Define: Atilium

Atilium
Atilium
Full Definition Of Atilium

Atilium is a legal term that refers to a specific type of contract or agreement. It is a Latin term that means “to lease” or “to rent.” In legal terms, Atilium is used to describe a contract where one party (the lessor) agrees to lease or rent out a property or asset to another party (the lessee) for a specified period of time and for a predetermined amount of rent.

The Atilium contract typically outlines the rights and obligations of both the lessor and the lessee. It includes details such as the duration of the lease, the amount of rent to be paid, any additional fees or charges, and any specific terms or conditions that both parties must adhere to.

Atilium contracts are commonly used in real estate transactions, where a property owner leases out their property to a tenant. However, they can also be used for other types of assets, such as vehicles or equipment.

In summary, Atilium is a legal term that refers to a lease or rental agreement between a lessor and a lessee. It outlines the terms and conditions of the lease, including the duration and rent amount, and is commonly used in real estate and other asset leasing transactions.

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This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 29th March 2024.

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