What is a lease agreement?

Answer A lease agreement, also commonly referred to as a rental agreement, is a written contract that allows one person to use and possess another person's property. Lease agreements are common for real e... Read More »

Top Q&A For: What is a lease agreement

What is the difference between a rental agreement&a lease agreement?

Renting or leasing a house or apartment is common. The terms "rent" and "lease" are often used interchangeably. However, there are stark differences between the two. Before you sign or offer any su... Read More »

What is a wet lease agreement?

Just as is the case with an automobile, if you can't afford to purchase a plane, you can rent one for a short period of time. A wet lease agreement is more tailored for a lessee who is fairly new t... Read More »

What is a car lease agreement?

A car lease agreement is a contract wherein the person leasing the car (lessee) agrees to rent the car by paying a monthly payment that reflects an interest rate and the depreciation of the car.Typ... Read More »

What is a lease purchase agreement?

A lease purchase agreement is a when a lessee agrees to pay a lessor payments on a piece of property, such as an automobile or home. The lessee has the option to apply the payments made toward the... Read More »