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A lease is a contract conferring 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. It is a rental agreement between landlord and tenant. 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 contract conferring 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. It is a rental agreement between landlord and tenant. 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.

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News about Lease

East Ramapo tentatively accepts bid to lease out Colton School

The Journal NewsSPRING VALLEY - The East Ramapo Board of Education last night decided to go ahead with plans to close and lease out Colton Elementary School and fund the marching band despite the threat of legal action and a pending tax by the MTA.http://lohud.com/article/20090507/NEWS03/905070468/1019/NEWS...

West Kern Water District Approves Community Garden Lease

The Taft IndependentTaft Community Garden's joined the Taft Chamber of Commerce Wednesday and cut their Grand Opening Ribbon. During the recent Water District meeting, the WKWD board approved to lease a parcel of land to the Taft Community Gardens project.http://www.taftindependent.com/news/view_article/1014

Bengali Don Quixote gets new lease of life

Hindustan TimesCOMMENT ON THIS ! Your Views! Five hundred years after Cervantes brought to life the tales of knight errant Don Quixote in his Spanish original El Ingenioso Hidalgo don Quijote de la Mancha , a professor at the Jawaharlal Nehru University in New Delhi, gave the knight a new lease of life with an Indian reprint as part of the St George's (San Jorge) Day celebrations.http://www.hindustantimes.com/StoryPage/StoryPage.aspx?id=b4...

More redundancies loom at Bovis Lend Lease

contractjournal.comBovis Lend Lease employees are preparing for redundancies after the firm announced a major restructuring this week to take it through the "desert" of the recession.http://www.contractjournal.com/Articles/2009/05/08/67648/mor...

State lawmakers eye gas lease tax treatment

The Daily ItemPennsylvania lawmakers are looking at how property owners should be taxed for leasing land for oil and gas exploration and other energy production.A House panel heard from farm and business representatives and others at a hearing Thursday in Williamsport.The Agricultural and Rural Affairs Committee is looking at bills dealing with the tax impact if property owners lease land for energy ...http://www.dailyitem.com/0100_news/local_story_128120548.htm...

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

Lease legal definition of Lease. Lease synonyms by the Free Online Law ...

A contractual agreement by which one party conveys an estate in property to another party, for a limited period, subject to various conditions, in exchange for something of value ... http://legal-dictionary.thefreedictionary.com/lease

swapalease.com - car lease takeover - auto lease assumption - car ...

Swapalease.com - The number one car lease transfer takeover marketplace. Get out of your auto lease early without penalties or take over an existing short term leasehttp://www.swapalease.com/?country=us

Residential Lease Agreement - Free Legal Forms - All 50 States

Free professional quality residential lease agreements (landlord and tenant agreements) for use in all 50 states. Modify them to suit your specific needs.http://www.ilrg.com/forms/lease.html

Lease financial definition of Lease. Lease finance term by the Free ...

Lease. A long-term rental agreement, and a form of secured long-term debt. lease. An agreement that permits one party (the lessee) to use property owned by another party (the ... http://financial-dictionary.thefreedictionary.com/lease

lease - definition of lease by the Free Online Dictionary, Thesaurus ...

lease (l s) n. 1. a. A contract granting use or occupation of property during a specified period in exchange for a specified rent. b. The term or duration of such a contract.http://www.thefreedictionary.com/lease

Wikipedia results for Lease

Lease - Wikipedia, the free encyclopedia

A lease is a contract conferring 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 ... http://en.wikipedia.org/wiki/Lease

Lend-Lease - Wikipedia, the free encyclopedia

Lend-Lease (Public Law 77-11) [1] was the name of the program under which the United States of America supplied the United Kingdom, the Soviet Union, China, France and other Allied ... http://en.wikipedia.org/wiki/Land_Lease

Leasing - Wikipedia, the free encyclopedia

Leasing is a process by which a firm can obtain the use of a certain fixed assets for which it must pay a series of contractual, periodic, tax deductable payments.http://en.wikipedia.org/wiki/Leasing

Lease-option - Wikipedia, the free encyclopedia

A lease option (or lease purchase) is the abbreviated form of the appropriate term lease with option to purchase. It is a type of contract used in residential real estate.http://en.wikipedia.org/wiki/Lease-option

Novated lease - Wikipedia, the free encyclopedia

A novated lease is a type of motor vehicle lease common in Australia that allows a business to lease a motor vehicle on behalf of an employee, with the responsibility for the lease ... http://en.wikipedia.org/wiki/Novated_lease
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Videos found for Lease

Lease on life for Chrysler

Lease on life for ChryslerSome analysts say the bankrupcty may not be as brief as Obama wants, and that it will likely send shock waves through the U.S. auto industry.Flash - Video

Obama: ‘New lease on life’ for ...

Obama: ‘New lease on life’ for ChryslerApril 30: President Barack Obama outlines the partnership agreement between the struggling U.S. automaker and Italian company Fiat. NBC’s Brian Williams reports. (MSNBC)Windows Media - Video

Lease on life for Chrysler?

Lease on life for Chrysler?Some analysts say the bankrupcty may not be as brief as Obama wants, and that it will likely send shock waves through the U.S. auto industry.Flash - Video

Cutter The Dolphin Is Getting New L...

Cutter The Dolphin Is Getting New Lease On LifeHe's playful and energetic, but this Dolphin's life wasn't always like this. He's being rehabilitated in the Florida Keys to be released out into the wild..Windows Media - Video

Bankruptcy Could Be Chrysler's New ...

Bankruptcy Could Be Chrysler's New Lease On LifeChrysler is filing for chapter 11 bankruptcy, meaning it's eligible for another $8 billion in federal aid. CBS 2's Jennifer McLogan reports on what this will mean to the...Windows Media - Video

Answers for Lease

collegeboy2178How can I get out of my apartment lease?collegeboy2178Most likely the landlord purposefully omitted the job transfer clause. So you might be out of luck. But don't give up hope! Often if you merely explain the situation to the landlord they may make a...smeshie123How to break a lease contract that has no clause for breakage?smeshie123Sorry, the lease is legally for that very reason so a tenant cannot just leave without the potential of law suit, lien assets or garnishment of wages as allowed under the landlord tenant laws in your ...MironHow can I lease my property for commercial use, preferably for Assisted Living?MironYou would need to start with the local planners (usually city or county assessor's office or planning dept/board) to find out if the propperty is zoned for comercial use or not. Something such as ass...jrut4589@sbcglobal.netEnd of our lease agreement, do we still have to give a 30-day notice?jrut4589@sbcglobal.netYou have to act in accordance with the terms of the lease. If the lease expires on a certain date and can only be renewed on certain conditions then if those conditions are not satisfied you have to l...nmjeniorThe 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 ...
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