What is lease?

  • (verb): Let for money.
    Synonyms: rent
    See also — Additional definitions below


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

Read more about Lease.

Some articles on lease:

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 ...
Lease Automatic Custody Transfer Unit
... A Lease Automatic Custody Transfer unit or LACT unit measures the net volume and quality of liquid hydrocarbons ... automatic measurement, sampling, and transfer of oil from the lease location into a pipeline ...
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 company, the ... The sublessor remains liable to the original lessor in accordance with the initial lease, including all remaining rent payments, including operating expenses and all other original lease terms ...
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 retirement needs ... a $20,000 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 ... to the value of the housing equity unlocked from the shorter lease ...

More definitions of "lease":

  • (verb): Hold under a lease or rental agreement; of goods and services.
    Synonyms: rent, hire, charter
  • (verb): Grant use or occupation of under a term of contract.
    Example: "I am leasing my country estate to some foreigners"
    Synonyms: let, rent
  • (noun): A contract granting use or occupation of property during a specified time for a specified payment.
  • (noun): Property that is leased or rented out or let.
    Synonyms: rental, letting
  • (noun): The period of time during which a contract conveying property to a person is in effect.
    Synonyms: term of a contract

Famous quotes containing the word lease:

    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)

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