Concept information
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]
Broader concept
Narrower concepts
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/lease
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