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What is meant by Lease?
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Answer / akki
using somebodys assest for the particular period and paying
the rentle for the period is called as leasing.for eg.,
taking room of hotel for a night, taking a car on rent.
| Is This Answer Correct ? | 10 Yes | 1 No |
Answer / ameet
A lease is a legal document which confers right on one
person called a tenant or lessee to possess property
belonging to another person called a landlord or lessor.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / pathi
contract of security is using their particular period is
called lease.
| Is This Answer Correct ? | 7 Yes | 5 No |
Answer / larson
A lease is a contract conferring a right on one person
(called a tenant or lessee) to possess property belonging
to another person (called a landlord or lessor) to the
exclusion of the owner landlord, and all others except with
the invitation of the tenant.
It is a rental agreement between landlord and tenant
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / anuj sharma ( ibs-g)
It is a contarct where lessor allows lessor to use the
assets in consideration of money in return which is called
rent.. the lessee cannot claim right of ownership.
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / vandana gupta
An agreement in which one party gains a long-term rental
agreement, and the other party receives a form of secured
long-term debt.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / shrikant dayama
Written or implied contract by which an owner (the lessor) of a specific asset (such as a parcel of land, building, equipment, or machinery) grants a second party (the lessee) the right to its exclusive possession and use for a specific period and under specified conditions, in return for specified periodic rental or lease payments. A long-term written lease (also called a deed)
| Is This Answer Correct ? | 0 Yes | 0 No |
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