Dictionary Home » Dictionary Definitions » lease

lease

Listen See in Thesaurus See in a sentence

To lease is to rent property out to someone or to agree to rent someone else's property. (verb)

An example of lease is when you rent your apartment out to a tenant.
An example of lease is when you decide to rent an apartment to live in.

A lease is a legal document in which the terms of an agreement are set out for a person to use someone else's property for a specific period of time. (noun)

An example of a lease is the contract under which you agree to rent an apartment for a period of time for a specific amount of money each month.

See lease in Webster's New World College Dictionary

noun

a contract by which one party (landlord, or lessor) gives to another (tenant, or lessee) the use and possession of lands, buildings, property, etc. for a specified time and for fixed payments
the period of time for which such a contract is in force: a two-year lease
the property that is leased

transitive verb leased, leasing

to give by a lease; let
to get by a lease; take a lease on

Related Forms:

leasable adjective
leaser noun

See lease in American Heritage Dictionary 4

(lēs)

noun

a. A contract granting use or occupation of property during a specified period in exchange for a specified rent.
b. The term or duration of such a contract.
Property used or occupied under the terms of such a contract.

verb, transitive leased leased, leas·ing, leas·es