What is the synonym of lease?

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.

Is lease another word for rent?

Some common synonyms of rent are charter, hire, lease, and let.

What’s another word for lease agreement?

“To do so you define a user status for the rental agreement that disallows it being printed, for example, if no master tenant is assigned from partner management.” Find more words!…What is another word for rental agreement?

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.

How do you use the word lease?

1 The lease expires / runs out next year. 2 They’ve got a lease with five years to run. 3 They took out a lease on a seven-acre field. 4 Our present lease on the flat expires next month.

What does it mean to lease a property?

You’ll have a legal agreement with the landlord (sometimes known as the ‘freeholder’) called a ‘lease’. This tells you how many years you’ll own the property. Ownership of the property returns to the landlord when the lease comes to an end. Most flats are leasehold.

What is also called as capital lease?

A finance lease (also known as a capital lease or a sales lease) is a type of lease in which a finance company is typically the legal owner of the asset for the duration of the lease, while the lessee not only has operating control over the asset, but also some share of the economic risks and returns from the change in …

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.

What is the synonym of accommodation?

Synonyms for accommodation. compromise, concession, give-and-take, negotiation.

Is leading to synonym?

entail (verb) get at (verb) go (verb) induce (verb)

Is a lease a contract?

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 are the 3 types of leasing?

The three most common types of leases are gross leases, net leases, and modified gross leases.

1. The Gross Lease. The gross lease tends to favor the tenant. …
2. The Net Lease. The net lease, however, tends to favor the landlord. …
3. The Modified Gross Lease.

What does leasing mean in business?

In law it means there is a temporary transfer of assets such as business equipment or vehicles from one person or business to another. Under a lease contract, the lessor delivers its asset to the lessee. In return, the lessee makes regular lease payments, also called rentals or instalments.

What is an agreement to lease?

An agreement for lease is simply a contract between two parties to enter into a lease at some point in the future. It may grant the tenant a licence to enter into the premises to carry out works, but it is not a tenancy (i.e. a lease) in itself and does not allow the tenant many rights over the property.

What does lease of life mean?

Definition of a new lease on life : a chance to continue living or to become successful or popular again This medicine gives patients a new lease on life. After the movie was made, the book got a new lease on life.

What is lease and its types?

A lease is classified as a finance lease if it transfers the ownership of assets to the lessee. The example of finance lease may be the car lease in which lessee makes periodic payments to the lessor and after a specific period of time say after five years, the possession of car is transferred to the lessee.

What is the difference between lease and tenancy?

Tenancy agreements for residential houses range between three months to two years renewable at the expiry of this period. A lease on the other hand is a contract between a landlord and a tenant for a commercial building. This is usually for a longer period of time (usually 3 years and above).

What is the difference between leasing and letting?

– Leases favour those looking for certainty and security in their tenancy agreement. – Office rentals have shorter notice periods and thus offer more flexibility. – Renting (letting) may suit businesses that need to set up temporary operations or work on medium-term projects.

What is the difference between a rental agreement and a lease?

A rental agreement is short-term and the terms can be changed by either party, usually at the end of a 30-day period. Whereas a rental lease is a long-term agreement, with agreed terms and conditions that cannot be changed until the end of the lease, unless there is written agreement from both parties.