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In computer science, a lease is a contract that gives its holder specified rights to some resource for a limited period. Because it is time-limited, a lease is an alternative to a lock for resource serialization .
The rise of the Internet and cloud computing enabled a new model, software as a service (SaaS), [18] in which the provider hosts the software (usually built on top of rented infrastructure or platforms) [19] and provides the use of the software to customers, often in exchange for a subscription fee. [17]
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Software as a service (SaaS / s æ s / [1]) is a cloud computing service model where the provider offers use of application software to a client and manages all needed physical and software resources. [2] Unlike other software delivery models, it separates "the possession and ownership of software from its use". [3]
Fault-tolerance is achieved by using Paxos-based lease negotiation algorithms and is used to replicate files and metadata. SSL and X.509 certificates support make XtreemFS usable over public networks. XtreemFS has been under development since early 2007. A first public release was made in August 2008. XtreemFS 1.0 was released in August 2009.
The narrower term 'tenancy' describes a lease in which the tangible property is land (including at any vertical section such as airspace, storey of building or mine).A premium is an amount paid by the tenant for the lease to be granted or to secure the former tenant's lease, often in order to secure a low rent, in long leases termed a ground rent.
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