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Bookmark or Share- LEASE definition and meaning | Collins English DictionaryA lease is a legal agreement by which the owner of a building, a piece of land, or something such as a car allows someone else to use it for a period of time in return for money. If you lease property or something such as a car from someone or if they lease it to you, they allow you to use it in return for regular payments of money.
- Lease Definition & Meaning - Merriam-Websterlease strictly implies a letting under the terms of a contract but is often applied to hiring on a lease. rent stresses the payment of money for the full use of property and may imply either hiring or letting. charter applies to the hiring or letting of a vehicle usually for exclusive use. Noun They took out a five-year lease on the house.
- Lease Definition and Complete Guide to Renting - InvestopediaWhat Is a Lease? 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...
- Lease - WikipediaAll kinds of personal property (e.g. cars and furniture) or real property (e.g. raw land, apartments, single family homes, and business property, which includes wholesale and retail) may be leased. As a result of the lease, the owner (lessor) grants the use of the stated property to the lessee.
- Lease - definition of lease by The Free Dictionary1. a contract conveying land, renting property, etc., to another for a specified period. 2. the property leased. 3. the period of time for which a lease is made: a five-year lease. 4. to grant the temporary possession or use of (lands, tenements, etc.) to another, usu. for compensation at a fixed rate; let: to lease one's apartment to a friend.
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