Lease
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Lease refers to a period of time in which an asset or property is used by another party. It usually involves a rental agreement, where the tenant (the party using the asset) pays a monthly or yearly rental fee to the owner (the party who owns and manages it). The term is derived from the Latin word lease meaning to grant or transfer something in exchange for payment.
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(chiefly dialectal) To gather.
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a contract granting use or occupation of property during a specified time for a specified payment
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hold under a lease or rental agreement; of goods and services
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grant use or occupation of under a term of contract
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engage for service under a term of contract
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To glean; to gather what the harvest men leave.
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A lease is a contractual arrangement calling for the user (referred to as the lessee) to pay the owner (referred to as the lessor) for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment are also leased. Basically a lease agreement is a contract between two parties: the lessor and the lessee. The lessor is the legal owner of the asset, while the lessee obtains the right to use the asset in return for regular rental payments. The lessee also agrees to abide by various conditions regarding their use of the property or equipment. For example, a person leasing a car may agree to the condition that the car will only be used for personal use.
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to grant to another by lease the possession of, as of lands, tenements, and hereditaments; to let; to demise; as, a landowner leases a farm to a tenant; -- sometimes with out
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to hold under a lease; to take lease of; as, a tenant leases his land from the owner
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a demise or letting of lands, tenements, or hereditaments to another for life, for a term of years, or at will, or for any less interest than that which the lessor has in the property, usually for a specified rent or compensation
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any tenure by grant or permission; the time for which such a tenure holds good; allotted time
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lēs, n. in weaving, the plane in which the warp-threads cross: this system of crossing.
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property that is leased or rented out or let
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to gather what harvesters have left behind; to glean
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the contract for such letting
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the period of time during which a contract conveying property to a person is in effect
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lēs, n. a contract letting a house, farm, c. for a term of years: the duration or term of tenure: any tenure.—v.t. to let for a term of years:—pr.p. leas′ing; pa.t. and pa.p. leased.—adjs. Leas′able; Lease′hold, held by lease or contract.—n. a tenure held by lease.—ns. Lease′holder; Leas′er, one who leases. [Fr. laisser, to leave—L. laxāre, to loose, laxus, loose.]
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lēz, v.i. (prov.) to glean.—n. Leas′ing, gleaning. [A.S. lesan, to gather.]
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