Lease

Filed Under »
Dictionary Says

Definition of 'Lease '

A legal document outlining the terms under which one party agrees to rent property from another party. A lease guarantees the lessee (the renter) use of an asset and guarantees the lessor (the property owner) regular payments from the lessee for a specified number of months or years. Both the lessee and the lessor must uphold the terms of the contract for the lease to remain valid.
Investopedia Says

Investopedia explains 'Lease '

Leases are the contracts that lay out the details of rental agreements in the real estate market. For example, if you want to rent an apartment, the lease will describe how much the monthly rent is, when it is due, what will happen if you don't pay, how much of a security deposit is required, the duration of the lease, whether you are allowed to have pets, how many occupants may live in the unit and any other essential information. The landlord will require you to sign the lease before you can occupy the property as a tenant.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Capital Lease

    A lease ...

  2. Fixed Price Purchase Option

    The right, but ...

  3. Graduated Lease

    A type of ...

  4. Leaseback

    An arrangement ...

  5. Lessee

    The person who ...

  6. Lessor

    The owner of an ...

  7. Operating Lease

    A contract that ...

  8. Synthetic Lease

    An operating ...

  9. Capitalized Cost Reduction

    Any upfront ...

  10. Capitalized Lease Method

    An accounting ...

Articles Of Interest

  1. 6 Tips For Renting An Apartment

    Find out what you can do to find a fabulous apartment to fit your budget.

  2. New Wheels: Lease Or Buy?

    These two major ways to obtain a car have very different advantages and drawbacks. Find out which is best for you.

  3. Tips For The Prospective Landlord

    Investing in rental property can generate serious income, but there's more to it than collecting rent.

  4. Find The Best Mortgage Rates

    Search and compare the best fixed and adjustable mortgage rates in your area with Bankrate.com.

  5. Simple Ways To Invest In Real Estate

    Owning property isn't always easy, but there are plenty of perks. Find out how to buy in.

  6. Tax Deductions For Rental Property Owners

    Besides creating ongoing income and capital appreciation, real estate provides deductions that can reduce the income tax on your profits.

  7. A Career In Real Estate Portfolio Management

    Find out why this job more closely resembles the role of a CEO than an asset manager.

  8. Should You Buy Property On Leased Land?

    Find out what to consider before investing in a leased-land property.

  9. Electrifying Apartment Bills: How To Reduce Them

    As a renter, there are still factors that can influence your heating and air conditioning bill.

  10. Lease Agreement Forms

    Find sample Residential Lease and Office Lease forms at AllBusiness.com.
Sponsored links

comments powered by Disqus
Hot Definitions

  1. Love Money

  2. Shark Watcher

  3. Judo Business Strategy

  4. Dogs Of The Dow

  5. Chinese Hedge

  6. X-Mark Signature

Recommended
Loading, please wait...
See More »
Trading Center