Asked by
Michael Padron
on Dec 01, 2024
Verified
A lease for office space is considered to be personal property.
Lease
A contract by which one party conveys land, property, services, or the use of assets to another party for a specified time, in return for a periodic payment.
Personal Property
Tangible and intangible assets owned by an individual or business that are not permanently attached to or part of real estate.
- Comprehend the legal principles governing the control and ownership of both personal and immovable assets.
Verified Answer
RD
Learning Objectives
- Comprehend the legal principles governing the control and ownership of both personal and immovable assets.