LEASEABLE Meaning and
Definition
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Leaseable is an adjective that describes an object or property that is capable of being leased or rented out to another party for a specified period of time. It refers to the quality or condition of an item or space that makes it suitable or eligible for leasing.
The term is commonly used in the real estate industry to describe properties, such as apartments, houses, offices, or commercial buildings, that are available for lease. For a property to be considered leaseable, it should meet certain criteria, such as being in good condition, meeting safety and environmental regulations, and having the necessary amenities and features required by potential tenants.
Leaseable can also extend beyond real estate and apply to other assets or objects that can be rented out. For example, vehicles, equipment, machinery, or even intellectual properties like patents or trademarks can be leaseable.
The leaseability of an item or property is determined by its owner or the entity responsible for managing it. They will assess its suitability, market demand, and potential profitability before making it available for lease. If an object or property meets the necessary leasing standards, it is considered leaseable and can be marketed and offered to potential lessees for a specified rental period and contractual terms.
In summary, leaseable describes an object or property that is suitable for being rented or leased out to another party for a specified period, either in the real estate industry or in relation to other assets.
Common Misspellings for LEASEABLE
- keaseable
- peaseable
- oeaseable
- lwaseable
- lsaseable
- ldaseable
- lraseable
- l4aseable
- l3aseable
- lezseable
- lesseable
- lewseable
- leqseable
- leaaeable
- leazeable
- leaxeable
- leadeable
- leaeeable
- leaweable
- leaswable
Etymology of LEASEABLE
The word "leaseable" is derived from the noun "lease" combined with the suffix "-able".
The term "lease" traces back to Middle English and Old French, originating from the Latin word "laxare" meaning "to loosen", which evolved into "laxus" meaning "loose". In this context, "lease" originally referred to a legal agreement that loosened or granted the temporary possession of property or land.
The suffix "-able" is of Middle English and Old French origin as well, derived from the Latin suffix "-bilis", which indicates the capacity or ability. When added to "lease", it creates the adjective "leaseable", meaning capable of being leased.
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