Name: Brill & Meisel
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Firm Size: 7
Practice Areas: Real Estate Investment, General Practice, Finance, Leasing, Development, Cooperative Association Law, Condominium Association Law, Litigation, Land Use, Workouts, Mortgage Financing, Civil Litigation, Employment Law, Corporate Law.
Location: New York (New York Co.)
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. 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.