Definition of lease in English:

lease

Line breaks: lease
Pronunciation: /liːs
 
/

noun

A contract by which one party conveys land, property, services, etc. to another for a specified time, usually in return for a periodic payment: a six-month lease on a shop
More example sentences
  • Read the lease to find out what's been specified in your case and check out rental laws in your area.
  • Also, they should know for how long the lease should be and how much they want to pay a month.
  • If you're trading in a car, make sure the dealer applies the trade-in value to the price your lease is based on.
Synonyms
leasehold, rental agreement, hire agreement, charter, contract; rental, tenancy, tenure, booking; period of occupancy, period of occupation

verb

[with object] Back to top  
1Grant (property) on lease; let: she leased the site to a local company
More example sentences
  • The land was leased out for the construction of the hotel in 1970.
  • Many absentee lords leased out their personal lands and the right to collect dues to rich tenant farmers.
  • They could lease out the land to their family or someone else, or cultivate it cooperatively with other women.
Synonyms
rent out, rent, let, let out, hire, hire out, sublet, sublease, farm out, charge for the use of
1.1Take (property) on lease; rent: land was leased from the Duchy of Cornwall
More example sentences
  • The area was first leased from the local community in 1941 by a Dutch investor, who planted coffee.
  • The van is leased from City of York Council, which is in partnership with the association and is committed to using clean fuel.
  • Police said the unit is leased from a private landlord who lives outside the area and is currently liaising with officers.
Synonyms
rent, hire, charter, engage, take, borrow, pay for the use of

Origin

late Middle English: from Old French lais, leis, from lesser, laissier 'let, leave', from Latin laxare 'make loose', from laxus 'loose, lax'.

Phrases

a new lease of (or North American on) life

A substantially improved prospect of life or use after rejuvenation or repair: the transplant would give Claire a new lease of life
More example sentences
  • A University of Leicester study could help to provide a new lease of life for patients who have suffered a stroke.
  • New audio drama and old-time radio dramas find a new lease of life on the Internet.
  • The Committee has been re-formed and given a new lease on life following more than two years of inactivity.

Derivatives

leasable

adjective
More example sentences
  • We hope that our leasable call center will become one of the most helpful customer service tools for enterprises.
  • As used herein, gross leasable square footage includes interior alterations and modifications that increase the leasable square footage of the building.
  • In terms of use authorization, coal is treated as a leasable mineral whether it is on Public Domain or acquired lands, and all coal leases are sold by competitive, sealed bid.

leaser

noun
More example sentences
  • Although the company remained in receivership until 1939, some leasers worked on the property.
  • Our services include sourcing property for clients, and sourcing for buyers or leasers for existing properties.
  • The trend seems to be that captive leasers stick with shorter terms.

Definition of lease in:

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