lease

(redirected from leased)
Also found in: Dictionary, Thesaurus, Legal, Financial, Idioms, Wikipedia.
Related to leased: lessee, subletting, subleased

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
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005

Lease

An agreement granting permission of a property for a specified time period, usually for a specific amount of rent, without transferring ownership.
Illustrated Dictionary of Architecture Copyright © 2012, 2002, 1998 by The McGraw-Hill Companies, Inc. All rights reserved

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.
McGraw-Hill Dictionary of Scientific & Technical Terms, 6E, Copyright © 2003 by The McGraw-Hill Companies, Inc.

lease

A contract transferring the right of possession of buildings, property, etc., for a fixed period of time, usually for periodical compensation called rent.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
References in periodicals archive ?
According to these so-called "hell or high water" clauses, you won't be able to refuse to pay or assert any setoff against your obligations under the lease even if the leased equipment is or becomes damaged, defective, obsolete, or otherwise unavailable for your use, or the lessor breaches its obligations to you under the lease (provided you'll be entitled to begin an action against the lessor for any damages you may incur as a result).
It provided for the disclosure of six basic terms, including the number and total amount of payments a consumer needed to make to acquire ownership of the leased property; a statement that the consumer acquires no equity in the property until the required payments have been made; whether the leased property is new or used; and a brief mention of certain charges such as reinstatement and late payment and default charges.
The iconic Parisian restaurant, Buddha Bar, which leased 20,000 s/f of office and lavish courtyard retail space for its first ever New York City establishment, which was designed by Didi Pei, son of I.M.
Grants the lessee the right to approve of any material changes to any common area or access to the leased premises that could impact the value and beneficial use of the lease.
Purchasers of leased real estate may find it more advantageous to acquire leased property after leases have been canceled; thus, the buyer can ask the seller to negotiate a cancellation of existing leases prior to the sale of the property.
Also, almost all leases address the subject of returning the leased property, including refurbishment, modification, storage, shipping and crating responsibilities.
Mathematically, it is the rate that causes the sum of the present values of the rents payable and the residual value to equal the capital cost (present value) of the leased vehicle.
* Substantially all the SPE's activities involve assets to be leased to a single lessee.
The tenant was represented by Barbara Burke of American Commercial Realty, Inc; RPM Racing, Inc, leased 2,200 s/f at 196 Quality Plaza, Hicksville, for warehousing high-end automobiles.
Most lease transactions provide for the payment by one of the parties of executory costs such as insurance, maintenance and taxes in connection with the leased property.
Bona Tirer Gallery leased 3,700 s/f of ground floor space.