A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment is also leased. Broadly put, a lease agreement is a contract between two parties, the lessor and the lessee. The lessor is the legal owner of the asset; the lessee obtains the right to use the asset in return for regular rental payments. The lessee also agrees to abide by various conditions regarding their use of the property or equipment. For example, a person leasing a car may agree that the car will only be used for personal use. The narrower term rental agreement can be used to describe a lease in which the asset is tangible property. Language used is that the user rents the land or goods let or rented out by the owner. The verb to lease is less precise because it can refer to either of these actions. Examples of a lease for intangible property are 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). The term rental agreement is also sometimes used to describe a periodic lease agreement (most often a month-to-month lease) internationally and in some regions of the United States.[Wikipedia]
We are BBT Translation Services. We are a translation agency located in the United States and members of ATA - American Translators Association. We offer professional certified and notarized translations of any court document such as Leases, contracts, rental agreements and more. There are three main types of Leases: Retail, Office with steady business flow and manufacturing, industrial or machine intensive which divide into: Flat or Fixed Lease, Gross Lease, Step Lease, Cost of Living Lease, Net lease, net-net,net lease and percentage lease. Regardless of what type of Lease you use, it is important to translate it carefully. We take the translation of Lease very seriously.
No matter which lease you need to translate, do not hesitate to contact us for any question. We provide free and friendly consultation and are ready to answer any questions you have.