lease

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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

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 ?
Lindeberg, Julien MacDonald, Stella Cadente, leased 1,500 square feet of ground floor retail space with basement.
A lessee may assign cost to a lease that it acquires and amortize it; a lessor who acquires leased real property cannot assign basis to the leases.
Nominal-purchase options are particularly useful in instances where the cost of removing and shipping the leased equipment may well exceed its fair-market value, such as with telephone systems and restaurant or store fixtures.
The expected significant risks and substantially all the reward of the leased asset(s) and the obligation imposed by the SPE's underlying debt reside directly or indirectly with the lessee through such means as, for example.
Kicks USA, a retailer of men's and women's athletic apparel and footwear, has leased 5,080 s/f, and King's Beauty Supply has leased 4,598 s/fat mixed-use Capitol Plaza, a 356,845 s/f center.
Another leasing and management assignment from SSR Really Advisors, Wall Towne Center is now fully leased.
The long-term lease -- the first consummated since LVMH Moet Hennessy Louis Vuitton net leased the property from the Goldman estate and began an extensive renovation that is now nearing completion - was announced by Colliers ABR, Inc.
Globalserve has leased 7,225 SF of the second floor.