Legal Contracts Vocabulary

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 a lease on a property

• The leaseholder is responsible for maintaining the property according to the terms of the lease agreement.
• As the leaseholder, you have the right to live in the apartment as long as you follow the rules.
• The leaseholder scored a sweet deal on their new place.
• Being a leaseholder of your own destiny means taking control of your life choices.

adjective not able to be foreseen or predicted

• The economic downturn was caused by a series of unforeseeable events.
• I never saw that coming, it was totally unforeseeable.
• That was a real curveball, totally unforeseeable.
• The storm of emotions that followed was like an unforeseeable tsunami.