Lease deals refer to a type of agreement where one party, known as the lessor or landlord, allows another party, called the lessee or tenant, to use an asset owned by the lessor for a specified period in exchange for regular payments. The leased property can be real estate such as buildings and land, or it can be personal property like machinery, vehicles, or equipment. Lease deals are commonly used in businesses where companies need access to assets but do not have enough funds to purchase them outright.