Lease


Definition of "Lease"

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Written agreement in which the lessee pays rent to the lessor for the use of real property for a stated time period. An example is the tenant's rental of an apartment or office space.

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Popular Real Estate Terms

Capital Lease

Rental in which the lessee obtains major property rights. Although not legally a purchase of property, theoretical substance governs over legal form a ...

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Rental agreement directly between the landlord and tenant. If the tenant then rents it out to another, it is referred to as a sublease. The relationsh ...

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Popular Real Estate FAQ

I Dont Know The Zip Code Of My Areas. How Do I Find An Agent That Is Right For Me In My Area.

Please refer to our directory, where you will be able to browse using Counties and/or Cities. ...

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A proprietary lease is lease used for co-ops that give the shareowners the right to live in a particular unit. ...

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A lease purchase mortgage is a financing option that allows potential homebuyers to lease a property with the option to buy. Often constructed so the ...

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An opinion of a properties fair market value, based on an appraisers inspection and analysis of the property. ...

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