Home > Term: lease
lease
A contract between an owner (lessor) and a tenant (lessee), setting forth the compensation, terms, and conditions upon which the lessee may occupy or use property, real or personal, of the lessor. This may include the right to engage in exploration for and production of oil, gas, or other minerals.
- Part of Speech: noun
- Industry/Domain: Energy
- Category: Natural gas
- Company: AGA
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Creator
- JJD
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