What does a lease excise estate meen?
Answers: A leased charge estate is established when an owner leases out a property. In return for rent the owner give up one of the rights of ownership, the right to occupy and use the property. All other rights are retained, including the right to sell the property. On expiration of the lease, the owner once again possesses full ownership rights. The lessee (renter) have a leasehold estate for the duration of the lease.
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