A legal agreement in which a landlord agrees to rent out a property to a tenant for a specific period of time. A lease typically outlines the terms and conditions of the rental agreement, including the amount of rent, the length of the lease, and any restrictions on the use of the property. There are two main types of lease agreements: a fixed-term lease and a periodic lease, each with its own terms, conditions and legal implications.
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What does lease mean?
Related terms
Seller Broker
Escrow Agent
Housing Discrimination
Domicile
Truth-In-Lending Act
Insurable Title
Controlled Growth
Judgment
Tenant Improvements
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Eminent Domain
Multi Listing Services
High Density
Federal Home Loan Mortgage Corporation, Law
Initial Interest Rate
Agency
Equifax
Dual agency
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