Business Dictionary :
Lease

Previous Page


Lease : noun : written contract for letting or renting of a building or a piece of land or a piece of equipment for a period against payment of a fee


Long Lease = lease which runs for fifty years or more


Short Lease = for up to two or three years

To take an office building on a long lease

We have a short lease on our current premises

To rent office space on a twenty-year lease

Full Repairing Lease = lease where the tenant has to pay for all repairs to the property


Head Lease = lease from the freeholder to a tenant


Sublease = lease from a tenant to another tenant


Under Lease = lease from a tenant to another tenant

The lease expires or runs out in 1989.

The lease comes to an end in 1989.

On expiration of the lease = when the lease comes to an end

To hold an oil lease in the North Sea…

To have a lease on a section of the North Sea to explore for oil…

Lease : verb : to let or rent offices or land or machinery for a period

To lease offices to small firms

To lease equipment

Lease : verb : to use an office or land or machinery for a time and pay a fee

To lease an office from an insurance company…

All our company cars are leased.

Lease Back : verb : to seal a property or machinery to a company and then take it back on a lease

They sold the office building to raise cash and then leased it back for twenty-five years.

Lease-Back : noun : arrangement where property is sold and then taken back on a lease

They sold the office building and then took it back under a lease-back arrangement.

Leasehold : noun & adjective : holding property on a lease

Leasehold property…

The company has some valuable leasehold.

To buy property leasehold…

Leaseholder : noun : person who holds a property on a lease


Leasing : noun : which leases or working under a lease

The company has branched out into car leasing.

An equipment-leasing company…

To run a copier under a leasing arrangement…

NOTE : No plural

Business Dictionary Index

From Lease to HOME PAGE