Leasing
/ˈliːsɪŋ/
Definitions
- (n.) A contractual arrangement whereby one party grants another the right to use property for a specified period in exchange for payment.
The company entered into a leasing agreement for the office space.
- (v.) The act of granting or acquiring a lease of property.
The landlord is leasing the apartment to new tenants.
Related terms
See also
Commentary
Leasing often involves both tangible and intangible assets; clarity in terms specifying duration, payments, and responsibilities is crucial in drafting.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.