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The definition of lease is to rent property out to someone or to agree to rent someone else's property. An example of lease is when you rent your apartment out to a tenant.An example of a lease is the contract under which you agree to rent an apartment for a period of time for a specific amount of money each month.

Leasing a car is similar to a long-term rental. You'll generally have to make an upfront payment, plus monthly payments, and get to use a car for several years. At the end of the lease, you'll return the vehicle and have to decide if you want to start a new lease, purchase a car or go carless.

For the most part, applications will take 24 to 72 hours to process but check with the landlord or management company for how long it usually takes. It's always a good idea to ask how long you should expect to wait for a reply.

Leasing a car gives you a vehicle to drive for a fixed number of miles and months. It's similar to renting an apartment instead of buying a house. There is less long-term commitment involved, but you still have to pay for it. The monthly cost of leasing a car is often lower than buying it with an auto loan.

A lease option to buy can be a huge win for both landlords and tenants. On the renter side, it means time to save up, a chance to own their dream home, and a place to live in the meantime. For landlords, it equals consistent monthly income and a potential big payoff a few years down the line.

A lease purchase agreement in real estate is a rent-to-own contract between a tenant and a landlord for the former to purchase the property at a later point in time. The renter pays the seller an option fee at an agreed-upon purchase price, giving them exclusive rights to buy the property.

Purchase Order Lease means an Equipment Lease evidenced by a purchase order and a series of invoices, rather than a written lease.