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.
Washington is a state in the Pacific Northwest region of the United States located north of Oregon, west of Idaho and south of the Canadian province of British Columbia, on the coast of the Pacific Ocean. Washington was carved out of the western part of Washington Territory which had been ceded by Britain in 1846 by the Oregon Treaty as settlement of the Oregon Boundary Dispute. It was admitted to the Union as the 42nd state in 1889.
Washington is the 18th most extensive and the 13th most populous of the 50 United States. Approximately 60 percent of Washington’s residents live in the Seattle metropolitan area, the center of transportation, business, and industry along the Puget Sound region of the Salish Sea, an inlet of the Pacific consisting of numerous islands, deep fjords, and bays carved out by glaciers. The remainder of the state consists of deep rainforests in the west, mountain ranges in the west, center, northeast and far southeast, and a semi-arid eastern basin given over to intensive agriculture. Washington is the second most populous state on the west coast and in the western United States after California.