ALLABCDEFGHIJKLMNOPQRSTUVWXYZ« Back to Glossary IndexA written contract by which the lessor (owner) transfers the rights to occupy and use real or personal property to another (lessee) for a specified time in return for a specified payment (rent).Related Articles:Glossary: Bundle of RightsGlossary: LesseeGlossary: LessorGlossary: Sale-LeasebackProperty Inspection Waivers Took Off After the Pandemic Set In« Back to Glossary Index