lease contract

Tenant's binding document

A lease contract is a binding agreement in which one party grants another the right to use property—typically real estate, vehicles, or equipment—for a specified period in exchange for payment.

The term is somewhat redundant, since a lease is itself a type of contract, but appears in legal and business contexts for emphasis: Review the lease contract before signing.

Opposites
ownership vs. temporary use rights

lease contractdeed

Written property conveyance

title · property deed · title deed · certificate of title · bill of sale

formal agreement vs. informal arrangement

lease contractverbal agreement

Spoken mutual commitment

handshake deal · gentleman's agreement · squatter's rights

Family

contract, lease, leasing, contractual

Familiarity
Top 200,000
Profile
Used worldwide · Timeless · Concrete · Rated G