The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.
lease — 1 / lēs/ n [Anglo French les, from lesser to grant by lease, from Old French laisser to let go, from Latin laxare to loosen, from laxus slack] 1 a: a contract by which an owner of property conveys exclusive possession, control, use, or enjoyment… … Law dictionary
month-to-month — Refers to a tenancy in which the tenant pays monthly rent and has no fixed term lease; the tenancy can be terminated by the landlord at any time, typically on 30 days notice (subject to local rent control regulations). Category: Real Estate &… … Law dictionary
Lease — A lease is a legal document, but can be an oral arrangement, which confers a right on one person (called a tenant or ) to possess property belonging to another person (called a landlord or lessor) to the exclusion of the owner landlord. The… … Wikipedia
lease — Any agreement which gives rise to relationship of landlord and tenant (real property) or lessor and lessee (real or personal property). Smith v. Royal Ins. Co., C.C.A.Cal., Ill F.2d 667, 671. A contract for exclusive possession of lands,… … Black's law dictionary
lease — Any agreement which gives rise to relationship of landlord and tenant (real property) or lessor and lessee (real or personal property). Smith v. Royal Ins. Co., C.C.A.Cal., Ill F.2d 667, 671. A contract for exclusive possession of lands,… … Black's law dictionary
Month-To-Month Tenancy — A type of rental agreement. Month to month tenancy is based upon the idea that the lease is renewed at the end of each month. If the renter decides to leave at the end of the month, then he/she/they may do so without breaking the lease. In a… … Investment dictionary
LEASE AND HIRE — The Hebrew term sekhirut embraces the lease of immovable property (houses and fields) as well as the hire of movable property and personal services, and is a near parallel of locatio conductio rei in Roman law. In this article the term hire is… … Encyclopedia of Judaism
lease term — The duration of the lease. 24 and 36 month leases are the most common but you can lease a vehicle for 12, 48, or even 60 months if you choose. Remember that your monthly payment will change depending on the length of the lease … Dictionary of automotive terms
month — A division of time, to be computed by the calendar, unless a contrary meaning is indicated by the statute or contract under construction. 52 Am J1st Time § 11. A calendar, rather than a lunar month. McGinn v State, 46 Neb 427, 65 NW 46… … Ballentine's law dictionary
Minimum Lease Payments — The lowest amount that a lessee can expect to make on a lease over its lifetime. Accountants calculate minimum lease payments in order to assign a present value to a lease. The method of calculating minimum lease payments is laid out in the… … Investment dictionary
