Home > Personal > Personal Lending > Mortgage > Mortgage Resources > Glossary > Open-end Lease Open-end Lease November 9, 2021 A lease which may involve a balloon payment based on the value of the property when it is returned.You Might Also Like: Living QuartersSpring Maintenance Checklist for Your Home All Things CommunityHoli-days of Giving 2022 Everyday MoneyGiving Back During the Holiday Season Living QuartersYour Top Mortgage Questions Answered Living QuartersHow to Understand Mortgage Language