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


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!

  • JUVENAL, 19
    Bolivia, Cochabamba
    Native language: Spanish
    Foreign language: Portuguese
    JUVENAL
  • romerriera, 15
    Venezuela, Maracaibo
    Native language: Spanish
    Foreign language: English
    romerriera
  • ENRIQUE ALIX, 31
    Colombia, Colombia City
    Native language: Spanish
    Foreign language: English
    quiero mejorar mi ingles hablando con otros que si saben bien.. ! help me!
    ENRIQUE AL...
  • Olga, 42
    Russian Federation, Moscow
    Native language: Russian
    Foreign language: English
    Olga
  • Jonathan Cevallos, 20
    Ecuador, Jipijapa
    Native language: Spanish
    Foreign language: Spanish
    soy un chico respetuoso, amigable, muy sociable con las demás personas, aunque a veces soy de carácter fuerte aunque no es de que preocuparse, porque eso lo controlo fácilmente y me gusta conocer gente nueva.
    Jonathan C...
  • Helen
    Turkey, Istanbul
    Native language: Spanish
    Foreign language: English
    Helen
  • Jessica Mendoza, 23
    Venezuela, Mérida
    Native language: Spanish
    Foreign language: Spanish
    Jessica Me...
  • sunny nayak, 19
    India, Jodhpur
    Native language: Hindi, English
    Foreign language: English
    sunny naya...
  • luz, 23
    Venezuela, Barcelona
    Native language: Spanish
    Foreign language: Spanish
    luz
  • kristy, 32
    Russian Federation, Izhevsk
    Native language: French
    Foreign language: English
    kristy
  • Esperanza
    China, Beijing
    Native language: Chinese Simplified
    Foreign language: English, Spanish
    Esperanza
  • Cancerbero, 39
    Cuba, Cienfuegos
    Native language: Spanish
    Foreign language: English
    Cancerbero
  • jean carlos brea romano, 20
    Venezuela, Guacara
    Native language: Spanish
    Foreign language: English
    jean carlo...
  • Jluis, 27
    Peru, Trujilo
    Native language: Spanish
    Foreign language: English
    Hola tengo una gran hobbie por la lectura y además un especial interés por el idioma ingles, espero conocer a muchas personas .........
    Jluis
  • Gehad, 26
    Egypt, Cairo
    Native language: , English
    Foreign language: French, German, Spanish
    I translate news, I work with children at risk, I read, I write, I walk and I climb trees.
    Gehad
  • Ксения, 20
    Russian Federation, Saint Petersburg
    Native language: Russian
    Foreign language: Russian
    Ксения
  • walid, 30
    United States, Annandale
    Native language: Arabic
    Foreign language: English
    walid
  • yury castro, 26
    Honduras, La Ceiba Atlantida
    Native language: Spanish
    Foreign language: English
    yury castr...
  • diosmar242010hotmail.com, 16
    Venezuela, Barquisimeto
    Native language: Spanish
    Foreign language: Spanish
    diosmar242...
  • denimar, 21
    Venezuela, Maracay
    Native language: Spanish
    Foreign language: Spanish
    denimar