Discontinuous Lease Law and Legal Definition

A discontinuous lease refers to a lease whereby the Owner of a resort or condominium style development leases out an apartment-like unit for a specific period of time, such as for one week or two week. Discontinuous lease grants ownership interest in the premises for a specified and limited period of time. A discontinuous lease is basically a long-term lease agreement ranging from twenty to ninety nine years, or in some cases for the lifetime of the owner.