Durable lease

Durable lease

A lease that reserves a rent payable annually, usu, with a right of recentry for nonpayment.

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Part of Speech: noun
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Industry/Domain: Law enforcement
Category: Crime & punishment
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Related terms

durable lease

Law enforcement; Crime & punishment

A lease that reserves a rent payable annually, usu, with a right of recentry for nonpayment.

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Accounting; Auditing

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 ...

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Law; General law

A form of contract, whereby the owner of a property allows another to possess and use the same for a limited period of time, subject to certain conditions, in exchange of rent or ...

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Automotive; Automobile

A contract between lessor and lessee for a specified time period and at a specified payment. The title to the car remains in the name of the lessor as owner of the asset.

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Earth science; Mapping science

A written document by which the possession of land and/or a building is given by the owner to another person for a specified period of time and for the speriod specified.