Lease


Definition of "Lease"

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.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Closing Costs

Fees and expenses incurred by a homeowner in negotiating and financing the acquisition of a home and ...

Percentage-of Completion Method

Recognizes profit on a long-term construction contract as it is earned gradually during the construc ...

Housing Code

Established federal, state or local structural building requirements that have to be adhered to so a ...

Grantor Retained Trust

Trust under which grantor retains income from the assets that have been transferred to the trust. Th ...

Strikes, Riots, And Civil Commotion Clause

Exemption in ocean marine policy for losses caused by strikes, riots, and civil commotion. ...

Land

Real estate held for productive use or investment. Land is recorded at the acquisition price plus ...

Related Real Estate FAQ

What Is A Home Warranty?

A home warranty is a guarantee for certain features of a new home-for instance, the materials and wo ...

When Should I Get Travel Insurance?

You should definitely consider getting travel insurance when doing or bringing any of the following ...

What Is A VA Loan?

A VA loan is a type of loan available to veterans and guaranteed by the Department of Veterans\' Aff ...

What Is A Deed?

A deed is a legal document that conveys the title to a property. ...

What Is A Loan Origination Fee?

A loan origination fee is a fee charged by the lender-usually 1 percent of the loan amount. ...

What Is Earnest Money?

Earnest money is a deposit you make when you make an offer on a house. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

What is Hazard Insurance? How to Defray the Hidden Costs of Home Ownership Top Five Reasons Your Home Offer was Rejected How To Sell Your Home What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes?

FAQ

How Much Can I Afford ? What is an amortization? What do I need to know about Renters Insurance, and what does it cover? What is the Tax Benefits of Buying a Home? What do I need to know about Pet Insurance?