Lease

A contract for the owner of an asset (the lessor) to offer rights to use the asset to another party (the lessee) for a certain period.

In return, the lessee makes payments of pre-determined amounts to the lessor.

For example, if we lease a vehicle for a monthly payment we are entitled to use it.

But we are not the owner of the vehicle.

See also

• Assets
• Contract
• Contract hire
• Contract purchase
• Dry
• Finance lease
• FLA
• FMS
• Freehold
• Hire purchase
• Ijara
• Landlord
• Leasehold
• Lessee
• Lessor
• Licence
• Operating lease
• Real estate
• Sale and leaseback
• Tenancy
• Tenant
• Tenure
• Wet