North Carolina General Statutes 14-168.2. Definitions
Current as of: 2023 | Check for updates
|
Other versions
For the purposes of this Article, the terms “rent,” “hire” and “lease” are used to designate the letting for hire of any horse, mule or other like animal, or any buggy, wagon, truck, automobile, aircraft, motor, trailer, appliance, equipment, tool, or other thing of value by lease, bailment, or rental agreement. (1965, c. 1073, s. 5.)
Terms Used In North Carolina General Statutes 14-168.2
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC