Correct Answer is : is a legal contract-between the owner of an asset and its user, containing many conditions including payment of a specified amount by the user to the Owner for use of the asset.

is a rental agreement between owner of a flat/house and the Tenant, whereby the Tenant pays specified amount on specified dates to the owner.

is a legal contract-between the owner of an asset and its user, containing many conditions including payment of a specified amount by the user to the Owner for use of the asset.

is one of the ways resorted to by the companies

LIC AAO Model Paper 10

Question : 78 of 160

Marks: +1, -0

A lease___.

is a rental agreement between owner of a flat/house and the Tenant, whereby the Tenant pays specified amount on specified dates to the owner.
is a legal contract-between the owner of an asset and its user, containing many conditions including payment of a specified amount by the user to the Owner for use of the asset.
is mainly used for machinery.
is one of the ways resorted to by the companies
None of these

Validate

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