lease - Meaning in Tamil

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lease - Meaning in Tamil

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Definitions and Meaning of lease in English

lease noun

1. a contract granting use or occupation of property during a specified time for a specified payment
2. property that is leased or rented out or let

   Synonyms

   letting, rental

3. the period of time during which a contract conveying property to a person is in effect

   Synonyms

   term of a contract

lease verb

1. engage for service under a term of contract

   Synonyms

   charter, engage, hire, rent, take

   Examples

   • "Let's rent a car"
   • "Shall we take a guide in Rome?"
   • "We took an apartment on a quiet street"
2. grant use or occupation of under a term of contract

   Synonyms

   let, let, let, rent

   Example

   • "I am leasing my country estate to some foreigners"
3. let for money

   Synonyms

   rent

   Example

   • "We rented our apartment to friends while we were abroad"
4. hold under a lease or rental agreement; of goods and services

   Synonyms

   charter, hire, rent

Description

A lease is a contractual arrangement calling for the user to pay the owner for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment are also leased. Basically a lease agreement is a contract between two parties: the lessor and the lessee. The lessor is the legal owner of the asset, while the lessee obtains the right to use the asset in return for regular rental payments. The lessee also agrees to abide by various conditions regarding their use of the property or equipment. For example, a person leasing a car may agree to the condition that the car will only be used for personal use.

Also see "Lease" on Wikipedia

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