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The lease can be extended in 2018 if the first stage from 2015 to 2018 was successful. Russia needed the Chinese funds to replace a shortfall caused by international sanctions. [12] [13] The Transbaikal region borders with China, and the lease agreement stirred up a maelstrom of controversy and anxiety in Russia. [14]
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The lease stipulates that the United States "shall exercise complete jurisdiction and control", while recognizing "the continuance of the ultimate sovereignty of the Republic of Cuba". Cuban vessels involved in trade will have free passage through the waters. The United States has the right to modify the waters as necessary.
In 1934, a new Cuban-American Treaty of Relations, reaffirming the lease, granted Cuba and its trading partners free access through the bay, modified the lease payment from $2,000 in U.S. gold coins per year to the 1934 equivalent value of $4,085 in U.S. dollars, [citation needed] and made the lease permanent unless both governments agreed to ...
A Lease-Purchase Contract, also known as a lease purchase agreement or rent-to-own agreement, allows consumers to obtain durable goods [1] or rent-to-own real estate [2] without entering into a standard credit contract. [1] It is a shortened name for a lease with option to purchase contract.
[2] In late 2011, the agreement was renewed, this time with the new Association for the Tabacalera of Lavapiés, for 8 years, with a 2-year renewable lease. A third of its total surface, 9,200 m2 (97,000 sq ft) is dedicated to the Centro Social Autogestionado La Tabacalera de Lavapiés (Autonomous Social Center Tabacalera of Lavapiés).
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