lease
The definition of 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.
Lease is defined as 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
Origin: ME leas < Anglo-Fr les < OFr lais < laissier: see leash
See lease in American Heritage Dictionary 4
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.
- To grant use or occupation of under the terms of a contract.
- To get or hold by such a contract.
Origin:
Origin: Middle English les
Origin: , from Anglo-Norman
Origin: , from lesser, to lease
Origin: , variant of Old French laissier, to let go
Origin: , from Latin laxāre, to loosen
Origin: , from laxus, loose; see slēg- in Indo-European roots
.Related Forms:
- leasˈa·ble adjective
- leasˈer noun
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