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.

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.

Answer / pathi

contract of security is using their particular period is
called lease.

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

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.

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.

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)

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