Thursday, September 23, 2010

What is a Lease?

A lease is a written contract or agreement renting land or building to another person. The lease or written contract is conveying property to another for a specified period of time, determined by the parties involved, in consideration of rent or other compensation for such property. A legal agreement on paper assigning property or contract to rent.

Learn more real estate terms and definitions at http://www.wordsnterms.com/

Dictionary and Thesaurus provided by http://www.mrpmrentals.com/

No comments:

Post a Comment