TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

LOCATION BAIL [2 records]

Record 1 2013-03-08

English

Subject field(s)
  • PAJLO
  • Property Law (common law)
CONT

A lease may be defined as a grant of the right to possession of the leased premises for a specified period of time commencing either immediately or at some ascertainable date in the future and ending at some point thereafter. A transaction is characterized as a lease rather than a grant when the owner or the grantor of the interest retains a "reversionary interest". In other words, possession of the leased premises reverts to the lessor on the termination of the lease. In order for the transaction to be characterized as a lease rather than a licence, the lessee's possession of the leased premises must be exclusive. If ultimate possession and control remain with the lessor, a licence rather than a lease will exist. ... ("Real Estate and Landlord and Tenant", 1983-1984, p. 334)

French

Domaine(s)
  • PAJLO
  • Droit des biens et de la propriété (common law)
OBS

L'équivalent «bail» s'emploie aussi pour rendre le sens métonymique de «lease», désignant le document qui constate la cession à bail.

OBS

bail, location à bail : termes normalisés par le Comité de normalisation dans le cadre du Programme national de l'administration de la justice dans les deux langues officielles (PAJLO).

Spanish

Save record 1

Record 2 1993-11-10

English

Subject field(s)
  • Rental Agencies

French

Domaine(s)
  • Entreprises de location

Spanish

Save record 2

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