ROI PROPERTY LEASING

A lease is a contract calling for the lessee (user) to pay the lessor (owner) for use of an asset.[1] A rental agreement is a lease in which the asset is tangible property.[2] Leases for intangible property could include use of a computer program (similar to a license, but with different provisions), or use of a radio frequency (such as a contract with a cell-phone provider). A gross lease is when the tenant pays a flat rental amount and the landlord pays for all property charges regularly incurred by the ownership from lawnmowers and washing machines to handbags and jewelry... A cancelable lease is a lease that may be terminated solely by the lessee or solely by the lessor. A non-cancelable lease is a lease that cannot be so terminated. In common parlance, "lease" may connote a non-cancelable lease, whereas "rental agreement" may connote a cancelable lease.