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Lease

The following provides a definition and meaning for the term Lease:

Definition - the strict definition

A contract by which one party conveys land, property, services, etc., to another for a specified time, usually in return for a periodic payment.

Meaning - how it relates to pharmacy sales

A Lease is a contract between lessor (landlord) and lessee (tenant) for exclusive possession of realty for specified period under specific terms after which property reverts to lessor.



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