Most Read. 1  Brussels starts to freeze Britain out of EU contracts. 2  Labour draws up most leftwing manifesto since Foot. 3  Goldman crashes to bottom of class as bets turn sour.  The gospel of Jeff Bezos is based on an 1  illusion. How the Bible Belt lost God and found Trump.
Definition. Agreement between a landlord and a business outlining terms and conditions of property rental. A commercial lease is specific to renters using the property for business or other commercial purposes versus residential use. commercial lease is specific to renters using the property for business or other commercial purposes versus residential use.
lease. n. 1. A contract granting use or occupation of property during a specified period in exchange for a specified rent or other form of payment. 2. The term or duration of such a contract. tr.v. leased, leasÂ·ing, leasÂ·es. 1. To grant use or occupation of under the terms of a contract. 2.To get or hold by such a contract.a new lease on life. An opportunity to improve one's circumstances or outlook.. The term or duration of such a contract. tr.v. leased, leasÂ·ing, leasÂ·es. 1. To grant use or occupation of under the terms of a contract. 2. To get or hold by such a contract. a new lease on life. An opportunity to improve one's circumstances or outlook.