A question on the leasing terminology in the USA:

What is the difference between "Lease Contract" and "Contemplated Lease Contract"?


Based on simple English, a "Lease Contract" is what you have between a lessor and lessee. A "Contemplated Lease Contract" is what you have when you are thinking about forming a "Lease Contract".

  • 1
    In other words, before the lease contract is signed, it isn't yet a lease contract, so should be modified with some other word like "proposed" or "prospective" or indeed "contemplated," correct? – phoog Jun 9 '16 at 22:03
  • Right. A contract is a meeting of mind and an exchange of values. When no values have been exchanged and the minds haven't met yet, but one "mind" has been written on paper, that's a "contemplated contract". – Malvolio Jun 10 '16 at 15:48

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.