Lease: A contractual agreement where the owner (landlord) permits a tenant to use a property
for a specified period in exchange for rent. In the UAE, leases for residential properties are
typically for one year (renewable), and must be registered (e.g., via Ejari in Dubai or Tawtheeq in
Abu Dhabi). Example: They signed a one-year lease for the office space, agreeing on an annual
rent and terms about renewal and termination.