What is mean by lease in Urdu?

What is mean by lease in Urdu?

1) lease. Noun. Property that is leased or rented out or let. اجارہ پٹا

What do you mean by lease?

1 : a contract by which one conveys real estate, equipment, or facilities for a specified term and for a specified rent took out a five-year lease on the house also : the act of such conveyance or the term for which it is made. 2 : a piece of land or property that is leased.

What is lease example?

The definition of lease is to rent property out to someone or to agree to rent someone else’s property. An example of lease is when you rent your apartment out to a tenant. An example of lease is when you decide to rent an apartment to live in.

What is difference between lease and rent?

The main difference between a lease and rent agreement is the period of time they cover. A rental agreement tends to cover a short term—usually 30 days—while a lease contract is applied to long periods—usually 12 months, although 6 and 18-month contracts are also common.

What is the synonym of lease?

Some common synonyms of lease are charter, hire, let, and rent. While all these words mean “to engage or grant for use at a price,” lease strictly implies a letting under the terms of a contract but is often applied to hiring on a lease.

What is lease law?

Lease is a transfer of an interest in the property for a stipulated period of time without transferring the ownership of that property. In a lease, right of possession is transferred instead of the right of ownership.

What is lease property in Pakistan?

ZAFAR & ASSOCIATES – LLP | Leasing Law – Pakistan. Leasing law corresponds with the lease, a transfer of an interest in the property for a stipulated period of time without transferring the ownership of that property. In a lease, right of possession is transferred instead of the right of ownership.

Does lease mean rent?

The lease is an agreement between two parties in which one party allows the other party to use and control the asset for a defined period, without actually buying it. It is not exactly same as renting, but a form of it.

What is leasing a house?

A lease is a contract between a tenant and landlord that gives a tenant the right to live in a property for a fixed period of time, typically covering a 6- or 12-month rental period. A contract between the landlord and tenant binds the parties to the lease.

How do leases work?

Leasing allows you to drive a car without actually buying it or paying a huge sum. When you lease a car, you only have to pay regular monthly instalments for as long as you keep the car. These instalments include the cost of the vehicle, insurance, maintenance, applicable taxes and other recurring costs.

What are the 4 types of leases?

There are, in general, four types of leases: the gross lease, the modified gross lease (or net lease), the triple net lease, and the bond lease.

What are the 3 main types of lease?

The three main types of leasing are finance leasing, operating leasing and contract hire.

• Finance leasing. …
• Operating leasing. …
• Contract hire.

What is lease on a flat?

A lease is a contract between the leaseholder and the landlord giving conditional ownership for a fixed period of time. It is an important document and leaseholders should ensure that they have a copy and that they understand it.

What is a lease for an apartment?

A lease deed is a written contract between the property owner and the tenant that carries all the terms and conditions. A lease deed is signed between the two parties at the time of renting of commercial property. A lease deed has to be registered, if the lease period is for more than 11 months.

Whats the purpose of a lease?

A lease is a contract outlining the terms under which one party agrees to rent an asset—in this case, property—owned by another party. It guarantees the lessee, also known as the tenant, use of the property and guarantees the lessor (the property owner or landlord) regular payments for a specified period in exchange.

What is a synonym for mortgage?

In this page you can discover 29 synonyms, antonyms, idiomatic expressions, and related words for mortgage, like: lease, amortize, deed, encumbrance, title, contract, lien, hock, transactions, loan and pawn.