Lease Definition
Subject: Finance | Topics:

Lease is a legal document outlining the terms under which a party agrees for to rent property by another party. A lease guarantees the lessee (the renter) use of an asset to guarantees the lessor (the property or home owner) regular payments from the lessee for a specified amount of months or several years. Both the lessee plus the lessor must support the terms in the contract for the lease to remain valid.

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