Leasing Agreement
/ˈliːsɪŋ əˌɡriːmənt/
Definitions
- (n.) A legally binding contract between a lessor and a lessee outlining terms for property rental.
The leasing agreement specifies the monthly rent and duration of the lease.
- (n.) A contract granting the right to use property or assets for a specified period in exchange for payment.
He signed a leasing agreement for the commercial office space.
Forms
- leasing agreement
- leasing agreements
Related terms
See also
Commentary
Leasing agreements are typically drafted to specify terms clearly to avoid disputes; precise definition of rights and obligations is crucial.
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.