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Leasehold is a form of land tenure or property tenure where one party buys the right to occupy land or a building for a given time. As a lease is a legal estate, leasehold estate can be bought and sold on the open market. A leasehold thus differs from a freehold or fee simple where the ownership of a property is purchased outright and after ...
Bishop (formerly Bishop Creek) [ 5] is a city in California, United States. It is the largest populated place and only incorporated city in Inyo County. Bishop is located near the northern end of the Owens Valley and the Mojave Desert, at an elevation of 4,150 feet (1,260 m). [ 4] The city was named after Bishop Creek, flowing out of the Sierra ...
2600 Bishop Ranch Roundhouse Market & Conference Center. The property that is now Bishop Ranch was farmland deeded to Thomas Bishop, a lawyer, as payment for his work in the separation of a Mr. and Mrs. Norris in 1891. Over the following decades, Bishop and his family expanded the ranch with pear trees, walnut groves and herds of sheep.
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A commercial office/retail building. Commercial property, also called commercial real estate, investment property or income property, is real estate (buildings or land) intended to generate a profit, either from capital gains or rental income. [ 1] Commercial property includes office buildings, medical centers, hotels, malls, retail stores ...
Eastern Sierra Regional Airport. / 37.37306°N 118.36361°W / 37.37306; -118.36361. Eastern Sierra Regional Airport ( IATA: BIH, ICAO: KBIH, FAA LID: BIH) is two miles east of Bishop, in Inyo County, California, United States. The land is leased from the Los Angeles Department of Water and Power. The airport is owned and operated by ...
A lease is a contractual arrangement calling for the user (referred to as the lessee) to pay the owner (referred to as the lessor) for the use of an asset. [ 1] Property, buildings and vehicles are common assets that are leased. Industrial or business equipment are also leased. In essence, a lease agreement is a contract between two parties ...
In the field of commercial real estate, especially in the United States, a net lease requires the tenant to pay, in addition to rent, some or all of the property expenses that normally would be paid by the property owner (known as the "landlord" or "lessor"). [ 1] These include expenses such as property taxes, insurance, maintenance, repair ...
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