Financial Lease Terms

noun a contract by which one party conveys land, property, services, etc., to another for a specified time, usually in return for a periodic payment

verb to grant the temporary possession or use of (land, buildings, rooms, etc.) to another in return for rent

• The company signed a lease agreement for a new office space.
• We finally found a place to lease for our new business.
• I'm thinking of leasing a sweet ride for the weekend.
• She decided to lease out her talents to the highest bidder.

noun a person who holds the lease of a property; a tenant

• The lessee is responsible for maintaining the property according to the lease agreement.
• The lessee needs to make sure they take good care of the rental property.
• The lessee better not trash the place or they'll lose their security deposit.
• As the lessee of your own life, you have the power to make decisions that shape your future.