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 ?
Per the terms of the master transaction agreement, VICI Properties will acquire the land and real estate assets associated with Harrah's New Orleans, Harrah's Laughlin, and Harrah's Atlantic City and modify certain provisions of the existing Caesars lease agreements for total consideration of approximately USD 3.2bn in cash.
However he says upon the expiration of the main lease agreement in 2017, the administrators of the late Fofana entered the property and took possession of it on grounds that there was no amendment to the lease agreement.
While the current terms end on June 2029, City Fibre proposed an expansion and extension of the council's existing lease agreement due to a series of network upgrades.
The oil firm has existing lease agreements with PNOC for the sites of its $3-billion refinery in Bataan, 24 bulk plants and 67 gasoline stations.
Section 2 of the lease agreements for service-stations properties, as well as the lease agreement for the bulk plant properties between PNOC and Petron provides that, 'in case the parties fail to come to an agreement, the same terms and conditions shall apply, except the initial rental rate for the renewal period shall be the rental rate at the time of expiration plus 2 percentthereof, and subsequent rental rate shall be escalating by 2 percent per annum.'
Petron has existing lease agreements with PNOC for the sites of its $3-billion refinery in Bataan, 24 bulk plants and 67 gasoline stations.
"We are delighted to extend our lease agreement with CVS Pharmacy at The Wellington Tower," said Jordan S.
Based on our discussions with the competent authorities, we have been informed that 1% of the total rent value is payable for residential lease agreement with a minimum fee of AED 300; and 5% of the total rent value is payable for commercial lease agreements.
Justice Athar Minallah heard the case of BNP Company challenging the decision of Capital Development Authority (CDA) for cancellation of Grand Hyatt Hotel's lease agreement.
When developing language within the lease agreement concerning the tenant allowance, the landlord should consider including a restriction on the use of funds to ensure the allowance is eligible to be treated as qualified leasehold improvement property and for special depreciation allowance treatment under Sec.
Answer: Firstly, as it is specified in the lease agreement there can be no recent increase until a year of occupancy has passed.