Last reviewed 08-20-2026Short-Sale.com Editorialglossary
LEASE
California Department of Real Estate
Updated 08-20-2026
LEASE
A contract between owner and tenant, setting forth conditions upon which tenant may occupy and use the property and the term of the occupancy. Sometimes used as an alternative to purchasing property outright, as a method of financing right to occupy and use real property.
California Department of Real Estate Glossary
California Department of Real Estate · p. 20
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