2006-10-19 13:26:30 · 8 answers · asked by Pink Panther 5 in Politics & Government ➔ Law & Ethics
a lease is a contract such a for rental property, real estate, vehicle, etc. but a contract can be an agreement such as a marriage, sale of property or real estate, employment contract, etc.
a lease allows you to use whatever goes, for a specific period of time and at a certain price and under certain conditions
2006-10-19 13:29:52 · answer #1 · answered by island3girl 6 · 2⤊ 0⤋
Ok, to me strange question. A lease is the ability to pay an amount on a property (land or item) for use for a certain period of time. A contract is a written agreement between people for a specific service to be paid for in a specific amount. Careful, please, if someone is telling you that in the world of renting they want you to sign a contract that means that other circumstances could cause the final amount to go up, a lease has a set amount. Or even worse on a contract for rental you could be obligated to perform certain services ie: fixing and repairing. Contracts and leases should ALWAYS have a set amount, end time, and conditions that cannot be changed.
2006-10-19 20:31:49 · answer #2 · answered by ஐAldaஐ 6 · 0⤊ 0⤋
lease is a legal agreement to use some else;s property for a period of time, years, months, weeks , day ect, An example would be leasing a car for two years. The agreement is th elease. THe actual papers making it legal and spelling out each side's responsibles, and rights are the contract.
Example; you agree to lease a house for 500 per month, for two years. That is a lease, the paper work outlineing the lease, and making it legal is the contract.
2006-10-19 20:35:59 · answer #3 · answered by Anonymous · 0⤊ 0⤋
A lease is a contract.
Lease is the written agreement between the lardlord and tenant wherein the former allows the latter to use a property for a sum of money to be paid within a period of time.
Contract is the meeting of the minds between the parties to do something just like in the sales of goods and use of properties.
2006-10-19 20:31:17 · answer #4 · answered by FRAGINAL, JTM 7 · 0⤊ 0⤋
A lease is just a type of contract. The lendee contracts with the lendor to use a piece of property (real or personal) for a period of time pursuant to the conditons agreed upon.
2006-10-19 20:31:33 · answer #5 · answered by beckychr007 6 · 0⤊ 0⤋
It's the same thing i'm pretty sure... Except leasing is on a physical object you're renting or purchasing.
2006-10-19 20:29:11 · answer #6 · answered by heroinglitter 2 · 0⤊ 0⤋
a contract states that you're supposed to pay for a certain product for a number of years until it's paid off. a lease only makes you pay for a product for as long as you keep it, you can return it whenever you please.
2006-10-19 20:28:59 · answer #7 · answered by carolinaz_most_wanted85 4 · 0⤊ 0⤋
huh
2006-10-19 20:28:52 · answer #8 · answered by Enigma 6 · 0⤊ 0⤋