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
transitive verb leased, leasing
- to give by a lease; let
- to get by a lease; take a lease on
Origin:
Anglo-Fr lesser < OFr laissier