lease

(noun)

A contract granting use or occupation of property during a specified period in exchange for a specified rent.

Related Terms

Examples of lease in the following topics:

  • Leasing

    • For example, customers often lease software products.
    • Additional advantages of B2B leasing agreements include flexible lease-to-own programs.
    • A lease can be structured to allow the purchase of equipment at the end of the lease for fair market value of the hardware.
    • However, some leases will allow product upgrades before the end of the lease.
    • Leasing terms sometimes include hidden fees and penalties at the conclusion of the lease, all of which can cost the organization extra money.

  • Fixed Costs

    • Warehouse costs and the like are fixed only over the time period of the lease.