Lease

Business / Taxes / Lease: A lease is a legal agreement that provides for the use of something — typically real estate or equipment — in exchange for payment. Once a lease is signed, its terms, such as the rent, cannot be changed unless both parties agree. A lease is usually legally binding, which means you are held to its terms until it expires. If you break a lease, you could be held liable in court.

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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