A Direct Lease Is a Lease Under Which the Lessee

question 63

True/False

A direct lease is a lease under which the lessee sells an asset for cash to a prospective lessor and then leases back the same asset, making fixed periodic payments for its use.

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Definitions:

Vietnam

A country in Southeast Asia known for its rich history, cultural heritage, and economic growth.

Easement By Necessity

A right of access granted to a property owner because it is absolutely necessary for the use or development of their property, often arising when a property is landlocked.

Landlocked

A property that has no direct access to a public street or way, typically requiring passage through another property to reach a road.

Appurtenant

Appurtenant refers to something that is attached to another thing, legally or physically, and is considered an inherent part of that thing.