A lease is a legal contract, and thus enforceable by all parties under the contract law of the applicable jurisdiction. In the United States, since it also represents a conveyance of …

The meaning of LEASE is a contract by which one conveys real estate, equipment, or facilities for a specified term and for a specified rent; also : the act of such conveyance or the term for …

Feb 15, 2025 · A lease is a legal, binding contract outlining the terms under which one party agrees to rent property owned by another party. It guarantees the tenant or lessee use of the …

Dec 5, 2025 · What is a lease? A lease is an agreement between two or more parties for one party to temporarily take control of an asset of some kind.

LEASE definition: a contract renting land, buildings, etc., to another; a contract or instrument conveying property to another for a specified period or for a period determinable at the will of …

LEASE meaning: 1. to make a legal agreement by which money is paid in order to use land, a building, a vehicle, or…. Learn more.

Nov 11, 2025 · A lease is a legally binding contract that allows one party (the tenant or lessee) to use another party’s property for a specified period in exchange for regular payments.

Mar 27, 2025 · What are leases? A lease is a contractual agreement in which one party (the lessor) grants another party (the lessee) the right to use and occupy property or assets (such …

An oral or written agreement (a contract) between two people concerning the use by one of the property of the other. A lease for more than one year must be in writing. A person can lease …

lease, a contract for the exclusive possession of property (usually but not necessarily land or buildings) for a determinate period or at will. The person making the grant is called the lessor, …