lease

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Related to Lease Agreements: subletting

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 ?
Another section of the lease agreement refers to a tenant's improvements and betterments.
Answers to the ten questions most asked by real estate lawyers about new changes being made to commercial lease agreements
A different result would occur, however, if the lease agreement provides that $250,000 of rent is to be allocated to each of the three years, but payable in the same amounts and at the same times as indicated.
The code-sharing and lease agreements were submitted to the DOT for approval.
The monthly income is supported by the cash flow from nearly 1,700 retail properties located in 48 states owned under long-term lease agreements with leading regional and national retail chains.
The most recent lease agreements were negotiated on behalf of Axiom Capital Management (4,072 s/f); BenefitStreet, Inc.
The monthly income is supported by the cash flow from nearly 1,700 retail properties owned under long-term lease agreements with leading regional and national retail chains.
ExecuStay will provide 126 studio and one-bedroom corporate apartments in the new 144-unit building through a 15-year lease agreement with Pine Equity NY and Townhouse Management.
9 million in new lease agreements represent equipment from a cross-section of leading American computer manufacturers such as Sun Microsystems, Unisys, Digital Equipment, NCR, AT&T and IBM.
Recent leasing activity at the 699,045 SF Reckson Summit office park totaled 86,728 SF in renewals and new lease agreements.
Aside from the court giving reassurance to the industry that the no duty to mitigate rules still applies, the decision also gives guidance on what specific language would be acceptable in lease agreements.
The filing of the lawsuit was specifically prompted by the delivery of a June 14, 2006 letter by Ventas' counsel to Kindred's lender, JPMorgan Chase Bank, National Association, ("JPM"), asserting that an Event of Default exists under Ventas' Master Lease Agreements with Kindred as a result of Kindred's refusal to turn over its fair market rental appraisals to Ventas.