answersLogoWhite

0

The definition of lease is to cover the property, services or land for a certain period of time, to another person. A lease on a vehicle, for example, can last 1-5 years, at which time the driver does not own the vehicle, but the company provides services for it, and at the end of the lease the vehicle is returned to the company.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

What are the two types of leases?

The two types of leases are operating leases and capital leases. Operating leases are typically short-term and allow a company to rent assets without transferring ownership, while capital leases are long-term and often involve transferring ownership of the asset to the lessee at the end of the lease term.


What are the types of leases?

Two types of leases are the open ended lease and the fixed term lease.


What is the definition of Lessor?

One who leases; the person who lets to farm, or gives a lease.


What does short term lease mean?

Typically any lease less than 6 months would be considered a short term lease. Common short term leases are month to month and 3 month leases


Is there a maximum term for a lease in Florida?

No, but 99 year leases are very common.


How do commercial leases differ from residential leases?

Commercial leases are generally locked up for a much longer term then residential leases, and it's much, much harder to break a commercial lease. One big difference between commercial leases and residential leases that a lot of people don't realize is that commercial leases are not subject to many of the consumer protection laws that residential leases are. Make sure you know what you're getting into before signing. Most commercial leases are NNN which require the lessee to pay all utilities, insurance, and property taxes. Most residential leases are on a Gross rental basis and do not directly pay NNN charges. Commercial Appraiser http://www.harriscompanyrec.com


What has the author Marvin L Niehuss written?

Marvin L. Niehuss has written: 'Problems of long-term leases' -- subject(s): Land tenure, Landlord and tenant, Leases, Real property


What is considered a long term lease?

In Accounting, long-term typically refers to anything longer than one year. This includes leases.


Definition of long-Term Financing?

Definition of long-Term Financing?


What words can be made with the letters in leases?

leases


What are the usual lengths of a car lease?

Car leases vary greatly in term. However, many people take out 36 month leases, because they are able to take advantage of driving a new vehicle every three years. However, one and two year leases are also available and popular.


When is a leased fee analysis appropriate?

Leased fee analysis is appropriate when property is encumbered by long-term leases.