meaning of term leasing
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- lease definition. A contract that grants possession of property for a specified period of time in return for some kind of compensation.
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Part 4. Examining Process Common Lease Terms. Page Content. The term of the lease. A lease will contain a term (a length of time that you agree to rent the property). It is usually a month, six months, or a year. If your lease has no set length of time, the term is automatically a month if the rent is paid on a monthly basis.
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- Full Definition of LEASE. 1. : 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 which it is made. 2. : a piece of land or property that is leased.3. See lease defined for English-language learners.efinition of LEASE for Kids. 1. : an agreement by which a person exchanges property (as a car or house) for a period of time in return for payment or services. 2.
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- DEFINITION of 'Leasehold'. An accounting term used to classify an asset on a company's balance sheet that is leased. In order to be classified as a leased asset, the firm must enter into a lease agreement that is an operating lease, and not a capital lease.
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- The narrower term rental agreement can be used to describe a lease in which the asset is tangible property. Language used is that the user rents the land or goods let or rented out by the owner. The verb to lease is less precise because it can refer to either of these actions.
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lease 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.
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Landlord/Tenant Handbook THE LEASE. A lease is a legally binding contract between a landlord and a tenant which grants the tenant possession and use of the landlord’s property for a given period of time. The lease sets forth the terms of possession, such as rent, length of time of possession and rules governing tenancy.
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- Leasing Agreement. A lease, or leasing agreement, is also signed by the tenant and the landlord for a set period of property use. The tenant is required to pay a set monthly rent for the entirety of the agreement, usually between six months and a year.
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Closed-end leasing Closed-end leasing. Closed-end leasing is a contract-based system governed by law in the U.S. and Canada. It allows a person the use of property for a fixed term, and the right to buy that property for the agreed residual value when the term expires.
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- Definition of LEASE for Kids. 1. : an agreement by which a person exchanges property (as a car or house) for a period of time in return for payment or services. 2.: a piece of property that is leased.efinition of LEASE for Kids. 1. : an agreement by which a person exchanges property (as a car or house) for a period of time in return for payment or services. 2.
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Lease A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset.he term rental agreement is also sometimes used to describe a periodic lease agreement (most often a month-to-month lease) internationally and in some regions of the United States.
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Ch. 18 Leases Lease. 1  A written or oral contract between a landlord (the lessor) and a tenant (the lessee) that transfers the right to exclusive possession and use of the landlord's real property to the lessee for a specified period of time and for a stated consideration (rent).
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Landlord A landlord is the owner of a house, apartment, condominium, land or real estate which is rented or leased to an individual or business, who is called a tenant (also a lessee or renter). When a juristic person is in this position, the term landlord is used. Other terms include lessor and owner.
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Fixed Term Lease Also found in: Wikipedia. Fixed Term Lease. A lease binding the parties to each other for a specified period of time, such as a month or a year. That is, the fixed-term lease requires the lessee to make periodic payments and requires the lessor to surrender use of his/her property. A fixed term lease is also called (somewhat misleadingly) a tenancy for years.
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What is an 'Operating Lease' What is an 'Operating Lease'. An operating lease is a contract that allows for the use of an asset, but does not convey rights of ownership of the asset. An operating lease represents an off-balance sheet financing of assets, where a leased asset and associated liabilities of future rent payments are not included on the balance sheet of a company.
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lease 1 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 either lessor or lessee in consideration of rent or other compensation. 2. the property leased.
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gross lease A lease for a set amount of rent each month,with the landlord paying all expenses of the property and its management. It is the typical form of lease for residential properties.
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What is 'Lease ' Loading the player... What is a 'Lease '. A lease is a contract outlining the terms under which one party agrees to rent property owned by another party. It guarantees the lessee, the tenant, use of an asset and guarantees the lessor, the property owner or landlord, regular payments from the lessee for a specified number of months or years.
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Gourami Breeding If you want to try breeding one of the bubble-nest Gourami species, the Colisa Lalia (Dwarf Gourami) is a very good choice for beginners. Remember that the bubble nests are very sensitive and can be ruined by water movement. Keep all water movement to an absolute minimum while you have a bubble nest in your aquarium.reeding Gouramis-How to breed a few gourami species. Breeding the Pearl Gourami-Trichogaster leeri-A guide on how to breed the pearl gourami. Chocolate Gourami Breeding. - Chocolate gouramis Sphaerichthys osphromenoi are mouthbrooders.
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- A landlord is the owner of a house, apartment, condominium, land or real estate which is rented or leased to an individual or business, who is called a tenant. When a juristic person is in this position, the term landlord is used. Other terms include lessor and owner. The term landlady may be used for women owners, and lessor applies to both genders.
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When to use a lease, license, or easement Lease. A lease is an agreement in which the landlord agrees to give the tenant the exclusive right to occupy real property, usually for a specific term and, in exchange, the tenant agrees to give the landlord some sort of consideration. lease is an agreement in which the landlord agrees to give the tenant the exclusive right to occupy real property, usually for a specific term and, in exchange, the tenant agrees to give the landlord some sort of consideration.
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- noun. The definition of a leaser is a person or business that rents something to someone for a specified amount of time and money.An example of leaser is a landlord renting their house to someone. Noun. (plural leasers).INK / CITE ADD TO WORD LIST. noun. The definition of a leaser is a person or business that rents something to someone for a specified amount of time and money. An example of leaser is a landlord renting their house to someone.
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tenant 1. a person or group that rents and occupies land, a house, an office, or the like, from another, usu. under the terms of a lease; lessee. 2. an occupant or inhabitant of any place. v.t. 3. to hold or occupy as a tenant; dwell in; inhabit.
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Landlord and Tenant The term landlord refers to a person who owns property and allows another person to use it for a fee. The person using the property is called a tenant. The agreement between a landlord and a tenant is called a lease or rental agreement. The landlord and tenant relationship has its roots in Feudalism, a system of land use and ownership that flourished in Europe between the tenth and thirteenth centuries.
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lease 1 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 either lessor or lessee in consideration of rent or other compensation. 2. the property leased. 3. the period of time for which a lease is made:
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Lease Agreement A lease agreement is an arrangement that allows a user, or lessee, to use an asset belonging to the owner, or lessor. A common use for a lease agreement is for the rental of property, but it can also be used for other things such as computers, vehicles, or household appliances.