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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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2 days ago · A fundamental difference between a lease and licence agreement is that only a lease can grant the right of exclusive possession to land or premises. This is where the tenant has permission to exclusively use and occupy the premises.
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1 day ago · Residential leases are tenant contracts that define in clear, thorough terms the expectations between landlord and tenant, including rent, rules regarding pets, and duration of agreement. A strong, well thought out, and well-worded lease contract can help ensure both parties’ best interests are protected, as neither can alter the agreement without written consent from the other.
2 days ago · An agreement for lease is a binding agreement between a landlord and prospective tenant. It sets out the rights and obligations of parties and limits the potential of disputes arising. An agreement for lease is most commonly used when premises are not yet ready to be leased because they are still under construction.
2 days ago · What is a Finance Lease? A finance lease involves the lessor (a person or group who leases money to another, usually a finance company in these situations) purchasing an asset such as equipment or a vehicle and then leasing it to the lessee (a person who has a right to use the item being leased) for a specified amount of time.
5 days ago · A lease agreement is a contract between a lessor and lessee for property use, outlining conditions, rent, responsibilities, and termination terms. It does not grant ownership to lessee. Contents include parties' details, rent amount, utilities, rules, deposits, repairs, duration, property use, insurance, and maintenance responsibilities.
5 days ago · The meaning of USE AND OCCUPATION is an action in which the owner of property seeks compensation for use and occupation of the premises by another (as a tenant remaining in possession after expiration of a lease).
4 days ago · Find out what is a remnant land and how you can purchase remnant land to add value to your adjoining private lands. MANAGEMENT OF LAND SALES. Find out how SLA assists the Government in managing its land sales system. Contact Us. You may submit your feedback here.