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- DictionaryLease/lēs/
noun
- 1. a contract by which one party conveys land, property, services, etc. to another for a specified time, usually in return for a periodic payment: "a six-month lease on a shop"
verb
- 1. grant (property) on lease; let: "she leased the site to a local company"
The meaning of LEASE is a contract by which one conveys real estate, equipment, or facilities for a specified term and for a specified rent; also : the act of such conveyance or the term for which it is made.
a contract renting land, buildings, etc., to another; a contract or instrument conveying property to another for a specified period or for a period determinable at the will of either lessor or lessee in consideration of rent or other compensation. the property leased. a five-year lease.
LEASE definition: 1. to make a legal agreement by which money is paid in order to use land, a building, a vehicle, or…. Learn more.
Apr 9, 2022 · A lease is a legal, binding contract outlining the terms under which one party agrees to rent property owned by another party. It guarantees the tenant or lessee use of the property...
May 31, 2022 · Definition. A lease is a contract between two parties that outlines the terms for renting a property. Learn how a lease works and how it will impact your finances.
to use a building or piece of land, or to allow someone to use a building or piece of land, in exchange for money: We want to lease some office space in the centre of town. They leased the land to a local company.
A lease is a legal agreement under which someone pays money to another person in exchange for the use of a building or piece of land for a specified period of time. He took a 10-year lease on the house.
