Definition: A binding contract between a landlord and a tenant that specifies the rent and other terms for a specified period of time, such as a year or two years.
Also Known As: residential lease
Lease
By Ron Leshnower, About.com Guide
See More About:
Explore Apartment Living / Rental
Must Reads
- Find the Right Apartment for You
- How to Break a Lease
- Negotiate Rent With a Landlord
- How Much to Rent an Apartment?
- Renter's Insurance FAQ
Most Popular
See More About:
By Category
©2012 About.com. All rights reserved.
A part of The New York Times Company.