[]
baddestbunny
18:46
Warning
Info
LSDefine
Simple English definitions for legal terms
short lease
Read a random definition: extrajudicial oath
A quick definition of short lease:
A short lease is when someone rents a property for a brief period of time, usually less than six months. Renting means paying money to use and live in someone else's property. The person who owns the property is called the landlord and the person who rents it is called the tenant. The lease is a contract that says how long the tenant can stay and how much they have to pay. A short lease is good for people who need a temporary place to live, like students or people who are moving to a new city.A more thorough explanation:
Definition: A contract by which a rightful possessor of real property conveys the right to use and occupy the property in exchange for consideration, usually rent, for a brief duration, often less than six months.
Example: John leased a small office space for three months to start his new business. During this period, he paid rent to the rightful possessor of the property and had the right to use and occupy the space.
Explanation: This example illustrates a short lease where John, the lessee, obtained the right to use and occupy the office space for a brief duration of three months by paying rent to the rightful possessor of the property, the lessor. The lease agreement between John and the lessor was for a short period, and after the lease term ended, John had to vacate the office space.