Real Estate Leasing

Definition of Real Estate Leasing as it relates to Real Estate, Real Estate Brokerage

Real Estate Leasing refers to the rental of real property, which includes land and buildings, by an owner (lessor) to another party (lessee) for a specified period in exchange for periodic payments, known as rent. The lessee acquires temporary possession and use of the property but does not gain ownership rights. Real Estate Leasing is a specialized segment within the broader real estate industry and often involves licensed real estate brokers who facilitate transactions between lessors and lessees, negotiating terms such as lease duration, renewal options, rental rates, and maintenance responsibilities.

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