leasing

(redirected from Tenancy agreement)
Also found in: Dictionary, Legal, Acronyms.

Lease

An agreement between two parties whereby one party allows the other to use his/her property for a certain period of time in exchange for a periodic fee. The property covered in a lease is usually real estate or equipment such as an automobile or machinery. There are two main kinds of leases. A capital lease is long-term and ownership of the asset transfers to the lessee at the end of the lease. An operating lease, on the other hand, is short-term and the lessor retains all rights of ownership at all times.

leasing

the hiring out by one firm (the lessor) of an ASSET such as a factory building, piece of machinery or vehicle to another firm (the lessee) in return for the payment of an agreed rental. The lessor retains the ownership of the asset concerned and will repossess the asset on the expiry of the contract, or beforehand should the client require a replacement. A leasing arrangement can be useful to a client company in so far as it enables it to employ assets without having to tie up large amounts of capital for long periods of time. See LEASE, LEASEBACK, OFF-BALANCE SHEET FINANCING, FINANCE HOUSE.

leasing

the purchase of an ASSET (mostly buildings, machinery and vehicles) by a leasing company which retains the ownership of the assets and which then hires out the item for use by clients who pay an agreed RENT. Leasing is a useful source of INVESTMENT insofar as it enables individuals or companies to use assets without having to tie up large amounts of capital. See LEASE, OFF-BALANCE SHEET FINANCING.
References in periodicals archive ?
The court referred to case-law, whereby the Supreme Court in a similar case held that the tenancy agreement had as a potential conclusive time the expiration of the renewal period and not of the original tenancy period.
Judge LeGrandeur suggests that all landlords exercising any power under a residential tenancy agreement owe a duty of good faith.
The tenant has a right to notify the landlord whether it intends to renew the tenancy agreement upon expiry, subject to compliance with the terms of the tenancy agreement.
Your tenancy agreement remains valid even if your |landlord puts your home on the market
I was sceptical as soon as I heard it," Green said of the proposal to insist on tenancy agreements for visas, saying such a move would have major implications for tenants across the capital.
Tenancy agreements can be littered with traps for unwary teenagers.
According to U of C vice-president (Finance and Services) Keith Winter, revenue received through the two tenancy agreements will offset the building's operating costs, as well as providing the capital necessary to enhance existing space and create new research areas on the main campus.
The tenant has the right to a written tenancy agreement.
During that time, the tenancy agreement will be pored over, experts will be picked apart and the charges will fly.
It added that use of the drug would be classed as anti-social behaviour under its tenancy agreements.
Improved security for tenants, which means they cannot be asked to leave their home simply because the tenancy agreement has reached its end date