In Real Property Law - A Contract By Which The Owner Of Real Property (The Landlord) Grants To A Person (The Tenant) An Exclusive Right To Use And Possess The Property - Usually For A Specified Period Of Time - In Return For Rent Or Some Other Form Of Payment.

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1. In Real Property Law - A Contract By Which The Owner Of Real Property (The Landlord) Grants To A Person (The Tenant) An Exclusive Right To Use And Possess The Property - Usually For A Specified Period Of Time - In Return For Rent Or Some Other Form Of Payment.