History, asked by ifhamfayaz079, 6 months ago

What do you mean by the term lease?

Answers

Answered by dram63
0

Answer:

IN SHORT LEASE MEANS ON RENT.....

WE ALSO HAVE ANOTHER MEANING OF LEASE EXPLAINED BELOW....

Explanation:

A lease is a contract outlining the terms under which one party agrees to rent property owned by another party. It guarantees the lessee, also known as the tenant, use of an asset and guarantees the lessor, the property owner or landlord, regular payments for a specified period in exchange.

MARK AS BRAINLIEST....

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