# Real Estate Lease

**IRI:** https://folio.openlegalstandard.org/RDkZ1f1SIdbFYRwzAad7v3D

## Labels

## Definition

A Real Estate Lease is a contract wherein the owner (lessor) grants the right to occupy and use their property to another party (lessee) for a specified period in exchange for rental payments.

## Sub Class Of

- https://folio.openlegalstandard.org/R7I7inwWLqKi8ZMm0Ey6dkK
- https://folio.openlegalstandard.org/R8RfDzMtuMPdmNTonmhBxu

**Deprecated:** False