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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"
People also ask
What is a lease in real estate?
What is a lease agreement?
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What is a leased property?
Learn the meaning of lease as a noun and a verb, with synonyms, examples, and word history. Find out the legal and commercial uses of lease in different contexts and domains.
- What Is A Lease?
- Understanding A Lease
- Special Considerations
- Types of Leases
A lease is a contract outlining the terms under which one party agrees to rent an asset—in this case, property—owned by another party. It guarantees the lessee, also known as the tenant, use of the property and guarantees the lessor (the property owner or landlord) regular payments for a specified period in exchange. Both the lessee and the lessor ...
Leases are legal and binding contracts that set forth the terms of rental agreements in real estateand real and personal property. These contracts stipulate the duties of each party to effect and maintain the agreement and are enforceable by each. For example, a residential property lease includes: 1. The property address 2. Landlord and tenant res...
Consequences for breaking leases range from mild to damaging, depending on the circumstances under which they are broken. A tenant who breaks a lease without prior negotiation with the landlord faces a civil lawsuit, a derogatory mark on their credit report, or both. As a result of breaking a lease, a tenant may encounter problems renting a new res...
Beyond residential leases, tenants who lease commercial properties have a variety of lease types available, all of which are structured to assign more responsibility on the tenant and provide greater up-front profit for the landlord. Some commercial leases require the tenant to pay rent plus the landlord's operational costs, while others require te...
Learn the meaning of lease as a verb and a noun in English, with synonyms, related words and phrases, and examples from different contexts. Find out how to pronounce lease and how to use it in business, law, and renting situations.
noun. 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.
May 31, 2022 · A lease is a contract that allows you to rent a property for a certain period of time. Learn how leases work, see examples of different types of leases, and compare the advantages and disadvantages of leasing versus buying.
2 days ago · Learn the meaning of lease as a noun and a verb, with synonyms, pronunciation, and usage examples. Find out how lease is used in different contexts, such as property, car, or textile.
Learn the meaning of lease as a noun and a verb, and see how to use it in sentences. Find out the difference between lease and rent, and explore the idioms related to lease.
