Lease and release
Lease Lease (l[=e]s), n. [Cf. OF. lais. See {Lease}, v. t.] 1. The temporary transfer of a possession to another person in return for a fee or other valuable consideration paid for the transfer; especially, A demise or letting of lands, tenements, or hereditaments to another for life, for a term of years, or at will, or for any less interest than that which the lessor has in the property, usually for a specified rent or compensation. [1913 Webster]

2. The contract for such letting. [1913 Webster]

3. Any tenure by grant or permission; the time for which such a tenure holds good; allotted time. [1913 Webster]

Our high-placed Macbeth Shall live the lease of nature. --Shak. [1913 Webster]

{Lease and release} a mode of conveyance of freehold estates, formerly common in England and in New York. its place is now supplied by a simple deed of grant. --Burrill. --Warren's Blackstone. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • Lease and release — is a temporary transfer (by sale) of title to real estate under real property law. Lease and release was a mode of conveyance of freehold estates, formerly common in England and in New York, its place is now supplied by a simple deed of grant. [… …   Wikipedia

  • Lease and release — Release Re*lease , n. 1. The act of letting loose or freeing, or the state of being let loose or freed; liberation or discharge from restraint of any kind, as from confinement or bondage. Who boast st release from hell. Milton. [1913 Webster] 2.… …   The Collaborative International Dictionary of English

  • lease and release — noun 1. : a nearly obsolete common law mode of conveyance of freehold estates by means of a lease vesting a leasehold estate in the lessee upon actual entry and a subsequent release of the reversion to the lessee, thus vesting the fee in the… …   Useful english dictionary

  • lease and release — A form of conveyance, in general use at one time in England, but rarely used in the United States. 23 Am J2d Deeds §§ 14, 15. A highly artificial method once in use in England for conveying real property, consisting, first, of a lease (or bargain …   Ballentine's law dictionary

  • conveyance by lease and release — See lease and release …   Ballentine's law dictionary

  • LEASE AND HIRE — The Hebrew term sekhirut embraces the lease of immovable property (houses and fields) as well as the hire of movable property and personal services, and is a near parallel of locatio conductio rei in Roman law. In this article the term hire is… …   Encyclopedia of Judaism

  • Release — Re*lease , n. 1. The act of letting loose or freeing, or the state of being let loose or freed; liberation or discharge from restraint of any kind, as from confinement or bondage. Who boast st release from hell. Milton. [1913 Webster] 2. Relief… …   The Collaborative International Dictionary of English

  • Lease — (l[=e]s), n. [Cf. OF. lais. See {Lease}, v. t.] 1. The temporary transfer of a possession to another person in return for a fee or other valuable consideration paid for the transfer; especially, A demise or letting of lands, tenements, or… …   The Collaborative International Dictionary of English

  • lease — Any agreement which gives rise to relationship of landlord and tenant (real property) or lessor and lessee (real or personal property). Smith v. Royal Ins. Co., C.C.A.Cal., Ill F.2d 667, 671. A contract for exclusive possession of lands,… …   Black's law dictionary

  • lease — Any agreement which gives rise to relationship of landlord and tenant (real property) or lessor and lessee (real or personal property). Smith v. Royal Ins. Co., C.C.A.Cal., Ill F.2d 667, 671. A contract for exclusive possession of lands,… …   Black's law dictionary

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