The temporary transfer of a possession to another person in return for a fee or other valuable consideration paid for the transfer;
A demise or letting of lands, tenements, or hereditaments to another for life, for a term of years, or at will, or for any less interest than that which the lessor has in the property, usually for a specified rent or compensation.
The contract for such letting.
Any tenure by grant or permission; the time for which such a tenure holds good; allotted time.
A tenancy agreement for a set period of time, for example six months or a year.
A contract whereby the lawful owner of the property transfers his rights of use and possession to another for a specified term.
This type of lease is a fee for the use of equipment. Responsibility for maintenance, upgrades, etc., may vary, but tend to remain with the lessor. Title is maintained by the supplier.
When you buy a car and finance it, you own the car and are purchasing it from the dealer. When you lease a car, the leasing company is purchasing the car from the dealer and you are leasing the car from the leasing company for a specified monthly payment over a specified period of time.
Agreement document setting out terms and conditions between landlord and tenant
A contract between an owner (lessor) and a tenant (lessee), setting forth the compensation, terms, and conditions upon which the lessee may occupy or use property, real or personal, of the lessor. This may include the right to engage in exploration for and production of oil, gas, or other minerals.
(1) A contract through which an owner of equipment conveys the right to use and possess its equipment to another party in exchange for rental payments. (2) An agreement under which a party receives the possession and use of property for a certain period of time and the grantor receives the payment of rent and/or the performance of other conditions.
A contract in which, for a payment called rent, the one entitled to the possession of real property (lessor) transfers those rights to another (lessee) for a specified period of time.
A contract in which the owner of a piece of property gives someone else exclusive use of it in exchange for a sum of money for a specific period of time.
A long-term agreement which permits the holder to produce oil from the oil sand.
A lease is a contract by which a property owner grants exclusive use of property or assets for an agreed period.
A lease differs from a rental in that the customer is obligated to a specific term of payments. This term may not be shortened without penalty for early termination.
A method of acquiring a vehicle where one does not actually own the vehicle at the conclusion of the contract. Two types of automotive leases exist, Open End Lease or Closed End Lease. Under an Open End Lease arrangement the lessee is responsible for the difference between the vehicles current actual market value at the end of the lease and the residual value. Also known as a ""finance"" lease. A Closed End Lease is a method of leasing in which the lessee is not responsible for the value of a vehicle when the lease is concluded. Under this arrangement the lessee may return the vehicle at the end of the term and have no further obligation for the car. Also known as a ""walk-away"" lease. Many different types of calculation methods can affect the resulting payment one will make when financing a lease.
A contract between parties dealing with the use and occupancy of real estate.
An arrangement between the Lessor and Lessee for a specific length of time, use, and payment usually in excess of 6 months.
A lease is where a person can pay to use an automobile for a certain time period but they never own the vehicle.
An agreement to pay money in exchange for use of property.
Contract between two people regarding the use by one of the real or personal property of the other.
A contract providing for the use of property in which one party (the owner, landlord, or lessor) allows another party (the tenant or lessee) to use the property in exchange for value given to the lessor. May cover either real or personal property. Long-term, noncancelable leases, called capital leases, must be carried on the lessee's balance sheet as liabilities under GAAP. When they are recorded on the lessee's balance sheet, they are said to be capitalized. Short-term, cancelable leases, sometimes called operating leases, do not have to be capitalized.
A contract or agreement for the occupancy or use of one party's property by another for a specified period of time and in exchange for monetary or other compensation; a rental agreement.
Form of contract transferring the use of a vehicle in consideration of payment.
A contract conveying from one person (lessor) to another (lessee) real estate or personal property for a term in return for a specified rent or other compensation.
The lease is a document which contains the rights and the covenants (rules) on behalf of both the landlord and the tenant which regulate the use of the property.
A rental agreement, usually in writing, that establishes all the terms of the agreement and that lasts for a predetermined length of time (for example, six months or one year). For landlord protection, see The LPA Lease
The formal legal document entered into between a Landlord and a Tenant to reflect the terms of the negotiations between them; that is, the lease terms have been negotiated and agreed upon, and the agreement has been reduced to writing. It constitutes the entire agreement between the parties and sets forth their basic legal rights.
A rental agreement for an asset. There are two kinds of leases: Capital Leases and Operating Leases.
An agreement between two parties allowing one party to use an asset (eg. property) owned by the other party, for a specified time period, in return for a series of payments.
a written legal agreement through which a tenant gets the right to occupy and use a property in return for a specific amount of money or rental.A lease is usually determined for a specific timeframe.
A document by which a landlord grants a tenant the right to occupy property for a fixed period, usually in return for a capital sum or payment of rent.
The conferring by one person (the lessor) upon another (the lessee) of a right to exclusive possession of certain land for a definite period in return for rent; also the deed giving effect to such a transaction.
A rental agreement with two parties 1) A tenant (lessee) and 2) A landlord (lessor).
the right to use property for a certain number of years in return for payment (verb and noun).
A contract by which one person divests himself of possession of lands or chattels and grants such possession to another for a period of time.
An oil sands agreement which grants rights to develop and use oil sands resources. Two types of leases are exist under the Oil Sands Tenure Regulation: primary and continued.
The legal contract that specifies the terms and conditions of the business relationship between an oil company and the landowner or mineral rights holder on a particular tract.
A document executed by the registered owner of fee simple lands allowing a second party to occupy their lands for a specific duration. Must be for a term of more than 10 years if the lessor wishes a leasehold title to issue. Must be for a term of more than 3 years to register as a lease within the system.
A contract by which the owner of the mineral rights to a property conveys to another party, the exclusive right to explore for and develop minerals on the property, during a specified period of time.
Any transaction in which the owner of operating rights in a property assigns all or a portion of these rights to any other party.
Negotiated contract involving the temporary usage of technology (usually hardware) between a vendor and an organization.
An agreement by which real estate is rented for a fixed period of time.
When someone leases a car from a dealer, the dealer actually sells the vehicle to a leasing company. The leasing company then collects payments for the vehicle from the new owner for 24, 36, 48 or more months. A leasing company can be an independent car dealer or a car manufacturer.
Term agreement for use of property. Example: Car lease or Apartment Lease. No equity is built in a lease agreement and the property needs to be returned when the term is up.
This is an agreement or contract, which is written out by the finance leasing company.
A mutual deal where the owner of any property (building, car, machinery etc) allows the second person to use his asset, but charges rent for using.
A contract through which an owner of equipment conveys the right to use the equipment, for a fee, to another party.
A written contract or agreement by which one party transfers a vehicle to another with a specified term and payment.
A legal document which outlines the responsibilities and parameters between a landlord and a tenant.
A document granting tenancy of a property for a specified period.
A legal contract covering the use of property between the owner (lessor) and another (lessee) at a given rent, for a stated length of time.
An arrangement in which the lessee receives the use of a car (or other asset) in exchange for making monthly lease payments for a specified period of time.
A document setting out the rights and obligations of the Landlord and Tenant (Lessor and Lessee) in the leasehold arrangements
An extended rental agreement which gives a person the use of a product or object of value without owning it.
The landowner and the land trust sign a formal lease specifying a price and a length of time in which the trust manages the property according to the terms of the lease.
an agreement whereby the owner rents goods to the user. It must have a residual amount, which represents the potential sale price of the goods at the end of the lease.
A contract granting possession of land or a specified part of a building for a specified time in exchange for rent.
A contract between property owner and tenant specifying the conditions under which the tenant may occupy and use the property.
Agreement between the owner of land and another for the use and occupation of the land.
An agreement between the owner of the property ( lessor) and the user ( lessee) for the use of a leased vehicle subject to stated terms and conditions for a certain length of time and for an agreed upon payment.
These are now called "residential tenancy agreement". Most estate agent use both terms (as do I).
An agreement between two parties under which one is granted the right to use the property of the other for a specified period of time in return for a series of payment by the user to the owner.
An agreement between parties allowing one party to have a temporary interest in property and to use the property in accordance with the agreement. Leases generally allow parties to use the land as if they are the owner. However in Australia, pastoral leases may not give such broad and expansive rights. Leases will mostly have a termination date, at which time the leased rights in the property return to the owner. (For more detailed information click here)
contract under which the owner of a property (lessor or landlord) grants to another person (lessee or tenant) the right to exclusive possession of the property for an agreed period, usually in return for rent.
Contract in which one party pays rent in exchange for possession.
An agreement in which the owner of a property (i.e., landlord/lessor) gives the right of possession to a tenant/lessee for a specified period of time (i.e., term) and for a specified rent.
The lending out of an asset or funds against the security of an asset (usually in the form of property, plant and equipment) in return for periodic payments.
A legal contract between a lessor and lessee outling the conditions of the use of the lessor's property to the lessee. This contract usually is for a stated time and includes a stated price.
An instrument granting sole possession of property to another person for a specified period and under specific conditions. The person who grants the lease is the Landlord and the person in possession is the Tenant. A tenant could also become a "Landlord" by sub-leasing the property to another tenant.
a long-term (36 months or more) contractual obligation for the use of equipment at an agreed rental rate where the equipment serves as collateral.
If you lease a car you don't actually own it. You pay a monthly fee to use the car. At the end of the term you return the car and walk away or you can buy it for the residual amount.
Contract between lessor and lessee for the use of a vehicle for a specified amount of time and amount.
Contract between landlord and tenant. Oral or written.
A contract in which the legal owner of property or other asset agrees to another person using that property or asset in return for a regular specified payment (known as rent) over a set term. In addition to buildings, other items such as cars and computers are often leased in order to avoid capital costs in the running of a business.
A long-term contract granting use of real estate, equipment or other fixed assets in exchange for payment. All leases entered in the Property, Plant and Equipment Detail are considered capital leases; operating leases should be entered as expenses in the Expenses Detail. See also mortgage.
the contractual agreement (which may be formal or informal) for the temporary use of land.
Acquiring the control of an asset (e.g., land machinery) by renting for a specified period of time. A rental payment is made by the lessee (or tenant) to the lessor (or landlord) to cover the lessorâs cost of ownership. Examples include operating leases, financial leases, real estate leases and custom hiring.
An agreement involving payment of rent for possession of real estate for a specific period of time.
An agreement between a landlord (lessor) and a tenant (lessee) by which a landlord gives the right of possession to a tenant for a specified period of time (term) for a specified consideration (rent).
is a multiple year rental agreement for a piece of equipment or property. If the State acquires ownership of the property at the end of the lease agreement, it is called a capital lease.
It is a written contract by which one party transfers a vehicle to another for a specified term and for a specified payment.
A contract granting you the use (e.g. a car) or occupation (e.g. a house) of property during a specified time for a specified payment.
A written document vesting exclusive possession, control of and responsibility for the operation of the vehicle to the lessee for a specific period of time.
A contractual agreement between the owner and the tenant which allows the tenant the use and occupancy of the property for a specified period of time. A lease is an encumbrance against a title and gives the tenant an actual interest in the property known as an estate for years.
A lease is a contractual document in which one party (The Lessor) conveys the use of an asset to another party (The Lessee) for a specific length of time (lease term) at a predetermined schedule of payments (usually monthly).
An oral or written agreement (a contract) between two persons concerning the use by one of the property of the other. A person can lease real estate or personal property such as a car or a boat. The lease should cover basic issues such as when the lease will begin and end, the rent or other costs, how payments should be made, and any restrictions on the use of the property. The property owner is called the lessor and the person using the property is called the lessee. In domestic leases sometimes the parties are called landlord and tenant. Different laws may cover different types of leases. Retail leases in New South Wales are covered by the Retail Leases Act which has its own special provisions in relation to the way in which the lease is to be entered into.
A contract allowing property rental.
Is where the registered proprietor grants the right of exclusive possession over his land to another for a duration in excess of three years in return for payment of rental.
A contract conveying from one entity to another the use of real or personal property for a designated period of time in return for payment or other consideration.
means a leasehold patent. A conveyance or grant of possession of land for a set length of time. There is usually a requirement to pay rent. The Minister's consent for transfer and renewal of mining leases; and also for getting a mortgage on a lease. LEASEHOLD - land held under a lease.
is a type of finance where the lender continues to own the item but the person leasing has possession of it for the term of the lease. At the end of the lease term the item is returned to the lender.
A contract wherein a landlord gives a resident the right of use and possession of property for a limited period of time in return for a rate of rent which is not to be changed during the period of the lease.
A contract between an owner and tenant for the possession of real property that sets forth conditions for occupancy, use, and duration of the tenancy.
A long-term agreement. An agreement on a mutually beneficial basis between a lessee and a lessor. The agreement gives the lessor a guarantee, that his estate will be leased, and it guarantees the lessee, that the estate will be leased to him and not to anybody else.
A lease ownership or Right-To-Use ownership that grants the lessee the right to use the property for a specified period of time (from 20 to 99 years). A resort developer or management company owns the property. Leasehold properties are found in locations such as Hawaii and Mexico.
A document granting possession of a property for a stated period without transferring ownership. The lease document specifies the terms and conditions of occupancy by the tenant, including period of occupancy, rent payable etc.
An agreement granting or letting the possession of land, building, machinery, personal property, etc., for a fixed or indeterminate period, for a stated consideration usually known as rent.
Document granting a period of tenancy of a property and specifies terms and conditions
The contractual document setting out the agreement reached between landlord and tenant.
A contract between a property owner (Lessor) and another party (Lessee) in which the parties agree that the Lessee shall be entitled to possess and use the Lessor's property for a specified period of time and under specified conditions in return for the payment of money called RENT.
the old name for what is now called a residential tenancy agreement. In this guide we use both terms to refer to the tenancy agreement between a landlord/agent and tenant(s).
A contract through which the owner of the equipment (lessor) conveys the right to use its equipment to another party (lessee) for a contracted period of time, (term) in return for specified rental amounts (rentals).
a contract renting land, homes, buildings, etc for a specified period of time.
This is a legally binding agreement by the freeholder or 'landlord' allowing someone else to occupy property for a defined period, provided they pay rent. Usually contains many other conditions with which the 'leaseholder' or 'tenant' has to comply or the lease can be terminated by the landlord. The tenant's rights under the lease can usually be sold on to a buyer, who then himself becomes the tenant for the remainder of the 'term'. If the Lease allows this, a tenant can create a lease himself in favour of a sub-tenant who will himself be the tenant's tenant. This is fairly common with business property and in larger cities.
a grant of real property to a tenant for a specified number of years or lives of people.
A contract for the possession and profits of real estate in return for rent. The property owner is the lessor, the tenant is the lessee.
A grant of possession of property for a number of years at specific rentals and subject to specific conditions
An agreement that conveys the right to use an asset, usually for a specified purpose and duration, and for an agreed cost.
An agreement granting the use or occupancy of land during a specified period in exchange for rent.
Contract by which the owner of an asset lets it out for use to another for a specified time on payment of a specified amount called rental.
A legal document signed by both the landlord and the tenant specifying the details of the tenancy.
A contract between a landlord and a tenant conveying the use and/or occupation of the landlord's property.
A contract that grants you use of a vehicle for a certain amount of time. You will have monthly payments similar to a car loan. You will have the option of buying the car at the conclusion of your lease.
Some states and some foreign countries do not allow deeded ownership of timeshares. Alternatively, a lease ownership or right-to-use (RTU) ownership grants the leasor the right to use the property for a specified period of time; usually from 20 to 99 years. Ownership of the physical property is held by the resort developer or management company. Most properties in Hawaii, for instance, are leasehold properties. The same is true in Mexico.
A contract for the occupation of a property.
A lease is a contract in which the owner of a property allows another person to occupy the property for a specified period of time in exchange for monthly rent.
A written agreement between an owner and the tenant of a property stipulating the conditions for possession and use of real estate for a specified period of time and rent.
An agreement which creates a landlord – tenant situation.
Contract in which we purchase the asset selected by you and convey the use of that asset to you for a specific period of time at a predetermined rate.
a rental agreement, usually in writing, that establishes all the terms of the agreement and that lasts for a predetermined length of time (for example, six months or one year). Compare to periodic rental agreement.
A legal contract granting exclusive use of a property to a tenant for a specified period of time. (see Gross Lease, Net Lease, Triple Net Lease)
A written or oral contract between a property owner and a tenant that transfers the right to exclusive possession and use of a property to the tenant for a specific period of time for a stated consideration called "rent".
grant of property for a specified amount of time, usually a term of years
An agreement for the rent of a particular, tangible asset.
A legal contract conveying the use of property from the owner (lessor) to another (lessee) at a fixed rate, for a stated length of time.
A form of financing in which you can use a vehicle for a period of time in exchange for making payments to the leasing company. In a lease, the leasing company continues to own the vehicle.
an agreement to rent space by a lessor ( owner ) to a lessee ( tenant ) in exchange for rent payment.
The contract / agreement between a Lessor and lessee that sets out each party's rights and obligations.
A contract by which the owner of property (which can be a building, a car, an item of machinery, etc) allows another person to use it, in return for rent being paid
A contract by which the owner of property (lessor) grants to another (lessee) the right to possess and use the property for a specified period of time in exchange for a stipulated periodic payment.
A contract whereby, for a consideration (usually termed rent), one who is entitled to the possession of real property transfers such rights to another for life, for a term of years, month to month or at will.
legal arrangement between a land holder and an occupier for a defined period usually for payment of rent
A document which grants a person/s tenancy of a property. A specific period and terms and conditions will apply. Contact the Managing Agent for details.
An agreement for renting real property. A lease is usually written and for a set term, such as one year. A residential rental agreement can be oral and is presumed to be month-to-month.
Vehicle was registered as lease vehicle.
Charter setting out the terms and conditions of leasehold, especially the duration of the leasehold. This usually includes payment of an annual ground rent.
A grant of the use of lands for a term of years in consideration of the payment of a monthly or annual rental.
A contract for the use and possession of land; buildings or parts thereof for a specified time and cost.
The agreement between a landlord and a tenant detailing the terms of occupancy and payments, and the most important document for a measurer to understand before doing any floor area measurements.
A transaction in which use and possession but not title to tangible personal property is transferred for a consideration.
Temporary transfer of the right to use a land or premises from a landlord to a tenant in exchange for rent.
a contract that allows for the use and/or occupation of property in exchange for a specified rent.
An agreement between a renter and a property-owner for use of the property. Leases should outline the rights and responsibilities of both the lessee (renter) and the lessor (property-owner).
A property that is encumbered by a lease.
A contract between a property owner and a tenant specifying the payment amount, terms and conditions, as well as the length of time the contract will be in force.
A vehicle that is basically rented from a dealership for a set period of time with an option to buy the vehicle at the end of the lease period.
As a noun, a contract or agreement between a landlord and a tenant. As a verb, to rent a premises (apartment, house, etc.) For a specific period of time.
A legal right to occupy and use a property for a defined period. Granted by the freeholder. For property, the original lease is sometimes called the 'head lease'.
An agreement by which an owner of real property (lessor/grantor) gives the right of possession to another (lessee/grantee) for a specified period of time and for a specified consideration.
There are some states and some countries do not allow deeded ownership of timeshares. Therefore, a lease ownership or Right-To-Use (RTU) ownership grants the leasor the right to use the property for a specified period of time.This ca be anywhere from 20 to 99 years. Ownership of the actual property is held by the resort developer company or management company. Most properties in Hawaii and Mexico are leasehold properties.
A legal contract where the owner (lessor) gives another party (lessee) the right to use a piece of equipment for a specified time in exchange for periodic payments.
The legal document that details the agreement between the freeholder and those who occupy their property for a specified period of time and at an agreed price or rental. It's often full of legal jargon and is the document to turn to if you want to know what responsibilities the landlord has and whether you have the right to keep a pet in your new home.
An agreement by which the owner of a property (the "lessor") grants the right of possession to a tenant (the "lessee") for a specific period of time (the "term") for a predetermined amount of money (the "rent"). A "leasehold estate" is the space occupied by the tenant. Common types of leases include: • A straight, or flat, lease, which stipulates that the same periodic payment (usually monthly) be made for the entire term of the lease.• A percentage lease, which uses a percentage of the net or gross sales to determine the monthly rent. This is most often used in retail properties and with a minimum base rent.• A net lease, which requires the tenant to pay maintenance, taxes, insurance and so on, along with a fixed rent. This is also called "net-net-net" or "triple net."
An agreement between two or more parties where the owner of the surface and/or mineral rights grants another party the right to drill and produce petroleum substances in exchange for payment.
A contract between a lessor who owns the asset and the lessee who uses the asset, where the lessor provides temporary possession and full use of the asset to the lessee, for a specified period of time, in exchange for rent payments.
A written or an oral contract between a landlord (the lessor) and a tenant (the lessee) transferring the right to exclusive possession and use of the landlord's real property to the lessee for a specified period of time and for a stated consideration (rent).
A no/yes field to indicate if there is currently a lease on the property.
A lease is a legal contract specifying the length of time a tenant will occupy a particular property. If the tenant moves out prior to the ending date specified on the lease, the tenant is still responsible for the rent until the end date specified on the lease.
A lease grants the purchaser the right to use the property for a specified period of time allotted in their contract. The usual lease term is from 30 to 99 years. The management or resort entity holds ownership of the resort property.
Agreement or contract between two parties, for example, a landlord and a tenant. See HOUSING.
A written document containing the conditions under which the possession and use of real and/or personal property are given by the owner to another for a stated period and for a stated consideration.
A contract between the owner of real property, called the lessor, and another person referred to as the lessee, covering all conditions by which the lessee may occupy and use the property.
written contract for the renting of property over time for which the property is rented. [D02950] PMDT
A contract between lessor and lessee for a specified time period and a specific payment. The title to the car remains in the name of lessor as owner unless and until the lessee exercises his/her purchase option.
A contract by which one party gives to another party the use of property or equipment, (e.g. containers), for a specified time against fixed payments.
An agreement whereby the owner of real property (i.e., landlord/lessor) gives the right of possession to another (i.e., tenant/lessee) for a specified period of time (i.e., term) and for a specified consideration (i.e., rent).
An agreement, written or unwritten, transferring the right to exclusive possession and use of real estate for a definite period of time. To create a valid lease, the lessor must retain a reversionary right; that is, the lessor (landlord) must grant the right of possession to the lessee (tenant) but retain the right to retake possession after the lease term has expired. ( See landlord , tenant)
A written agreement between a property owner and a tenant. This agreement allows the tenant to use the property in exchange for rent, usually for a specified period of time. Vehicle leases are similar to leasing property because it is also a written agreement that allows the customer to use a vehicle in exchange for payments over a specified period of time.
A contract whereby use or occupation of property during a specified amount of time in exchange for a specified amount of rent is granted.
A written agreement to rent a property or part of a property from the owner. Sets out premises rented ("demised premises"), amount to be paid, payment period, and other rights and obligations of the landlord and tenant.
You know all about this if you have rented an apartment, or had tenants reside in a place that you own. A lease is a written agreement between the property owner and a tenant that stipulates the payment and conditions by which the tenant may possess the real estate for a specified time.
A contract that allows you the right to use or occupy property (a car or apartment, for example) over a specific length of time, during which you make regular payments and after which you do not own the property.
Type of legal agreement establishing a property owner-tenant relationship.
A document granting a period of tenancy of a property under specific terms and conditions.
A contract with rights and obligations between freeholders and tenant. The freeholder grants the tenant a leasehold interest in the land.
A written document in which the rights to use an occupancy of land or structures are transferred by the owner to another for a specific period of time in return for a specified rent.
A contract between an owner and tenant, setting forth conditions upon which tenant may occupy and use the property.
A written legal document in which possession of a property is given by the owner (lessor) to second party (lessee) for a specified time and for a specified rent, and setting forth the conditions upon which the lessee may use and/or occupy the property.
The conveyance of land, buildings or equipment or other assets from one person (lessor) to another (lessee) for a specific period of time in return for rent or other consideration.
Binding contract between a landlord (lessor) and tenant (lessee) for the occupation of premises or land for a specific period of time and a financial or other consideration.
document in which the owner of a freehold property lets out their premises to a named party at a certain price and for a specified time
A legal document by which the freehold (or leasehold) owner of a property lets the premises or a part of it to another party for a specified length of time.
In localities where the deeded ownership of vacation properties is not permitted by law, it is standard practice for a resort developer or a management company to lease timeshare properties. Also known as a right-to-use agreement, the lease is usually good for a period from twenty to ninety-nine years.Timeshare properties in Mexico and Hawaii are very likely to be leasehold properties.
A contract or written agreement, which grants possession of a specific property or part of a building for a specified period of time in exchange for rent.
An agreement between two parties (grantor and grantee) where one contracts with the other to rent, use, or posses, for a specified amount and period of time, real estate or buildings.
Any agreement which gives rise to the relationship of landlord and tenant; contract for exclusive possession of lands for a determinate period.
A contract in which one party conveys the use of an asset to another party for a specific period of time at a predetermined rate.
A legally binding, contractual agreement between landlord and tenant for the occupancy of a rental unit. A good lease stipulates all terms and conditions of the landlord-tenant relationship.
A legal document to show an agreement between the owner (landlord) and the renter of an apartment or other property.
The borrower is allowed to use the item or property for a limited amount of time for a monthly fee, but they do not own the item or property.
A document that grants the lessee a property interest in land or minerals, with an exclusive right to occupy the land or to mine the minerals.
An oral or written agreement (a contract) between two people concerning the use by one of the property of the other. A person can lease real estate (such as an apartment or business property) or personal property (such as a car or a boat). A lease should cover basic issues such as when the lease will begin and end, the rent or other costs, how payments should be made, and any restrictions on the use of the property. The property owner is often called the "lessor," and the person using the property is called the "lessee."
An agreement that the one who owns or controls property, a lessor, makes with a lessee. It allows exclusive transfer of possession for a specified period of time in return for rent, which is the regular payment made by the lessee, as tenant, for the right to occupy and use it.
An agreement between two parties, where one party is the owner of certain property and grants to another party the right to possess, use and enjoy such property for a specified period of time in exchange for periodic payment of a stipulated price, referred to as rent.
A document made between a landlord and a tenant, setting out the terms of occupation of a property
a lease can have a number of meanings. Sometimes it is the agreement entered into between the owner of land, a building or part of a building (the landlord) and the person who wishes to rent it from him (the tenant) and which sets out the terms of the occupation - rent, rights, extent of the property, etc. Also, it can be the name given to the actual document entered into between a landlord and a tenant. Alternatively, a lease can be an agreement by one person for the hire of goods or machinery from another person in return for the payment of a hire charge.
A legal document executed between a landowner, as lessor, and a company or individual (as lessee) that conveys the right to exploit the premises for minerals or other products for a specified period of time over a given area.
A term under English law to describe a document outlining the terms and conditions of the use of a leasehold property.
A lease is an interest in land which gives the tenant the right to exclusive possession of the land for a period of time, usually in return for rent.
A lease is an agreement between a landlord, property owner or property manager and a tenant. The agreement covers issues such as rental amount and length of time the lease is in effect. The rental amount may include or exclude property taxes, garbage pickup fees, utility costs, property maintenance and other expenses.
A contract through which an owner of equipment (the lessor) conveys the right to use its equipment to another party (the lessee) for a specified period of time (the lease term) for specified periodic payments.
A Contract for the possession of land in consideration of payment of rent.
A contract between the owner (lessor) and the tenant (lessee) stating the conditions under which the tenant may occupy or use the property.
A written or oral contract for the possession and use of real property for a stipulated period of time, in consideration for the payment of rent. Leases for more than one year generally must be in writing.
A contract which permits a person to occupy and use a property for a specific time period in return for a specified sum of money.
a document which grants someone the right to have the property for a stated number of years.
A legal agreement to pay rent to the lessor for a stated period of time. Sometimes the lease is in substance a purchase of an asset and a financing arrangement. For example, if a company agrees to lease a forklift truck for 60 months and the agreement cannot be canceled without purchasing the asset, it is possible the arrangement is more than a mere rental of equipment. See capital lease and operating lease. To Top
(license, permit, agreement, contract or easement). An agreement, oral or in writing, by which possession or use of land or interests therein is given by the owner or other person to another person for a specified purpose.
Any contract, profit-share arrangement, joint venture or other agreement issued or approved by the United States under a mineral leasing law that authorizes exploration for , extraction of or removal of oil or gas.
A contractual arrangement whereby the lesser grants the lessee the right to use an asset in return for periodic lease rental payments.
Contract by which the owner of property allows another to use it for a specified time, usually in return for payment.
A binding agreement that contains the terms and conditions of a renter's occupancy.
An interest in land given by a landowner (landlord or lessor) to another person (lessee or tenant) for a fixed duration such that the lessee has the right to exclusive possession of the premises.
A written document containing the conditions for the exclusive possession of real estate by the owner to another for a definite period of time.
A contract with rights and obligations between Landlord and Tenant where the Landlord grants the Tenant a Leasehold interest in return for rent and service charges.
A financing option that allows customers to essentially rent a vehicle for a specific amount of time at a specific rate.
A legal contract that specifies the terms of the business relationship between an energy company and a landowner or mineral rights holder on a particular tract.
A legal contract which gives the ownership of a leasehold property to the buyer for a fixed period of time.
A special kind of contract between a property owner and a person wanting temporary enjoyment and use of the property, in exchange for rent paid to the property owner. Where the property is land, a building, or parts of either, the property owner is called a landlord and the person that contracts to receive the temporary enjoyment and use is called a tenant.
An alternative to purchasing a vehicle outright, you can lease, or rent, the car with monthly payments.
A contract for the use or possession of land for a determined period of time with stipulated conditions.
A written contract or agreement by which a leasing company transfers possession of a vehicle to the lessee for a specified term and a specified payment.
A contract by which one conveys real estate for life, for a term of years, or at will, usually for a specific rent. Also, the act of conveyance, or the term for which it is made.
A contract giving the lessee the right to use the leased property for a period of time.
is a written agreement stating the conditions for the possession and use of real estate (and/or personal property) given by the owner to another person (the tenant) for a specific period of time and rent.
An instrument which grants to another (the lessee) the exclusive right to explore for, drill for, produce, store and remove oil and natural gas on the mineral interest, in consideration for which the lessor is entitled to certain rents and royalties payable under the terms of the lease. Typically, the duration of the lessee's authorization is for a stated term of years and "for so long thereafter" as minerals are producing.
Ownership of property by way of a leasehold interest for a fixed term, usually with an annual ground rent.
Often confused with tenancy agreement this is normally a long lease on an apartment (see Superior Lease) where as the actual document governing a rental is normally known as a Tenancy Agreement.
a written document containing the conditions under which the owner to another gives the possession and use of real property for a stated period and for a stated consideration.
In states and some foreign countries where the deeded ownership of a timeshare is not permitted by law, it is standard practice for a resort developer or a management company to lease timeshare properties. This is also known as a right-to-use (RTU) agreement, the lease is usually good for a period from twenty to ninety-nine years. This is common with timeshare properties in Mexico. Ownership of the physical property is held by the resort developer or management company.
A written document containing the conditions under which the possession and use of real property are given by the owner to another for a stated period of time and for a certain amount of consideration.
A right-to-use agreement for a timeshare typically for a time period between twenty and ninety-nine years. This is common in Mexico and other areas where it is not permitted to own deeded timeshares by law.
A contractual agreement between a lessor and a lessee that conveys to the lessee the right to use specific property (real or personal), owned by the lessor, for a specific period of time in return for stipulated, and generally periodic, cash payments (rents).
A contract entered into between a Landlord and a Tenant for the rental of a property for a specific period of time.
A transfer of the right to possession and use of property for a predetermined duration of time and in return for some form of monetary or in rate instances similar barter consideration.
A type of contract used primarily to procure equipment that spreads out the payments over a specified period. A term of greater than three years requires additional approval by either the City Council or School Committee.
written contract between a property owner and a tenant specifying the terms and conditions for which the tenant may occupy the property.
A grant of the possession of real property to last for a fixed or ascertainable period at will or in perpetuity and usually with the reservation of a rent. The person who grants the lease is called the lessor, the person to whom it is granted being the lessee. A lease must be for a less estate or term than the lessor has in the property, for if it comprises his whole interest it is a conveyance or assignment and not a lease. Where a person who is himself a lessee grants a lease of the same property to another person for a shorter term, it is called an underlease or sub-lease.
A contract between a lessor and a lessee for the hire of a specific asset, The ownership of the asset is retained by the lessor but the right to the use of the asset is given to the lessee for an agreed period of time in return for a series of rentals paid by the lessee of the lessor (See also Finance Lease').
This is a legal document which outlines the payment and conditions by which a tenant can possess a property for a period of time.
A lease is a document granting possession of a property for a given period without conferring ownership. The lease document specifies the terms and conditions of occupancy and rent payable.
Possession but not ownership of a property for a set period of time. The Terms and conditions are set out in a document signed by both tenant and owner.
A contract between lessor and lessee for use of a vehicle for a specified time period and an agreed upon periodic payment.
a contract by which an owner of property conveys exclusive possession and use of it for a specified rent and for a specified period - after which the property reverts to the owner.
An agreement in which one party, the Lessor or owner of the equipment, permits another party, the Lessee, to use the equipment for a specified period of time, in exchange for a series of payments.
A contract between lessor and lessee for a specified time period and a specific payment. The title to the car remains in the name of lessor as owner until the lessee exercises the purchase option or turns the vehicle in at the end of lease term.
Some states and some foreign countries do not allow deeded ownership of timeshares. Alternatively, a lease ownership or Right-To-Use ownership grants the leaser the right to use the property for a specified period usually from 20 to 99 years. The resort developer or management company holds ownership of the physical property. Return to the Top of the Page
An agreement to rent for a period of time at an agreed price.
A contract under which a property is rented from one person or business to another for a fixed period of time at a specified rate.
a type of legal agreement establishing a tenant-landlord relationship
A contract that allows a consumer to use an asset, such as a car, in exchange for payment. At the end of the lease term, the asset must be returned.
A lease is a contract in which the lessor purchases the asset selected by you and conveys the use of an asset to you for a specific period of time at a predetermined rate.
A contract that specifies the terms under which the owner of an asset (the lessor) agrees to transfer the right to use the asset to another party (the lessee).
(Location or Contrat de location) Contract by which one party (landlord or lessor) gives to another (tenant or lessee) the use and possession of lands, buildings, vehicle(s) for a specified time and for fixed payments.
Contract between lessor (landlord) and lessee (tenant) for exclusive possession of realty for specified period under specific terms after which property reverts to lessor.
A contract for the use of a vehicle between a lessee and lessor, with agreed-upon terms and conditions.
A rental agreement between a landlord and a tenant that lasts for an agreed period of time. A lease must include a property's description, the date the lease expires, the price of the rent, and the landlord's signature. Even though it's common practice for both the tenant and landlord to sign a lease, the lease is legally binding if only the landlord signs it. Also, by law, a landlord can take back a property when the lease ends.
A contract between a lessor and a lessee for the use of a vehicle or other property, subject to stated terms and limitations, for a specified period and at a specified payment.
Contract granting use of real estate, equipment, or other fixed assets for a specified time in exchange for payment, usually in the form of rent. The owner of the leased property is called the lessor, the user the lessee.
A contract whereby the landlord grants the tenant the right to occupy defined space for a set period at a specific price (i.e. rent).
A contractual agreement to grant the use of a particular asset in return for money over a specified time period
A contract allowing someone to live in a building or have some land for a certain amount of time and money.
A contract between a property owner and a person wanting temporary use of the property. The property owner will exchange enjoyment of the property for rent. Where the property is land, a building, or parts of either, the property owner is called a landlord and the person using the property is called a tenant.
A situation where property is built on land owned by a person or organisation other than the owner of the property that is erected on this land. The ownership of this property will be for a fixed term and will usually include payment of ground rent on a pre-set term basis
A legal document signed by both the landlord and the tenant, specifying the rent and duration that the premises will be rented.
the agreement between the landlord and the tenant whereby the landlord agrees to grant the tenant an interest in his land for a limited period of time in return for payment by the tenant.
A contractual agreement between a landlord and a tenant providing a period of occupancy of a property to a tenant within specific terms and conditions. Hide Definition
A writing constituting a conveyance of real property for a term of years and a contact for its possession during that term.
A long-term rental agreement, and a form of secured long-term debt.
An agreement to allow a consumer to use property for a set period. In car leases, consumers pay to use up a portion of a vehicle's useful life.
a legal agreement to lend/hire something to a third party.
A lease is both a contract between lessor (landlord)and lessee (tenant) and a conveyance or demise of the premises by the lessor to the lessee. A lease is a contract in that item bodies the agreement between the parties.
Conveyance of land, buildings, equipment or other ASSETS from one person (LESSOR) to another (LESSEE) for a specific period of time for monetary or other consideration, usually in the form of rent.
An agreement between two people/parties where one party is granted a legal right to use or occupy the property of the other party for a specified period in return for payment.
Contract giving a business owner the right to use an asset for a specified period of time. The asset owner is called the lessor and the owner using the property is called the lessee. Can be used for a building, equipment or machinery.
A long-term rental agreement under which the owner (lessor) of the property permits someone else (lessee) to use it. Leasing enables a business to acquire equipment without having to pay for it all at the outset, therefore, conserve Cash.
Contract whereby the owner or user of property (the lessor) agrees to let another party (the lessee) use the property for a consideration (money or rent).
The letting of land or tenements, eg rent etc, for property for a prescribed period
An estate for years, an agreement that does not convey ownership but does convey possession and use for a period of time and for compensation
The lending out of an asset in return for periodic payments. Most common leases are to do with property.
A written agreement between the property owner and a tenant that stipulates rent to be paid, as well as the terms under which the tenant may reside in the real estate for a designated period of time
A rental agreement lasting an extended period.
A contract that allows you to use or occupy property (such as a car, an apartment or a computer) for a set amount of time, during which you make regular payments.
A contract by which one party, called the lessor, conveys to another, called the lessee, real estate, equipment or facilities for a specified term and for a specified rent.
A written document by which the owner transfers the rights of use and occupancy of land and/or structures to another person or entity for a specified period of time in return for a specified rental.
A contract granting use or occupation of property during a specified period in exchange for a specified rent.
A document, which grants possession of a property for a fixed period of time and sets out the obligations of both landlord and tenant such as; payment of rent and repairs.
Contract between landlord (lessor) and tenant (lessee) for the occupation or use of the landlord's property by the tenant for a specified time and for a specified consideration (rental).
An agreement by which an owner of real property gives the right of possession to another for a specified period of time and for a specified consideration (rent). Title does not pass.
A contract granting the use of real estate or a fixed asset, such as a vehicle or equipment, for a specific period in exchange for periodic payments.
A written agreement in which the property owner allows a tenant to use property in exchange for rent, and for a specified period. Or, a written agreement in which a car dealer allows a consumer to use a vehicle in exchange for payments for a specified period.
The legal agreement between the Landlord and Tenant setting forth the rules and conditions for occupancy by the tenant and limitations of the landlord.
A written agreement between the property owner and a tenant that stipulates the conditions under which the tenant may possess the real estate for a specified period of time and rent.
An agreement which permits an out of home media company to erect an off-premise advertising structure on a specific location, with approval by the land owner, for a specified period of time.
The right to exclusive possession for a period on the payment of rent or other consideration.
A contract between lessor and lessee for a specified time period and at a specified payment. The title to the car remains in the name of the lessor as owner of the asset.
Lease is where there are no two kinds of payments made to the landlord by the tenant unlike a rental transaction. A sum of money is paid to the landlord at the beginning of the lease tenure, which is repaid without interest when the tenure ends. No monthly payments are made.
Payment of rent by the lessee to the lessor, for the use of real property for a stated time period.