Examlex
As societies become more complex, the number of statuses people occupy tends to increase.
Definite-Term
A term or period with a clear beginning and end. In contracts, it refers to an agreement effective for a specific duration.
Term for Years
A leasehold estate for a specific period of time, which could range from months to years, but has a definite end date.
Lease
A contract granting use or occupation of property during a specified period in exchange for a specified rent.
Common Area
A Common Area is a space within a building or property that is shared and accessible to all occupants or members.
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