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Leases are of varied types mainly (i) a monetary lease and (ii) an working lease. The financial lease is lengthy-term and non-cancellable contract the place the consumer assumes among the dangers of possession and has the fitting to maintain the property or get it transferred to its own title after fulfilling the required circumstances. In working lease, the proprietor switch only the suitable to make use of the property which is returned again at the finish of the lease.
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