arrendamiento

noun
  1. The act of leasing or renting property, typically real estate, to another party for a specified period. noun
    The arrendamiento of the apartment was finalized after both parties signed the lease agreement.
    Due to the high demand for office spaces, the arrendamiento rates have increased significantly in the city center.
  2. A contract or agreement in which one party, the lessor, grants the use of property to another party, the lessee, in exchange for payment. noun
    The arrendamiento included clauses about maintenance responsibilities and termination conditions.
    Before moving in, they carefully reviewed the terms of the arrendamiento to ensure there were no hidden fees.