lease - definition

Create account
Where to search:
Thesaurus


Dictionaries » Dictionary of Law » L »

lease - definition



A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
(Non-alphabetical character)


lease Search for pronunciation examples


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



Permanent link to this page: http://www.diclib.com/cgi-bin/d1.cgi?l=en&base=en_law&page=showid&id=1315


Learn foreign languages chatting with us!

  • biorki pikeete, 21
    Dominican Republic, Santiago
    Native language: Spanish
    Foreign language: English
    biorki pik...
  • Josre , 22
    Paraguay, Fernando De La Mora
    Native language: Spanish
    Foreign language: English
    Josre
  • Gloria Celina, 55
    Argentina, Buenos Aires
    Native language: Spanish
    Foreign language: Russian
    Gloria Cel...
  • roman, 42
    Mexico, Chihuahua
    Native language: Spanish
    Foreign language: English, German
    roman
  • Luxy, 22
    Dominican Republic, Moca
    Native language: Spanish
    Foreign language: English
    Luxy
  • Silvia, 46
    United States, Brooklyn
    Native language: Spanish
    Foreign language: English
    Silvia
  • Albotero, 54
    Colombia, Bogotá
    Native language: Spanish
    Foreign language: English, French, German
    Albotero
  • denimar, 22
    Venezuela, Maracay
    Native language: Spanish
    Foreign language: Spanish
    denimar
  • ivis karina rodriguez solar, 18
    Colombia, Cartagena
    Native language: Spanish
    Foreign language: Spanish
    ivis karin...
  • katherine, 26
    Ecuador, Guayaquil
    Native language: Spanish
    Foreign language: English
    katherine
  • Radames Liuba Marten Torres, 41
    Qatar, Doha
    Native language: Spanish
    Foreign language: English
    Radames Li...
  • Maria Pia, 18
    Peru, Lima
    Native language: Spanish
    Foreign language: Spanish
    Soy muy buena persona que ayuda a alguien cuando lo necesita, sobre todo en cuidar a bebes y niños pequeños
    Maria Pia
  • paola, 19
    Colombia, Bogotá
    Native language: Spanish
    Foreign language: English
    paola
  • miguel david lozada, 18
    Colombia, Bogota
    Native language: Spanish
    Foreign language: Spanish
    miguel dav...
  • jasmin, 3
    Peru, Lima
    Native language: Spanish
    Foreign language: English
    jasmin
  • orfilia, 41
    Honduras, Tegucigalpa
    Native language: Spanish
    Foreign language: English
    orfilia
  • PillowPillow, 21
    Kazakhstan, Усть-Каменогорск
    Native language: Russian
    Foreign language: English, Korean
    PillowPill...
  • josue, 33
    Cuba, Santiago De Cuba
    Native language: Spanish
    Foreign language: English
    josue
  • sunny nayak, 21
    India, Jodhpur
    Native language: Hindi, English
    Foreign language: English
    sunny naya...
  • carolina, 25
    Dominican Republic, Santo Domingo
    Native language: Spanish
    Foreign language: English
    carolina