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Long Term Lease:
A long term lease is when someone rents a property for a really long time, often many years. It's like renting a house or an apartment, but for a much longer time than usual.
Let's say you wanted to live in a house for ten years, but you didn't want to buy it. You could sign a long term lease with the owner, which would let you live there for the whole ten years.
"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"
Oh me, oh my, a lease so long,
Ten years or more, it can't be wrong.
The tenant's happy as can be,
A space to rent, for quite a spree.