Lease

A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent).

A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent).

A lease is a legal agreement that provides for the use of something - typically real estate or equipment - in exchange for payment.

Once a lease is signed, its terms, such as the rent, cannot be changed unless both parties agree. A lease is usually legally binding, which means you are held to its terms until it expires. If you break a lease, you could be held liable in court.

A written agreement between a property owner and a tenant (resident) that stipulates the payment and conditions under which the tenant may occupy a home or apartment and states a specified period of time.

A contract between the owner (lessor) and the tenant/user (lessee) stating the conditions under which the tenant/user may occupy or use a property, a vehicle, equipment, etc.

A contract in legal form that provides for the right to develop and produce resources within a specific area for a specific period of time under certain agreed-upon terms and conditions.