Paid Up Lease Posted on 13th December 201514th May 2021 by ThePD (The Project Definition) A Paid Up Lease is the rental payments paid in advance with the bonus consideration in the oil and gas lease. Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window) Related Posted in Business and tagged commercial. ThePD (The Project Definition) ThePD has been developing the Preferred Project Definitions based on the actual project execution and operation experiences and knowledge with the Project Language, and sharing with you daily basis.