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A lease is a legal document, but can be an oral arrangement, which confers a right on one person (called a tenant or lessee) to possess property belonging to another person (called a landlord or lessor) to the exclusion of the owner landlord. The relationship between the tenant and the landlord is called a tenancy, and the right to possession by the tenant is sometimes called a leasehold interest. A lease can be for a fixed period of time (called the term of the lease) but may be terminated sooner. The consideration for the lease is called rent or the rental.

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Wikipedia about lease

A lease is a legal document, but can be an oral arrangement, which confers a right on one person (called a tenant or lessee) to possess property belonging to another person (called a landlord or lessor) to the exclusion of the owner landlord. The relationship between the tenant and the landlord is called a tenancy, and the right to possession by the tenant is sometimes called a leasehold interest. A lease can be for a fixed period of time (called the term of the lease) but may be terminated sooner. The consideration for the lease is called rent or the rental.

A lease should be contrasted to a license, which may entitle a person (called a licensee) to occupy property, but which is subject to termination at the will of the owner of the property (called the licensor).

Under normal circumstances, owners of property are at liberty to do what they want with their property, including dealing with it or handing over possession of the property to a tenant for a limited period of time. However, if an owner has surrendered possession to another (ie the tenant) then any interference with the quiet enjoyment of the property by the tenant in lawful possession is itself unlawful.

Similar principles apply to real property as well as to personal property, though the terminology would be different. Similar principles apply to sub-leasing, that is the leasing by a tenant in possession to a sub-tenant. The right to sub-lease can be expressly prohibited by the main lease.

Fixed-term tenancy or tenancy for years

A fixed-term tenancy or tenancy for years lasts for some fixed period of time. Despite the name tenancy for years, such a tenancy can last for any period of time  even a tenancy for one week would be called a tenancy for years. At Common law the duration did not need to be certain, but could be conditioned upon the happening of some event, (e.g. "until the crops are ready for harvest", "until the war is over"). In many jurisdictions that possibility has been partially or totally abolished.

A fixed term tenancy comes to an end automatically when the fixed term runs out, or, in the case of a tenancy that ends on the happening of an event, when the event occurs.

Periodic tenancy

A periodic tenancy, also known as a tenancy from year to year, month to month, or week to week, is an estate that exists for some period of time determined by the term of the payment of rent. An oral lease for a tenancy of years that violates the Statute of Frauds (by committing to a lease of more than--depending on the jurisdiction--one year without being in writing) may actually create a periodic tenancy, the construed term being dependent on the laws of the jurisdiction where the leased premises are located. In many jurisdictions the "default" tenancy, where the parties have not explicitly specified a different arrangement, and where none is presumed under local or business custom, is a month-to-month tenancy.

Search results for Lease

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News about Lease

Waterbury mayor seeks to back out of Bank Street lease, buy Wachovia building instead

Republican-AmericanWATERBURY — Mayor Michael J. Jarjura wants to pull out of a deal to lease city office space in the Jones & Morgan Building on Bank Street and instead buy the Wachovia Mortgage Corp. building on South Main Street for $4.2 million.http://rep-am.com/articles/2008/10/02/news/369543.txt

Hackett's signs lease agreement for LP store

Lake Placid NewsLAKE PLACID - The Patrick Hackett Hardware Company announced on Sept. 26 that it will open an 11th store location in Lake Placid, filling the retail space in the Cold Brook Plaza formerly occupied by Tops Friendly Markets. President and CEO Norman Garrelts said Hackett's, a regional department store, has signed a lease agreement valid until February 2016 for the 41,000-squarhttp://www.lakeplacidnews.com/page/content.detail/id/500509....

Offices for lease in Hanoi unable to find customers

Vietnam NetVietNamNet Bridge – The Hanoi market of offices for lease has become quiet over the last several months with leasing fees down by 25%. Meanwhile, it is expected that some one million sq m of offices will be put into operation in years to come.http://english.vietnamnet.vn/biz/2008/10/806649/

Pa. turnpike lease offer expires

UPI HARRISBURG, Pa., Oct. 1 (UPI) -- A group led by a Spanish toll road operator has jettisoned its $12.8 billion offer to lease the Pennsylvania Turnpike, the governor's office said.http://www.upi.com/Top_News/2008/10/01/Pa_turnpike_lease_off...

Pennsylvania Turnpike Lease Plan Withdrawn as Credit Market Tightens

Engineering News-RecordAconsortium looking to lease the Pennsylvania Turnpike for $12.8 billion has withdrawn its bid after state legislators failed to act on the proposal. The move comes as concerns mount within the transportation sector about the tightening credit markets.http://www.enr.construction.com/news/transportation/archives...

News about Lease

McCain helped businessman buy Fort Ord land for a fraction of its ...

Santa Cruz SentinelHe held a lease on the land that would have made it difficult for the Army to find another buyer. When Rep. Sam Farr, D-Carmel, later criticized the Army for "giving away" Fort Ord land during the 1990s, Deputy Assistant Secretary of the Army Paul ... http://www.santacruzsentinel.com/ci_10703310?source%253Dmost...

China Communist Party confident of economic growth

International Herald TribuneState media reports ahead of the meeting said the committee would review an amendment to the land management law to give its 750 million rural dwellers more freedom to lease or transfer their land, but the statement did not mention it. Such practices ... http://www.iht.com/articles/ap/2008/10/12/asia/AS-China-Comm...

Anti-mining protests in south Goa

Thaindian.comPanaji, Oct 12 (IANS) A fresh mining lease in the south Goan region of Quepem has led to a resurgence in anti-mining protests, even as police arrested seven people after villagers and activists came out on the streets and blocked the passage of ... http://www.thaindian.com/newsportal/uncategorized/anti-minin...

China agrees land reform package

BBC NewsPeople leaving the village to work in richer coastal areas often lease farming rights to others in informal arrangements. State media in recent days have been extolling the "success" of new farming arrangements in places such as Xiaogang village in ... http://www.bbc.co.uk/go/homepage/i/int/news/worldtop/2/-/new...

Student Connection seeks public status

Post-StarThere is urgency to the decision of who might take over the program because the lease to the building the Student Connection uses on Canada Street is up in December. A 30-day notice must be made before the expiration of the lease about whether the ... http://www.poststar.com/articles/2008/10/12/news/local/13996...

Search results for Lease

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Lease Agreements

Lease Agreements for all states. Available for instant download ... USLeaseAgreements.com™ is the #1 online provider one of residential, commercial lease agreements and ... http://usleaseagreements.com

LeaseTrader.com - Car Lease - Lease Assumption - Short Term Leases

Car lease: transfer car leasing marketplace, how auto leasing transfers works to get out of your lease and have a lease assumption or take a short term car lease and used car lease ... http://www.leasetrader.com/

New and Used Auto Lease and Loan Offers

Select a vehicle to see instant auto lease and loan offers. ... Your rates are competitive and the entire process was handled quickly and smoothly."http://www.leasecompare.com/lease_quotes.php

LeaseTrade.com - Trade, Assume, Swap or Transfer Out of a Lease Car

LeaseTrade.com is America's #1 Marketplace to trade, assume, swap, or transfer out of your lease car. Advertise your lease vehicle, find a buyer and walk away. Assume a lease on a ... http://www.leasetrade.com/
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Videos found for Lease

Animal Shelter Gets New Lease On Li...

Animal Shelter Gets New Lease On LifeAn animal shelter with a history of problems is now under new management. Rick Sallinger reports.Windows Media - Video

Future of Auto Leasing

Future of Auto LeasingWhether the traditional auto lease soon be a thing of the past, with Sergio Stiberman, LeaseTrader CEO/founderWindows Media - Video

Chrysler Leases, Wald Bisson C-Clas...

Chrysler Leases, Wald Bisson C-Class, Gumpert Apollo, BMW M6 CSL, Audi R8 V10 - 07/28/2008Chrysler leaves the lease business, a German tuner goes ballistic and the rumor mill heats up for BMW and Audi. Hosted by Derek DeAngelis. Visit http://feed.fastlanedaily.com and...Flash - Video

Web Site May Help You Out of Car Le...

Web Site May Help You Out of Car LeaseAre you looking for a new car but stuck in a lease? A solution may be just a website away.Video - Video

Zone Diet Creator Dr. Barry Sears a...

Zone Diet Creator Dr. Barry Sears and His Team of Physicians Give Manuel Uribe A New Lease on LifeManuel listed in the Guinness Book of World Records as the heaviest living man in the world, has lost more than one-third of his body weight and now weighs just over 800 pounds...Flash - Video

Videos found for Lease

Cedardale house for lease

Cedardale house for leaseCedardale house for lease 2 min 57 sec - Dec 11, 2006 short-term lease available.flash: 0 MB w:320px - h:240px

Sub lease office space downtown Mon...

Sub lease office space downtown MontrealSub lease office space downtown Montreal 2 min 14 sec - Dec 10, 2006 Sublease loft style office space downtown Montreal 1000 square feet of office space for lease downtown financial core Montreal. 1...flash: 0 MB w:320px - h:240px

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1862_lease_28.rm1862_lease56.rm 18-May-2004 18:09 390K 1862_lease256.rm 22-Jun-2001 11:51 2.5M 1862_lease_28.rm 22-Jun-2001 11:49 234K Intro.isdn.ram 18-Jun-2001 15:08 59realmedia: 0.2 MB w:160px - h:120px

VIDEO: 70 is the new 50, retirement...

VIDEO: 70 is the new 50, retirement residents get a new lease...VIDEO: 70 is the new 50, retirement residents get a new lease on lifequicktime: 2.8 MB w:480px - h:360px

Forest Park Board Approves Anual $2...

Forest Park Board Approves Anual $2-Million Lease Deal With BJC...Forest Park Board Approves Anual $2-Million Lease Deal With BJC For 12 Acresmsmedia: 5.7 MB w:400px - h:224px

Answers for Lease

nmjenior

The lease agrrement I signed contained the correct number of months but the wrong dates, what can I do?

nmjeniorHow was the correction made? Was it actually documented and signed on your copy of the lease? If you have a signed lease with the correct dates initialed by the previous manager, you should be able ...
Shane L

What happens to the tenents lease when an apartment complex is sold?

Shane LUsually the company that buys the complex assumes the leases. They could ask you to sign a new lease and if you don't want to could ask you to move
cucukachoo1

how do i dissolve a lease agreement without all of the penalty charges?

cucukachoo1That is why they make you sign papers.
Baby xinh 9x

We are trying to lease a Mercedes and have talked to approximately six different dealerships within our state?

Baby xinh 9xIf you think you need to have a new or used car to support your life activity, auto loan is the kind of loan which will guarantee a loan regardless of your credit rating

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