Whois & Analysis for landsearch.com

A lease is a contractual arrangement calling for the (user) to pay the lessor (owner) for use of an asset.

Property, buildings and vehicles are common assets that are leased.

Industrial or business equipment is also leased.

A residential area is a land use in which housing predominates, as opposed to industrial and commercial areas.

In English common law, real property, real estate, realty, or immovable property is land which is the property of some person and all structures (also called improvements or fixtures) integrated with or affixed to the land, including crops, buildings, machinery, wells, dams, ponds, mines, canals, and roads, among other things.

The term is historic, arising from the now-discontinued form of action, which distinguished between real property disputes and personal property disputes.

Personal property was, and continues to be, all property that is not real property.

Commerce is the activity of buying and selling of goods and services, especially on a large scale.

The system includes legal, economic, political, social, cultural and technological systems that are in operation in any country or internationally.

An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then buying the item to the highest bidder.

The open ascending price auction is arguably the most common form of auction in use today.

Participants bid openly against one another, with each subsequent bid required to be higher than the previous bid.

An auctioneer may announce prices, bidders may call out their bids themselves (or have a proxy call out a bid on their behalf), or bids may be submitted electronically with the highest current bid publicly displayed.

In a Dutch auction, the auctioneer begins with a high asking price for some quantity of like items; the price is lowered until a participant is willing to accept the auctioneer's price for some quantity of the goods in the lot or until the seller's reserve price is met.

While auctions are most associated in the public imagination with the sale of antiques, paintings, rare collectibles and expensive wines, auctions are also used for commodities, livestock, radio spectrum and used cars.

In economic theory, an auction may refer to any mechanism or set of trading rules for exchange.