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Ownership Rights
Legal rights that confer the ability to use, control, and dispose of property or an asset.
Implied Renewal
Suggests the automatic extension of a contract based on certain actions or the lack of termination notice by any party involved.
Lease Term
The duration for which a lease agreement is effective, typically specified in months or years.
Fee Simple Absolute
The most complete ownership of property recognized by law, where the owner has unlimited control over the property and can dispose of it at will.
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