Securities

In the context of real estate leases, these are guarantees or other forms of financial security provided by the lessee to the lessor to secure the performance of obligations under the lease agreement. Common forms of security are refundable deposits, bank guarantees or written assurances from third parties. The purpose of security is to protect the lessor against potential financial losses arising from the lessee's failure to meet its contractual obligations, for example in the event of non-payment of rent or damage to the leased asset.

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