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What is a lease?

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Written or implied contract by which an owner (the lessor) of a specific asset (such as a parcel of land, building, equipment, or machinery) grants a second party (the lessee) the right to its exclusive possession and use for a specific period and under specified conditions, in return for specified periodic...
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Written or implied contract by which an owner (the lessor) of a specific asset (such as a parcel of land, building, equipment, or machinery) grants a second party (the lessee) the right to its exclusive possession and use for a specific period and under specified conditions, in return for specified periodic rental or lease payments. A long-term written lease (also called a deed) creates a leasehold interest which in itself can be traded or mortgaged, and is shown as a capital asset in a firm's books. Advantages of leasing include (1) lack of restrictive covenants (common in bank loans and bond indentures), (2) conservation of capital (because the lessor provides 100 percent financing), (3) tax savings (in most cases), (4) avoidance of the risk of obsolescence, and (5) relative ease of obtaining a lease as opposed to a comparable bank loan. read less
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lease means right to use any immovable assets
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Judiciary Trainer

Transfer of right to rnjoy such immovable property,made for a certain time or in perpetuity in consideration of price paid or promised
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Transforming academic dreams into reality with 100 % success rate.since the past 30 years.

A lease is an agreement outlining the terms under which one party agrees to rent /leaseproperty from another party.for a specific period of time.A lease guarantees the lessee (the renter) use of an asset and guarantees the lessor (the property owner) regular payments from the lessee . The ownership...
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A lease is an agreement outlining the terms under which one party agrees to rent /leaseproperty from another party.for a specific period of time.A lease guarantees the lessee (the renter) use of an asset and guarantees the lessor (the property owner) regular payments from the lessee . The ownership remains with the lessor , however the lessee continues to use the property , for the lease period by paying the lease rent at regular intervals , i.e amonth ,year etc. read less
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