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A break clause is a term in a contract that allows early termination of the contract before the default end date. In accordance with English property law , such clauses are typical in tenancy agreements, so as to allow a tenancy to come to an end before the end date stated in the agreement. [ 1 ]
Lease purchase agreement (click to view pages) Rent-to-own, also known as rental purchase or rent-to-buy, is a type of legally documented transaction under which tangible property, such as furniture, consumer electronics, motor vehicles, home appliances, engagement rings, and real property, is leased in exchange for a weekly or monthly payment, with the option to purchase at some point during ...
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The lease typically lasts for between 9 and 11 years, after which the management company has the option to either renew, or the property can be sold, or rented out and held privately by the owner. The purchaser/owner can also enjoy periods of usage free of charge through the year, depending upon the terms of the lease.
In 1915, Louis A. Merrilat, an American football end and military officer active in the early 20th century, was sued by Helen Van Ness for breach of promise after breaking off an engagement. [ 11 ] [ 12 ] Merrilat hired the noted Chicago attorney Clarence Darrow to defend him against the charges, which were eventually dismissed.
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