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Lease

The Cyclopedic Law Dictionary · Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922

The Cyclopedic Law Dictionary

A contract by which a person owning or controlling lands or tenements permits another to occupy the same for a period less than that to which the right of the lessor extends. The person so permitting the occupation of premises is called the "lessor"; the person contracting for possession is called the "lessee." Regarded with respect not to the making of the lease, but of the relation created thereby, the parties are known respectively as "landlord" and "tenant."