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- Dictionarylease/liːs/
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" Similar Opposite
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a legal agreement in which you pay money in order to use a building, piece of land, vehicle, etc. for a period: He has the house on a long lease. The lease runs out/ expires in two years ' time. We signed a three-year lease when we moved into the house. SMART Vocabulary: related words and phrases.
- English (US)
LEASE meaning: 1. to make a legal agreement by which money...
- Leasehold
LEASEHOLD definition: 1. the legal right to live in or use a...
- Znaczenie Lease, Definicja W Cambridge English Dictionary
LEASE definicja: 1. to make a legal agreement by which money...
- Lease Spanish Translation
LEASE translate: alquilar, contrato de arrendamiento,...
- Lease: Arabic Translation
LEASE translate: عَقد الإيجار, يَستَأجِر. Learn more in the...
- Lease: Italian Translation
lease translate: contratto d’affitto, locazione, affittare,...
- Lease: German Translation
lease translate: der Mietvertrag, (ver)mieten. Learn more in...
- Lease: Malay Translation
LEASE translate: pajakan, menyewa. Learn more in the...
- English (US)
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. How to use lease in a sentence. Synonym Discussion of Lease.
- 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...
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.
1. a contract by which one party ( landlord, or lessor) gives to another ( tenant, or lessee) the use and possession of lands, buildings, property, etc. for a specified time and for fixed payments. 2. the period of time for which such a contract is in force. a two-year lease.
noun. /liːs/ Idioms. a legal agreement that allows you to use a building, a piece of equipment or some land for a period of time, usually in return for rent. to take out a lease on a house. The lease expires/runs out next year. Under the terms of the lease, you have to pay maintenance charges. Wordfinder. Collocations Moving house. Extra Examples.
lease. verb [ T ] uk / liːs / us. 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.