lease

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lease

1. a contract by which property is conveyed to a person for a specified period, usually for rent
2. the instrument by which such property is conveyed
3. the period of time for which it is conveyed

Lease

An agreement granting permission of a property for a specified time period, usually for a specific amount of rent, without transferring ownership.

lease

[lēs]
(industrial engineering)
Contract between landowner and another granting the latter the right to use the land, usually upon payment of an agreed rental, bonus, or royalty.
A piece of land that is leased.
(textiles)
A means of keeping warp threads in position during weaving and beaming by passing them alternately over and under a set of rods.

lease

A contract transferring the right of possession of buildings, property, etc., for a fixed period of time, usually for periodical compensation called rent.
References in periodicals archive ?
Clarkson Insurance Agency recommends a legal review of all lease agreements before committing to any legal arrangement.
The Lease Agreement includes a form of use agreement to be entered into by Aerostar and each airline serving LMM Airport, which was negotiated and agreed among Aerostar, the PRPA and the airlines during the public bidding process (the "Use Agreement").
Practice tip: The deductibility of rents between related parties is essentially determined by the facts and circumstances; thus, it is wise for the member and the LLC to build evidence at the onset of the lease to support the reasonableness of the rent called for in the lease agreement.
While you may have no equipment to keep or sell at the end of the lease agreement, it's usually not easy for the average business to unload used PCs, printers, and fax machines.
Starting in FY2003, XNA began operating as a self-supporting enterprise; however, an industry standard compensatory airline lease agreement was implemented in FY2004 leading to stronger operating margins and resulting cash balances.
Under the lease agreement, West Atlantic will become the launch operator of the A320 P2Fs by taking an initial three aircraft on lease from AerCap, with deliveries between 2012 and 2013 and the option of a further four aircraft by 2015.
These transactions include new lease agreements as well as renewals and expansions, all a reflection of Reckson's ability to attract and to retain the region's leading businesses.
In the meantime, lease agreements could be reached with both sites with a window, perhaps six months, for some of the particulars to be ironed out and during which the NFL could pull out of the deal.
110(a) only to the extent that the lease agreement for the retail space expressly provides that the construction allowance is for the purpose of constructing or improving qualified long-term real property for use in the lessee's trade or business at the retail space.
announced that it has completed a 16-year lease agreement for 22,694 s/f at 673 First Avenue in New York City with New York University for use by NYU Medical Center.
It entered into a lease agreement with an outside source; the terms stated that each member would be jointly and severally liable for the rental obligation, up to a certain dollar amount.