- renewal of lease
- A creation of a new lease rather than an extension of an old lease. 32 Am J1st L & T § 956. See extension of lease.
Ballentine's law dictionary. Anderson, W.S.. 1998.
renewal of lease
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
renewal — re·new·al /ri nü əl, nyü / n 1: the act or process of renewing a renewal of the copyright 2: the quality or state of being renewed 3: something renewed 4: something used for renewing; specif: an expenditure that betters existing fixed assets … Law dictionary
Lease Administration — is a department that usually falls under an organization’s real estate department. Lease Administration involves, but not limited to: receiving rents from facilities they own and paying rent for the facilities they lease. It has become an… … Wikipedia
renewal option — UK US noun [C] ► the right to continue an agreement for an extra period of time: »It is a 20 year lease with a five year renewal option. »We can offer you some great renewal options for your cell phone contract … Financial and business terms
Renewal Option — A clause in a lease that outlines the terms for renewing or extending an original lease agreement. The renewal option appears as a covenant in the original lease and provides specifications under which the leaseholder can renew or extend the… … Investment dictionary
LEASE AND HIRE — The Hebrew term sekhirut embraces the lease of immovable property (houses and fields) as well as the hire of movable property and personal services, and is a near parallel of locatio conductio rei in Roman law. In this article the term hire is… … Encyclopedia of Judaism
renewal — /rɪ nju:əl/ noun the act of renewing ● renewal of a lease or of a subscription or of a bill ● renewal of a contract ● His contract is up for renewal ● When is the renewal date of the bill? ♦ to be up for renewal to be due to be renewed ● His… … Dictionary of banking and finance
lease — a legal contract covering the possession and use of property, plant or equipment between the owner ( lessor) and another person ( lessee) at a given rent, for a stated length of time. Glossary of Business Terms A contract providing for the use of … Financial and business terms
Lease — A long term rental agreement, and a form of secured long term debt. The New York Times Financial Glossary * * * ▪ I. lease lease 1 [liːs] verb [transitive] COMMERCE 1. if you lease something to someone, you give them the right to use it for a… … Financial and business terms
lease — {{Roman}}I.{{/Roman}} noun ADJECTIVE ▪ long, long term ▪ short, short term ▪ ten year, etc. ▪ commercial … Collocations dictionary
