North Dakota Code 47-16-01 – Leasing of real property – Definition
Current as of: 2023 | Check for updates
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Leasing is a contract by which one gives to another the temporary possession and use of real property for reward and the latter agrees to return such possession to the former at a future time.
Terms Used In North Dakota Code 47-16-01
- Contract: A legal written agreement that becomes binding when signed.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.