lease terms
1lease — 1 / lēs/ n [Anglo French les, from lesser to grant by lease, from Old French laisser to let go, from Latin laxare to loosen, from laxus slack] 1 a: a contract by which an owner of property conveys exclusive possession, control, use, or enjoyment… …
2lease of the reversion — A lease of property already subject to a lease, which is granted out of the reversion. It is also known as a concurrent lease. Sometimes a lease of the reversion may be called an overriding lease, however, that term has a specific meaning in the… …
3lease assignment — When a tenant assigns a lease he usually needs to obtain the landlord s prior written consent or licence to so. The landlord is likely to ask for references, accounts and so forth, to establish whether the assignee will be a good and creditworthy …
4lease plus agreement — (LPA). The standard form of agreement to govern the occupation of NHS LIFT premises. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …
5LEASE AND HIRE — The Hebrew term sekhirut embraces the lease of immovable property (houses and fields) as well as the hire of movable property and personal services, and is a near parallel of locatio conductio rei in Roman law. In this article the term hire is… …
6lease — lease1 W3 [li:s] n 1.) a legal agreement which allows you to use a building, car etc for a period of time, in return for rent lease on ▪ They took out a lease on a seven acre field. ▪ The landlord refused to renew his lease . ▪ The 99 year lease… …
7lease — a legal contract covering the possession and use of property, plant or equipment between the owner ( lessor) and another person ( lessee) at a given rent, for a stated length of time. Glossary of Business Terms A contract providing for the use of …
8Lease — A lease is a legal document, but can be an oral arrangement, which confers a right on one person (called a tenant or ) to possess property belonging to another person (called a landlord or lessor) to the exclusion of the owner landlord. The… …
9lease — {{Roman}}I.{{/Roman}} noun ADJECTIVE ▪ long, long term ▪ short, short term ▪ ten year, etc. ▪ commercial …
10Lease Balance — The amount of money that a customer owes under the terms of a vehicle lease contract. The lease balance becomes important in two main situations. The first is in the event that a car is stolen and not recovered, is totaled in an accident or is… …
