Lease
71Lease-holder — (engl., spr. lis hōlder), s. Tenant …
72lease-pur|chase — «LEES PUR chihs», adjective. U.S. of or having to do with a government program under which money is borrowed from private lenders to finance construction of Federal buildings. The Government takes title to the buildings when the debt is… …
73lease|back — «LEES BAK», noun. = sale and leaseback. (Cf. ↑sale and leaseback) …
74LEASE 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… …
75Lease-option — A lease option (or lease purchase) is the abbreviated form of the appropriate term lease with option to purchase. It is a type of contract used in residential real estate. The contract is typically between two parties: the tenant (also called the …
76Lease Balance — The amount of money that a customer owes under the terms of a vehicle lease contract. The lease balance becomes important in two main situations. The first is in the event that a car is stolen and not recovered, is totaled in an accident or is… …
77Lease Extension — A legal agreement that extends the term of a rental agreement. The lease extension document should name the parties to the agreement, provide the dates on which the extension begins and ends, and reference the earlier agreement that is being… …
78Lease Rate — The amount of money paid over a specified time period for the rental of an asset, such as real property or an automobile. The lease rate that the lender earns from allowing someone else to use his property compensates him for not being able to… …
79lease in reversion — A lease that becomes effective only at the expiration of the term of the prior lease. That the lease is to have this effect may be expressed in two ways, i. e., the time set for the beginning of the term in the second lease may be made to… …
80Lease purchase contract — A lease purchase contract (or lease option contract) is the abbreviated form of the appropriate term lease with option to purchase contract. It is a form of real estate purchase which combines elements of a traditional rental agreement with an… …
