Leasing is a process by which a firm can obtain the use of a certain fixed assets for which it must pay a series of contractual, periodic, tax deductible payments. The lessee is the receiver of the services or the assets under the lease contract and the lessor is the owner of the assets. The relationship between the tenant and the landlord is called a tenancy, and can be for a fixed or an indefinite period of time (called the term of the lease). The consideration for the lease is called rent. A gross lease is when the tenant pays a flat rental amount and the landlord pays for all property charges regularly incurred by the ownership from lawnmowers and washing machines to handbags and jewellry.
Under normal circumstances, a freehold owner of property is at liberty to do what they want with their property, including destroy it or hand over possession of the property to a tenant. However, if the owner has surrendered possession to another (the tenant) then any interference with the quiet enjoyment of the property by the tenant in lawful possession is unlawful. Similar principles apply to real property as well as to personal property, though the terminology would be different. Similar principles apply to sub-leasing, that is the leasing by a tenant in possession to a sub-tenant. The right to sub-lease can be expressly prohibited by the main lease.
North Carolina is a state located in the southeastern United States. The state borders South Carolina and Georgia to the south, Tennessee to the west and Virginia to the north. North Carolina is the 28th most extensive and the 10th most populous of the 50 United States.
North Carolina comprises 100 counties. Its capital is Raleigh, and its largest city is Charlotte. In the past five decades, North Carolina’s economy has undergone a transition from heavy reliance upon tobacco and furniture making to a more diversified economy with engineering, biotechnology, and finance sectors.
North Carolina has a wide range of elevations, from sea level on the coast to 6,684 feet (2,037 m) at Mt. Mitchell, the highest point in the Eastern US. The climate of the coastal plains is strongly influenced by the Atlantic Ocean. Most of the state falls in the humid subtropical climate zone. More than 300 miles (500 km) from the coast, the western, mountainous part of the state has a subtropical highland climate.