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Commercial Lease
A legally binding contract used when renting business property to or from another individual or company.
Lessor
The owner of a property or asset who leases it out to another party, known as the lessee, under a rental agreement.
Involuntary Bailment
A situation where an individual unintentionally comes into possession of someone else's property and has a legal duty to take care of it.
Bailor
The owner giving up possession of property in a bailment.
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