How Do You Spell LEASED?

1. Leased is an adjective that describes the state or condition of an item, property, or asset that has been rented or granted for use by another party in exchange for periodic payments. This term applies to various situations where a lease agreement has been established between the owner or lessor and the lessee or renter.

   In real estate, a leased property refers to a building, office space, or land that is rented out to a tenant for a specified period. During this time, the tenant has exclusive use and control over the property, while the owner retains ownership rights. The arrangement is governed by a lease contract, which outlines the terms, duration, and conditions of the agreement.

   Leased equipment typically refers to machinery, vehicles, or other goods that are rented or leased by a business or individual for operational purposes. This allows the lessee to utilize the equipment without the need for substantial upfront capital investment.

   In general, when an item or property is leased, the lessee is required to make regular payments, often on a monthly basis, to the lessor as compensation for the use of the asset. The lease agreement may also include additional terms, such as maintenance responsibilities, obligations for insurance coverage, or restrictions on alterations or subleasing.

   Overall, the term "leased" pertains to the act of renting or granting temporary use of a property, asset, or equipment through a formal lease agreement.

Top Common Misspellings for LEASED *

* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.

Other Common Misspellings for LEASED

The word "leased" originated from the Old English word "lǣsan", which means "to let for hire" or "to grant temporary possession or use of property". This Old English term is derived from the Proto-Germanic word "lausijaną", meaning "to grant or permit". It can be further traced back to the Proto-Indo-European root "*leuǝ-", which conveys the sense of "to loosen, divide, or separate". Ultimately, this root gives rise to various words in different languages, such as "loan", "let", and "lease" in English.

Similar spelling words for LEASED

Conjugate verb Leased

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