BASIC RENTAL AGREEMENT OR RESIDENTIAL LEASE This Rental Agreement or Residential Lease shall evidence the complete terms and conditions under which the parties have agreed.

A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment is also leased. Broadly put, a lease agreement is a contract between two parties, the lessor and the lessee. The lessor is the legal owner of the asset; the lessee obtains the right ...

Lease definition, a contract renting land, buildings, etc., to another; a contract or instrument conveying property to another for a specified period or for a period determinable at the will of either lessor or lessee in consideration of rent or other compensation. See more.

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Define lease. lease synonyms, lease pronunciation, lease translation, English dictionary definition of lease. n. 1. A contract granting use or occupation of property during a specified period in exchange for a specified rent or other form of payment. 2.

A lease is a legal document outlining the terms under which one party agrees to rent property from another party. A lease is a legal document outlining the terms under which one party agrees to rent property from another party.