Asked by
Angela Gatbonton
on Nov 23, 2024
Verified
The legal responsibility for payment of property tax, even if provided for in the lease, rests with the lessee.
Property Tax
A levy on property that the owner is required to pay based on the value of the property.
Lessee
A person or entity that holds the lease of a property; essentially, a tenant who has the right to use property owned by another according to the terms of a lease agreement.
- Comprehend the fundamental rights and duties involved in a leasing contract.
Verified Answer
CC
Learning Objectives
- Comprehend the fundamental rights and duties involved in a leasing contract.