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lease

Syllabification: lease
Pronunciation: /lēs
 
/

Definition of lease in English:

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.
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
rental agreement, leasehold, charter;
rental, tenancy, tenure, period of occupancy

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, rent out, let, let out;
sublet, sublease
1.1Take (property) on lease; rent: land was leased from the city
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

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 on life

1
A substantially improved chance to lead a happy or successful life.
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

1
adjective
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.

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