Lease payments are regular amounts paid by a lessee to a lessor for the use of an asset, such as a car or property. These payments are typically made monthly and are outlined in a lease agreement, which specifies the terms, duration, and conditions of the lease. The amount of lease payments can vary based on factors like the asset's value, the lease term, and interest rates. At the end of the lease, the lessee may have the option to purchase the asset, return it, or renew the lease, depending on the agreement with the lessor.