lease
//liːs//
Noun
leaseSingular
leasesPlural
1
A legal contract granting the use of property, land, or equipment for a specified period in exchange for payment.
We signed a two-year lease for the apartment.
2
The period of time for which such a contract is valid.
The lease on our apartment is five years.
Synonym
Verb
leaseInfinitive
leasePresent tense
leasedPast tense
leasedPast participle
leasingPresent participle
leasesThird-person singular
1
To grant the use of property or equipment to another person under a lease agreement.
The company leases office space to small businesses.
2
To obtain the use of property or equipment from another person under a lease agreement.
We decided to lease a car instead of buying one.