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Preferred term

lease  

Definition

  • A lease is a contract that conveys the rights of use and possession of a property from a landlord to a tenant for a period of time in exchange for rent. To be enforceable in court, most states require such contracts to be in written form if the time period is 1 year or longer. [Source: The Encyclopedia of Housing; Lease]

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URI

https://concepts.sagepub.com/social-science/concept/lease

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