Lease - Definition. Was ist Lease
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Was (wer) ist Lease - definition

BUSINESS CONTRACT BETWEEN TWO PARTIES, THE LESSOR (OWNER) AND LESSEE (USER), FOR USE OF PROPERTY
Leasing; Tenancy agreement; Tenacy agreements; Leased; Leases; Land Lease; Lessee; Tenancy for years; Sublease; Sub-tenant; Sub-let; Sublet; Sublets; Lease contract; Equipment leasing; Asset finance; Sub-lease; Leasee; Equipment Lease; Affermage; Fermage; Land lease; Ground lease; Sublessor; Lease agreement; Periodic Tenancy; Head lease; Subletting; Sub-letting; Tenancy agreements; Business leasing; Subtenancy; Underlease; Land leasing; Property leasing
  • A sign in Chicago offering space for lease

lease         
(leases, leasing, leased)
Frequency: The word is one of the 3000 most common words in English.
1.
A 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.
He took up a 10 year lease on the house at Rossie Priory.
N-COUNT
2.
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.
He went to Toronto, where he leased an apartment...
She hopes to lease the building to students...
He will need more grazing land and perhaps La Prade could lease him a few acres.
VERB: V n, V n to n, V n n
3.
If you say that someone or something has been given a new lease of life, you are emphasizing that they are much more lively or successful than they have been in the past.
The operation has given me a new lease of life.
PHRASE: PHR after v
lease         
¦ noun a contract by which one party conveys land, property, services, etc. to another for a specified time.
¦ verb
1. grant (property) on lease; let.
2. take (property) on lease; rent.
Phrases
a new lease of (or N. Amer. on) life a substantially improved prospect of life or use after rejuvenation or repair.
Derivatives
leasable adjective
Origin
ME: from OFr. lais, leis, from lesser, laissier 'let, leave', from L. laxare 'make loose', from laxus 'loose, lax'.
lease         
1) n. a written agreement in which the owner of property (either real estate or some object like an automobile) allows use of the property for a specified period of time (term) for specific periodic payments (rent), and other terms and conditions. Leases of real property describe the premises (often by address); penalties for late payments, termination upon default of payment or breach of any significant conditions; increases in rent based on cost of living or some other standard; inclusion or exclusion of property taxes and insurance in rent; limitations on use (for a butcher shop, a residence for the family only, no pets); charges for staying on beyond the term (holding over); any right to renew the lease for another period; and/or a requirement for payment of attorneys' fees and costs in case of the need to enforce the lease (including eviction). A lease is distinguished from a mere renting of the premises on a month-to-month basis and cannot exceed a year unless agreed to in writing. A "triple net" lease includes both taxes and insurance in the rent. 2) v. to rent out real property or an object pursuant to a written agreement. See also: leasehold real property rent statute of frauds triple net lease unlawful detainer

Wikipedia

Lease

A lease is a contractual arrangement calling for the user (referred to as the lessee) to pay the owner (referred to as the lessor) for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment are also leased. Basically a lease agreement is a contract between two parties: the lessor and the lessee. The lessor is the legal owner of the asset, while the lessee obtains the right to use the asset in return for regular rental payments. The lessee also agrees to abide by various conditions regarding their use of the property or equipment. For example, a person leasing a car may agree to the condition that the car will only be used for personal use.

The term rental agreement can refer to two kinds of leases:

  • A lease in which the asset is tangible property. Here, the user rents the asset (e.g. land or goods) let out or rented out by the owner (the verb to lease is less precise because it can refer to either of these actions). Examples of a lease for intangible property include 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).
  • A periodic lease agreement (most often a month-to-month lease) internationally and in some regions of the United States.
Beispiele aus Textkorpus für Lease
1. We learned that whilst the lease terminates upon the asset under a normal lease suffering total damage, it continues under a forward lease arrangement.
2. A steal at only $180 million. (This is a lease for the remaining '3' years of a '''–year lease.
3. For example, when calculating lease cost, deductions to the reserve fund are included in the lease prime cost.
4. In the operating lease, the asset is returned to the lessor who continues to hold the title or ownership to the asset during and after the lease term.
5. The Interior Department would be required to hold two lease sales before October 1, 2010, to lease tracts in ANWR to oil companies.