All of the following is usually included in a lease contract: responsibility of the parties,acceptance testing and inspection conditions,guarantee conditions and potential penalties.

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All of these elements are typically included in a lease contract. The responsibility of the parties outlines who is responsible for what in the lease agreement, acceptance testing and inspection conditions specify the conditions for taking possession of the leased property, guarantee conditions outline any warranties or assurances given by the lessor or lessee, and potential penalties include consequences for failure to meet the terms of the lease agreement.

All of the Following Is Usually Included in a Lease