A '''lease''' is condition whereupon equipment or property is rented by one person or [[business]] from another. A lease normally implies a longer contractual term, whereas renting is often considered to be shorter term. Hence, we rent cars for weekend trips but lease them for two years at a time. | A '''lease''' is condition whereupon equipment or property is rented by one person or [[business]] from another. A lease normally implies a longer contractual term, whereas renting is often considered to be shorter term. Hence, we rent cars for weekend trips but lease them for two years at a time. |