A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset.

The narrower term rental agreement can be used to describe a lease in which the asset is tangible property. Language used is that the user rents the land or goods let or rented out by the owner. The verb to lease is less precise as it can refer to either of these actions. Examples of a lease for intangible property are use of a computer program (similar to a license, but with different provisions), or use of a radio frequency (such as a contract with a cell-phone provider).

The term rental agreement is also sometimes used to describe a periodic lease agreement (most often a month-to-month lease) internationally and in some regions of the United States.

Read more about Lease:  Leases of Land, History of Leases of Land, General Terms, Formalities, Provisions Specific To Car Rental, Real Estate Rental in The US, Land Lease - US Term Only, Sublease

Other articles related to "lease, leases":

Lease Automatic Custody Transfer Unit
... A Lease Automatic Custody Transfer unit or LACT unit measures the net volume and quality of liquid hydrocarbons ... This system provides for the automatic measurement, sampling, and transfer of oil from the lease location into a pipeline ...
Lend Lease Project Management & Construction
... Lend Lease Project Management Construction (formerly Bovis Lend Lease, trading as Lend Lease) is the international project management and construction division of Lend Lease Group ...
Lease Buyback Scheme
... Lease Buyback Scheme (LBS) is a monetisation option introduced by Singapore to help elderly households in three-room or smaller flats unlock their housing equity to meet their ... LBS bonus when they sell the tail-end lease of their 3-room or smaller flats to HDB and use their net proceeds to top up their CPF Retirement Account (RAs) to the specified top-up requirements ... value of the housing equity unlocked from the shorter lease ...
Lease - Sublease
... tennant) in a lease assigns the lease to a third party, thereby making the old lessee the sublessor, and the new lessee the sublessee, or subtenant ... For example, if a company leases an office space directly from a landlord, the lessor, and subsequently outgrows the office, then the company can sublease the smaller office space to another ... the original lessor in accordance with the initial lease, including all remaining rent payments, including operating expenses and all other original lease terms ...
Summer's Lease
... Summer's Lease is a novel, set predominantly in Italy, by Sir John Mortimer, author of the Rumpole novels ... The name "Summer's Lease" comes from William Shakespeare's Sonnet 18 ... The relevant line is And summer's lease hath all too short a date ...

Famous quotes containing the word lease:

    Summer’s lease hath all too short a date.
    William Shakespeare (1564–1616)

    Shall I compare thee to a summer’s day?
    Thou art more lovely and more temperate.
    Rough winds do shake the darling buds of May,
    And summer’s lease hath all too short a date.
    William Shakespeare (1564–1616)