What Is Meant by the Term “Lease”?
A lease is a contractual agreement between the lessor (the owner of the property) and the lessee (the user of the property) that gives the lessee the right to use the lessor’s property for a specific period of time in exchange for stipulated cash payments.
About the Author
True Tamplin, BSc, CEPF®
True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.
True contributes to his own finance dictionary, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.