The definition of lease is to rent property out to someone or to agree to rent someone else's property.(verb)
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
Origin: ME leas < Anglo-Fr les < OFr lais < laissier: see leash
See lease in American Heritage Dictionary 4
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.
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