Examlex
A lease in land is,in theory,affected by the sale of the property by the landlord.Each tenant is entitled to stay 30 days past the closing date,by which time a new lease arrangement must have been negotiated with the new landlord or the leased premises must be vacated.
Relinquished
Refers to the act of giving up or surrendering a right, possession, or claim.
Capital Account Balance
The amount recorded in a company's equity section of the balance sheet that represents the total capital from owners or shareholders.
Partnership Profits
Partnership profits refer to the net earnings generated from the operations of a partnership, which are shared among partners according to their partnership agreement.
Ownership Interest
A share or stake in a company or property, indicating the holder's rights to its assets and profits.
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