# Lease Transaction

Lease transaction leases WAVES to another account. After 1000 block the leased tokens are accounted for the recipient's generating balance. The larger the generating balance of the node is, the higher the chances for that node to be selected to generate the next block. Commonly node owners share the reward for generated blocks with lessors. More about leasing

Leased tokens remain locked on the sender's account with the full control of their owner. The sender can cancel the lease at any time by the Lease Cancel transaction.

# Fee

The minimum fee for a Lease transaction is 0.001 WAVES.

If the transaction sender is a dApp or a smart account, the minimum fee is increased by 0.004 WAVES.

# JSON Representation

{
  "senderPublicKey": "b8AB1PQWE7kH55cS48uDTV5fezrAyDTCf7iePyXNzNm",
  "amount": 500000000,
  "signature": "3n34MYd3Acx1JpTtvYffdVYCVySuRgZvSbHMA3AxqQwr4xvfZedv9UbqSB9k84PGY5C8RSwGRjDnMGcYwQu2x7B5",
  "fee": 100000,
  "type": 8,
  "version": 1,
  "sender": "3P6iv9tYo3ELne7tc9HR8BzhK3LE2aDDu1A",
  "feeAssetId": null,
  "proofs": [
    "3n34MYd3Acx1JpTtvYffdVYCVySuRgZvSbHMA3AxqQwr4xvfZedv9UbqSB9k84PGY5C8RSwGRjDnMGcYwQu2x7B5"
  ],
  "recipient": "3P2HNUd5VUPLMQkJmctTPEeeHumiPN2GkTb",
  "id": "7k4EPgA3VxoE56TMJLjvF9FMpywyfeS5qRJSEEN9XGuU",
  "timestamp": 1528813353617,
  "status": "canceled",
  "height": 1038624
}

Field	Description
amount	Amount of WAVELETs to lease (that is, amount of WAVES multiplied by 10⁸)
recipient	Recipient address base58 encoded or recipient alias
status	Lease status: - `active`: lease is active. - `canceled`: lease is cancelled, see Lease Cancel Transaction.

The status field does not need to be filled when sending a transaction, and it is not stored on the blockchain. The node calculates these fields when providing transaction data via the REST API.

The fields that are common to all types of transactions are described in the Transaction article.

# Binary Format

See the Lease Transaction Binary Format.

# Ride Structure

The LeaseTransaction structure is used for transaction handling in smart contracts.