Encyclopedia of Early Modern History Online

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Lease
(3,292 words)

1. Legal aspects

1.1. Definition

A lease (German Pacht) today is understood to be the contractual transfer of an object or right in exchange for money (cf. Interest [banking]), whereupon the recipient may use or – in contrast to rent and loans for use (commodatum) – enjoy the fruits of the object for a certain time. In contrast to a renter, the lessee is broadly responsible for the maintenance of the object of the lease. Leases based on loan …

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Löhnig, Martin, Sanz Lafuente, Gloria and Troßbach, Werner, “Lease”, in: Encyclopedia of Early Modern History Online, Editors of the English edition: Graeme Dunphy, Andrew Gow. Original German Edition: Enzyklopädie der Neuzeit. Im Auftrag des Kulturwissenschaftlichen Instituts (Essen) und in Verbindung mit den Fachherausgebern herausgegeben von Friedrich Jaeger. Copyright © J.B. Metzlersche Verlagsbuchhandlung und Carl Ernst Poeschel Verlag GmbH 2005–2012. Consulted online on 06 December 2019 <http://dx.doi.org/10.1163/2352-0272_emho_COM_025188>
First published online: 2015
First print edition: 20190801



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