lease

lease
Noun: A contract for the possession and profits of lands and tenements on the one side, and a recompense of rent or other income on the other. A conveyance by one to be known as the "landlord" to another to be known as the "tenant," ordinarily for a term of years, but sometimes at will or for the life of the tenant, in consideration of payment of rent or other recompense. 32 Am J1st L & T § 2. Undoubtedly a "conveyance," although it conveys a lesser interest than does a deed. 32 Am J1st L & T § 3. Inclusive in modern times, of the bailment of a chattel, such as an automobile or a computer. Verb: To create a tenancy. Mallory Associates, Inc. v Barving Realty Co. 300 NY 297, 90 NE2d 468, 15 ALR2d 1193. To make a bailment of a chattel. See leasehold.

Ballentine's law dictionary. . 1998.

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Synonyms:
(for a term of years)


Look at other dictionaries:

  • lease — 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… …   Law dictionary

  • lease — [lēs] n. [ME leas < Anglo Fr les < OFr lais < laissier: see LEASH] 1. a contract by which one party (landlord, or lessor) gives to another (tenant, or lessee) the use and possession of lands, buildings, property, etc. for a specified… …   English World dictionary

  • lease — lease; lease·less; lease·man; re·lease·ment; re·lease; sub·lease; …   English syllables

  • Lease — (l[=e]s), v. t. [imp. & p. p. {Leased}; p. pr. & vb. n. {Leasing}.] [F. laisser, OF. laissier, lessier, to leave, transmit, L. laxare to loose, slacken, from laxus loose, wide. See {Lax}, and cf. {Lesser}.] 1. To grant to another by lease the… …   The Collaborative International Dictionary of English

  • Lease — (l[=e]s), n. [Cf. OF. lais. See {Lease}, v. t.] 1. The temporary transfer of a possession to another person in return for a fee or other valuable consideration paid for the transfer; especially, A demise or letting of lands, tenements, or… …   The Collaborative International Dictionary of English

  • Lease — steht für: einen Vorgang beim Dynamic Host Configuration Protocol ein Rechtsinstitut im common law, siehe Landlord and tenant law Lease ist der Familienname folgender Personen: Rex Lease (1903–1966), US amerikanischer Schauspieler Siehe auch:… …   Deutsch Wikipedia

  • lease — ► NOUN ▪ a contract by which one party conveys land, property, services, etc. to another for a specified time, in return for payment. ► VERB ▪ let or rent on lease. ● a new lease of life Cf. ↑a new lease of life DERIVATIVES leasable ad …   English terms dictionary

  • Lease — (l[=e]z), v. i. [AS. lesan to gather; akin to D. lezen to gather, read, G. lesen, Goth. lisan to gather; cf. Lith lesti to peck.] To gather what harvesters have left behind; to glean. [Obs.] Dryden. [1913 Webster] …   The Collaborative International Dictionary of English

  • lease–up — n: the act or practice of finding or acquiring tenants Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Lease — (engl., spr. Lihs), 1) Verpachtung, Pachtgeld; 2) Pachtgeld von Gütern od. Grund u. Boden auf eine gewisse Zeit, um auf 99 Jahre Häuser darauf zu bauen, daher Leaseholder, so v.w. Pächter …   Pierer's Universal-Lexikon

  • Lease — Lease, Verpachtung einer Eisenbahn, meist auf eine Zeit von 99 oder 999 Jahren, ist eine in den Vereinigten Staaten von Amerika häufig vorkommende Form einer verschleierten Verschmelzung von Eisenbahngesellschaften. Die volle, tatsächliche und… …   Enzyklopädie des Eisenbahnwesens

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