Lease en

Lease meaning

A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset. Broadly put, a lease agreement is a contract between two parties, the lessor and the lessee. The lessor is the legal owner of the asset, the lessee obtains the right to use the asset in return for rental payments. 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.

Meanings

  1. (v. t.) Any tenure by grant or permission; the time for which such a tenure holds good; allotted time.
  2. (v. t.) A demise or letting of lands, tenements, or hereditaments to another for life, for a term of years, or at will, or for any less interest than that which the lessor has in the property, usually for a specified rent or compensation.
  3. (v. t.) To hold under a lease; to take lease of; as, a tenant leases his land from the owner.
  4. (v. i.) To gather what harvesters have left behind; to glean.
  5. (v. t.) To grant to another by lease the possession of, as of lands, tenements, and hereditaments; to let; to demise; as, a landowner leases a farm to a tenant; -- sometimes with out.
  6. (v. t.) The contract for such letting.
Word: lease
Pronunciation of lease: 'lEs
Function of lease: noun
Origin of lease: Middle English les, from Anglo-French, from lesser
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 : a continuance or opportunity for continuance <a new lease on life>

Synonyms of lease

Charter, Engage, Hire, Let, Letting, Rent, Rental, Take,

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