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Real Estate Glossary

What does Use (In a Lease) mean?

Use in a lease refers to the specific purpose for which a property is being rented or leased. The use of the property can be restricted by the terms of the lease, and the tenant is responsible for ensuring that the property is used only for the intended purpose. For example, a commercial lease may specify that the property can only be used for retail purposes.

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Artur
Real Estate Assistant