lease
/lis/
verb
- To grant the use of something (such as property or equipment) under a lease contract.
- The landlord decided to lease the storefront to a bakery.
- They lease heavy machinery to construction companies.
- We are planning to lease our vacation home during the summer months.
- To take or hold something (such as property or equipment) under a lease contract.
- Many people lease cars instead of buying them.
- She decided to lease an apartment closer to her job.
- The company will lease office space in the new building.
noun
- A legal contract that allows someone to use a property, vehicle, or equipment for a period of time in exchange for payment.
- We signed a one-year lease for our new apartment.
- The car lease requires monthly payments for three years.
- Before you move in, make sure you read every part of the lease carefully.
- The period of time during which a lease agreement is in effect.
- They renewed the lease for another twelve months.
- The lease on the office space runs for five years.
- Our lease ends in June, so we need to decide if we want to stay.
Synonyms