Lease: In localities where the deeded ownership of vacation properties is not permitted by law, it is standard practice for a resort developer or a management company to lease timeshare properties. Also known as a right-to-use agreement, the lease is usually good for a period from twenty to ninety-nine years. Timeshare properties in Mexico and Hawaii are very likely to be leasehold properties.

 

Related Words

Lease: A contract in which the legal owner of property or other asset agrees to another person using that property or asset in return for a regular specified payment (known as rent) over a set term . . . View Full Definition

Reichian Release: This technique utilizes manipulation of the musculo-skeletal system to release emotional blockages from the body. It was established from the works of Wilhelm Reich, an Austrian psychoanalyst.

Soft Tissue Release: Soft-tissue release (STR) is a powerful injury treatment technique developed in Europe with the world’s fastest sprinters. Recovery rates once considered impossible by traditional therapists . . . View Full Definition

Lease Rate: The payment per period stated in a lease contract.