lease

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A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment is also leased.
Broadly put, a lease agreement is a contract between two parties, the lessor and the lessee. The lessor is the legal owner of the asset, while the lessee obtains the right to use the asset in return for regular rental payments. The lessee also agrees to abide by various conditions regarding their use of the property or equipment. For example, a person leasing a car may agree to the condition that the car will only be used for personal use.
The term rental agreement can refer to two kinds of leases. First is a lease in which the asset is tangible property. Here, the user rents the asset (e.g. land or goods) let out or rented out by the owner. (The verb to lease is less precise because it can refer to either of these actions.) Examples of a lease for intangible property include use of a computer program (similar to a license, but with different provisions), or use of a radio frequency (such as a contract with a cell-phone provider).
Rental agreement can also refer to a periodic lease agreement (most often a month-to-month lease) internationally and in some regions of the United States.

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  1. natasha.ann

    VIC Tenant Rights - Tenant but not on the lease

    I signed a co-tenancy agreement in July 2020, with one other person with Century 21 Real Estate. In Nov 2020, the other co-tenant moved her boyfriend into our property. He has since been here permanently, and she has provided him with a key. Since the boyfriend moved in, within the first month...
  2. C

    VIC Being evicted by other tenant

    I have lived in my current house since last November, in total there are four rooms. During Covid the landlord asked that we all go on the lease, due to not having any income at the time further then for rent and bills I was the only tenant allowed to continue living there without one after...
  3. G

    NSW Alleged breach of tenancy Lease

    Had a neighbour from hell living above my flat.Continually abused me and my daughter.who lives next door.Went on for about 4 months.Real estate did nothing re any of my complaints.Now they accuse me of :Tenant has threatened ,abused,intimidated or harassed the landlord or landlords agent/other...
  4. M

    VIC Old housemate refusing to sign me off lease

    Me and my friend lived together, and were both on the lease. Sadly, as the friendship turned sour, we both decided and agreed it would be best if I moved out before the lease was up. Thankfully, the tenant staying had someone lined up to move in, although wouldn't be for some weeks after I moved...
  5. Victori88

    QLD If I don't utilise a +5yr option on a land lease do I have to pay a title change with DNRME?

    Hi, I leased some land from my local council, it was a 5yr (+ an option of 5 yrs) lease. I was sent the new lease paperwork when the first 5 years were up 30th May 2020. The staff member advised that I would have to pay $190 to re-register the title. Due to the financial downturn, we decided not...
  6. Maddiej

    VIC My housemate is leaving and wants her bond back but wont get off the lease

    2 of my housemates are leaving the lease early because we all had a falling out which is fine however they are being a pain with it. They are overcharging us for the last bills (they have overcharged us the entire tenancy. I only just realised when I transferred 2 of the services into my name...
  7. F

    Share house - eviction of tenant - no lease agreement

    Hello legal-minded people, I own a large house that has 4 tenants with valid lease agreements. I am in Victoria. There was a spare bedroom and a request was made from a friend (no longer my friend) that I allow his downtrodden mate to make use of the room. Unfortunately, this tenant is an...
  8. J

    Unsigned lease

    Hi all, I have tenant currently in a granny flat on my property. We offered her a new fixed lease, which she didn't return for a couple of weeks. She has returned today but unfortunately our circumstances have changed and we would like to terminate the lease (with due 2 months notice). As we...
  9. M

    NSW Business broker/seller refusing to allow buyers to organise a lease of business premises

    Hi there, We are in the middle of due diligence (DD) for the purchase of an exiting business. The sellers agent has been very difficult (in numerous aspects - extremely unethical practices) and refused to include a DD clause in the contract, so we have had to outlay considerable funds for...
  10. I

    WA Probate asset classification Lease for Life

    I am going throught he joys of trying to do probate myself an have pretty much everything sorted. However I cannot find any clarification if a Lease for Life loan provided to the owner would be classified as a movable or immovable asset given how it is tied to the property. Can anyone confirm...