term of lease

That period which is granted for the lessee or tenant to occupy and have possession of the premises. The duration of a lease in years, months, weeks, or days. The estate or interest which the lessee has in the premises under and by virtue of the lease. 32 Am J1st L & T §§ 6l et seq.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • lease — 1 / lēs/ n [Anglo French les, from lesser to grant by lease, from Old French laisser to let go, from Latin laxare to loosen, from laxus slack] 1 a: a contract by which an owner of property conveys exclusive possession, control, use, or enjoyment… …   Law dictionary

  • term — A word or phrase; an expression; particularly one which possesses a fixed and known meaning in some science, art, or profession. A fixed and definite period of time; implying a period of time with some definite termination. First Citizens Bank &… …   Black's law dictionary

  • Lease for Three Lives — A term of lease of land, usually for the life of its holder, his son or wife, and a grandson …   Medieval glossary

  • Lease and release — is a temporary transfer (by sale) of title to real estate under real property law. Lease and release was a mode of conveyance of freehold estates, formerly common in England and in New York, its place is now supplied by a simple deed of grant. [… …   Wikipedia

  • term — n often attrib 1: a specified period of time the policy term 2: the whole period for which an estate is granted; also: the estate itself 3 a: the period in which the powers of a court may be validly exercised b …   Law dictionary

  • lease of the reversion — A lease of property already subject to a lease, which is granted out of the reversion. It is also known as a concurrent lease. Sometimes a lease of the reversion may be called an overriding lease, however, that term has a specific meaning in the… …   Law dictionary

  • Lease — (l[=e]s), n. [Cf. OF. lais. See {Lease}, v. t.] 1. The temporary transfer of a possession to another person in return for a fee or other valuable consideration paid for the transfer; especially, A demise or letting of lands, tenements, or… …   The Collaborative International Dictionary of English

  • Lease and release — Lease Lease (l[=e]s), n. [Cf. OF. lais. See {Lease}, v. t.] 1. The temporary transfer of a possession to another person in return for a fee or other valuable consideration paid for the transfer; especially, A demise or letting of lands, tenements …   The Collaborative International Dictionary of English

  • lease-back — [lēs′bak΄] n. an arrangement by which a company sells a property and simultaneously obtains a long term lease from the buyer for continued use of the deeded property: also called sale and lease back * * * …   Universalium

  • lease-back — [lēs′bak΄] n. an arrangement by which a company sells a property and simultaneously obtains a long term lease from the buyer for continued use of the deeded property: also called sale and lease back …   English World dictionary

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