Lease The lease

Lease The lease (or locatio-conductio its original name in Latin) is a contract whereby one party, called the lessor agrees to temporarily transfer the use and enjoyment of a thing to another movable or immovable part called lessee, who in turn agrees to pay for that use or enjoyment of a certain price and determined. The price may consist of a sum of money paid at once or in a periodic amount, which in this case is called income. You can also pay the rent in anything equivalent, so it is certain and determined, for example, with the fruits of the thing leased (income in kind), which in turn may be a previously set amount or a percentage harvest (sharecropping). These types of land rent should not be confused with the terms fixed income and equity applied to financial assets).