Lease definition clarifies transfer of right to enjoy immoveable property for fixed time in exchange for consideration. A lease is a transfer of a right to enjoy immoveable property for a certain time or in perpetuity in consideration of a price paid or promised, periodic ... Summary
Lease definition clarifies transfer of right to enjoy immoveable property for fixed time in exchange for consideration.
A lease is a transfer of a right to enjoy immoveable property for a certain time or in perpetuity in consideration of a price paid or promised, periodic payments, a share of crops, service or other thing of value, with the transferee accepting the transfer on the terms specified.
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