Lease

Lease is a contract to use a property. An agreement for a person or organization to rent a property (lessee) from its owner (lessor) for a specific period of time and amount of money.

Definition

According to the HRBoK Guide,

Lease. A contract to use a property. An agreement for a person or organization to rent a property (lessee) from its owner (lessor) for a specific period of time and amount of money.