that is used solely as leased or rented property for residential purposes. If the property is a space rental mobile home park, residential rental property includes the rental space that is leased or rented by the owner of that rental space but does not include the mobile home or recreational vehicle that serves as the actual dwelling if the dwelling is owned and occupied by the tenant of the rental space and not by the owner of the rental space.

  • Tenant means a person entitled under a rental agreement to occupy a dwelling unit to the exclusion of others.