Lewis County in southwest Washington can truly be called the âmother of counties.â Half of the present-day Washington and of British Columbia were carved from its original borders. But the countyâs location astride the Cowlitz Trail between the Columbia River and Puget Sound meant that communities with good water access would develop first.
lease. 1  a contract by which one party (landlord, or lessor) gives to another (tenant, or lessee) the use and possession of lands, buildings, property, etc. for a specified time and for fixed payments. 2  the period of time for which such a contract is in force: a two-year lease. 3  the property that is leased.
Broadly put, a lease agreement is a contract between two parties, the lessor and the lessee. The lessor is the legal owner of the asset, the lessee obtains the right to use the asset in return for rental payments.The narrower term rental agreement can be used to describe a lease in which the asset is tangible property.Language used is that the user rents the land or goods let or rented out by the owner.The verb to lease is less precise because it can refer to either of these actions.he narrower term rental agreement can be used to describe a lease in which the asset is tangible property. Language used is that the user rents the land or goods let or rented out by the owner. The verb to lease is less precise because it can refer to either of these actions.