Broadly put, a lease agreement is a contract between two parties, the lessor and the lessee. The lessor is the legal owner of the asset; the lessee obtains the right to use the asset in return for regular rental payments.
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This means that you use the name of the genus followed by the specific epithet. It's the nâ¦ame of the genus that is always capitalized, so Homo sapiens (modern humans) or Metasequoia glyptostroboides (dawn redwood). It is also important to either use italics or to underline the full species name.