Variant of lease
- 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: Middle English leas from Anglo-French les from Old French lais from laissier: see leash
Used by arrangement with John Wiley & Sons, Inc.