Lease

Business / Real Estate / Lease: 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.

Other Words for Lease

Lease Noun Synonyms: rental agreement or contract, sublease, sublet
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Agricultural Lease

Business / Real Estate / Agricultural Lease: Agricultural landowners often lease their land to tenant farmers, who provide the labor to produce and bring in the crop. An owner can be paid by a tenant in one of two ways: an agreed cash in advance MORE

Break-Even Lease Payment

Business / Finance / Break-Even Lease Payment: The lease payment at which a party to a prospective lease is indifferent between entering and not entering into a lease arrangement. MORE

Lease Bonus

Science / Geology / Lease Bonus: Money paid to a mineral rights owner in exchange for granting a lease. This payment may be in addition to any rental or royalty payments. MORE

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