1.   Operating leases are more in the nature of true rentals than a means to finance the long-term use of an asset.

2.   Such leases are therefore a useful source of genealogical information.

3.   Thus an express term that a transaction is not intended to be a lease but is intended to be a licence will not be given effect.

4.   A lease will usually be a wasting asset for the purposes of capital gains tax when its duration does not exceed fifty years.

5.   If the lease is silent on the point, either party may apply.

6.   This lease is of course a lease of part of the building and therefore the structure has been excluded.

7.   Although the lease is small it is significant.

8.   Although Gov. Christine Todd Whitman has expressed hope that a new lease can be renegotiated, she has continuously noted that the lease is a binding contract.

9.   Among the suggested inducements were auto leases for two staff members and country club initiation fees for at least three staffers.