A conveyance of lands or tenements to a person for life, for a term of years, at will, in consideration of a return of rent some other recompense. The person […]

Formal document listing the owner, renter, asset involved, payment, terms and conditions of the lease.

the term that is given to a lease that starts when another lease has expires.

Cost the renter pays the leasing owner periodically for whatever was leased.

Type of lease contract with a lease payment or rent is proportionally applied to a purchase price of the leased asset or property. Lease purchases are a type of hire-purchase […]

Lease attachment or annex formally added. Lists and describes the item leased, required lease payments, and other terms applicable to the lease. The lease terms and conditions are fixed per […]

Fixed, non-cancelable lease duration by agreement is in force. Also known as lease period or lease tenure.

An agreement allowing the renter to buy the leased item when the lease period expires. Typically, some or all of the lease payment is applied to the purchase. A lease-to-own […]

A lender, bank or leasing company has a lease agreement and arranges any financing required.

Agreement stating a renter has the right to purchase the leased item, and the conditions for the purchase.

the right to renew the lease is given in this lease statement to the lessee when the lease term ends, renewing or changing the rate.

the term that describes the sale of land with a lease to the seller given by the purchaser.

A bank’s guarantee given to a third party for a fee. The bank does its due diligence to confirm the creditworthiness of the customer receiving the bank guarantee. The issuing […]

Employees leased through a professional employer organization (PEO). The PEO is the leased workers’ official employer, handling payroll, tax reporting, and benefits. The leased employees do work for the leasing […]

Full-time, dedicated, connection telephone line or communications circuit providing network / wide area network / internet service. A type of fixed data pipeline carrying data from one fixed point to […]

Acquiring a vehicle from a dealer or leasing company under a contract, requiring the lessee to pay periodic payments for a specified period of time.

Entity documented as the one leasing. Accountable for the agreement’s terms. One or more leasees on a lease is required. The leasee pays agreed-to amount. A complaint against the leasee […]

An estate in realty held under a lease; an estate for a fixed term of years. See Stubbings v. Evanstou, 136 111. 37, 26 N. E. 577, 11 L. R. […]

Capitalizing method for expenses part of lease initiation and maintenance. Delayed rental payments, taxes, bonuses paid to the leased property’s mineral rights holder, and similar costs are part of leasehold […]

Limited-time, yet exclusive right to enjoy owning and using a land parcel or other asset. Contrast to a freehold estate ; it is for an undetermined period.

Additions, alterations , remodeling, or renovations done as improvements on a leased property.

Exclusive claim or right to a time-limited-time owning and using a land parcel or other asset. Contrast to a freehold interest; it is for an undetermined period. Agreed-to by written […]

Commercial property coverage for a broken lease due to property damage stemming from a peril specified in the contract. Typically, across the lease term the lessee pays the difference between […]

Property insurance covering lease income loss due to property damage from an insured peril.

Tenant / renter / lessee-held real property on a fixed-term lease that returns to its freehold owner / lessor.