What's the difference between lease and tenancy?

Lease


Definition:

  • (v. i.) To gather what harvesters have left behind; to glean.
  • (v. t.) To grant to another by lease the possession of, as of lands, tenements, and hereditaments; to let; to demise; as, a landowner leases a farm to a tenant; -- sometimes with out.
  • (v. t.) To hold under a lease; to take lease of; as, a tenant leases his land from the owner.
  • (v. t.) 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.
  • (v. t.) The contract for such letting.
  • (v. t.) Any tenure by grant or permission; the time for which such a tenure holds good; allotted time.

Example Sentences:

  • (1) Mindful of their own health ahead of their mission, astronauts at the Russia-leased launchpad in Kazakhstan remain in strict isolation in the days ahead of any launch to avoid exposure to infection.
  • (2) In 2005, Westbrook bought the £190m head lease for Dolphin Square, once the largest block of flats in the world with a colourful list of former residents, including more than 70 MPs, at least 10 Lords and a number of intelligence agency personnel.
  • (3) The Labour leadership election gained a new lease of life today as parliament's first black female MP, Diane Abbott , entered the race and the party extended the deadline for nominations, giving extra time for new candidates to emerge.
  • (4) In 2012, the state and county committed $226m to the team in a new lease deal.
  • (5) In addition, another 25 million acres of state and federal lands in the U.S. Arctic — onshore and off — are open to oil and gas leasing; of that,13.5 million acres have already been leased.
  • (6) A student who lost her leg in the Alton Towers rollercoaster crash says she has been given a new lease of life by a hi-tech prosthetic leg and that she is stronger for her harrowing experience.
  • (7) Many articles published on the topic of lease financing point only to the benefits that may be derived.
  • (8) The MD-83 aircraft, owned by Spanish company Swiftair and leased by Algeria's flagship carrier, disappeared from radar less than an hour after it took off from Ouagadougou for Algiers.
  • (9) Although providing a new lease on life is very rewarding within itself, it can also be stressful for all involved.
  • (10) His lieutenants have floated the possibility that whoever takes over our roads could get them on 100-year leases – which would just be transferring a public asset to some private-sector oligarch.
  • (11) The retailer has also taken a £70m hit from onerous leases, and distribution centre closures in Harlow and Weybridge cost £30m.
  • (12) NT chief minister Adam Giles said the decision to lease the port rather than sell allowed the government to ensure conditions are upheld.
  • (13) But landlords often put your rent up massively at the end of your lease, meaning you have to move every two years."
  • (14) The village of Point Hope, Alaska, joined by numerous native and environmental groups, is now challenging offshore development on the 2.9 million acres in the Chukchi Sea, contending that MMS violated federal environmental laws when it conducted the lease sales.
  • (15) Her rent was increased by $20 as soon as her fixed-term lease ended, despite already being more expensive than similar properties in the area.
  • (16) That approval was therefore invalid, she said, adding the company was yet to obtain a mining lease for Alpha.
  • (17) But as Kathimerini.com reports, the plan is to definitely to lease the islands, not sell them forever: The fund reviewed 562 of the estimated 6,000 islands and islets under Greek sovereignty.
  • (18) The company hired by Royal Dutch Shell plc in 2012 to drill on petroleum leases in the Chukchi — Sugarland, Texas-based Noble Drilling US LLC — in December agreed to pay $12.2m after pleading guilty to eight felony environmental and maritime crimes on board the Noble Discoverer.
  • (19) However, Adani has turned to the national native title tribunal to override this objection, which would allow the state government to issue a lease for the mine.
  • (20) Contracts with a Lend Lease-led consortium were signed last week and construction is due to begin this year.

Tenancy


Definition:

  • (n.) A holding, or a mode of holding, an estate; tenure; the temporary possession of what belongs to another.
  • (n.) A house for habitation, or place to live in, held of another.

Example Sentences:

  • (1) Chaytor had claimed £12,925 between 2005 and 2006 for renting a flat in Regency Street, Westminster, producing a tenancy agreement purporting to show that he was paying £1,175 a month in rent to the landlord, Sarah Elizabeth Rastrick.
  • (2) The Guardian view on Jeremy Corbyn’s conference speech: he won a hearing not the argument | Editorial Read more The insecurity of many tenancies and the increased number of families moved out of their local areas, away from family and support networks, because of housing shortages and welfare cuts, was pinpointed as a key problem.
  • (3) A bitter battle between Tottenham Hotspur and West Ham for tenancy of the stadium, which originally cost £429m to build, was won by the east London club but the deal was later scrapped due to "legal paralysis" amid a welter of challenges.
  • (4) A joint tenancy is a form of co-ownership in which two or more persons hold a single interest in property and each co-owner has the right of survivorship.
  • (5) In England and Wales, the three schemes are the Deposit Protection Service , mydeposits and the Tenancy Deposit Scheme .
  • (6) This paper has arisen from an investigation of the lives and circumstances of 88 people who are mentally handicapped and living in their own homes or tenancies.
  • (7) Landlords can, however, add specific requirements into an assured shorthold tenancy (AST) contract concerning changing utility providers, especially where switching supplier could result in alterations to the property, said Chris Norris, head of policy at the National Landlords Association .
  • (8) Some issues have existed for decades: land inheritance practices, customary duty of care disproportionately burdening women and exploitative tenancy agreements.
  • (9) I’d told the landlord I wanted to make a home for myself and my daughter and asked him about the tenancy being only one year but he said not to worry, it would be renewed.
  • (10) Our presence underwrites the multi-use legacy of the stadium and our contribution alone will pay back more than the cost of building and converting the stadium over the course of our tenancy.” West Ham added in a later statement: “The worldwide draw of hosting the most popular and watched football league in the world in such an iconic venue will add value to any sponsorship and commercial agreements related to the stadium, which the public purse stands to further benefit from.
  • (11) A further 16,440 were made through the “accelerated procedure”, which can be used by either type of landlord to evict tenants on assured shorthold tenancies.
  • (12) Germany has many people in rented accommodation, but they also have much stronger tenancy laws and a much longer-term and less rapacious investment model.
  • (13) This change has been somewhat under the radar, but it is profound and very damaging for the future of the capital.” The National Housing Federation (NHF), which represents housing associations, said its members were being forced to convert tenancies because of George Osborne’s deep cuts in investment budgets.
  • (14) Tenancy advocates claimed this was the result of an aggressive campaign of intimidation by the the building’s managers to get them out and clear the way for luxury development.
  • (15) Also watch out for tenancy renewal fees and late payment fees.
  • (16) Hong Kong Rent: HK$40,000 (£3,160) shared between two Deposit: Three months rent Property: Two-bedroom, 84 sq m apartment with pool, gym, sauna, playground, shuttle-bus, concierge, gardens, car park and clubhouse Tenancy length: Two years Adrian Warr Adrian Warr, 35, moved to Hong Kong for a new job in PR earlier this year.
  • (17) But as "excluded occupiers" without tenancies, lodgers have very few rights and can be easily evicted if something goes wrong (the landlord only has to give "reasonable notice").
  • (18) They will be placed on a starter tenancy and remain responsible for the payment of any rent arrears and related costs accrued.
  • (19) But in many parts of London and other cities across the south-east this has very quickly simply translated into much higher rents, no requirement to offer lifetime tenancies, and shorter leases.
  • (20) "I was then offered £5,000 to renounce the right of my wife to succeed me in the tenancy, which I did accept.