A contractual agreement between the landlord and the tenant for the tenancy of land. A lease is used to create a leaseholder interest or tenancy; it should be for a definite period, with fixed dates of commencement and termination. (FAO. 2006. FAO Land Tenure Manuals, No. 2. https://www.fao.org/3/a0557e/a0557e00.pdf)
That which is capable of ownership, either in the form of real property or personal property, tangible (e.g. land) or intangible (e.g. goodwill). (UN ECE, 2005. Land Administration in the UNECE Region. Development trends and main principles. United Nations Economic Commission for Europe, New York and Geneva. https://unece.org/fileadmin/DAM/hlm/documents/Publications/landadmin.devt.trends.e.pdf)
