Lease
volume
British pronunciation/lˈiːs/
American pronunciation/ˈɫis/

Definition & Meaning of "lease"

to lease
01

a legal contract that authorizes the use of a vehicle, house, building, or piece of land in exchange for an agreed rental fee

to lease definition and meaning
02

hold under a lease or rental agreement; of goods and services

to lease definition and meaning
03

to let someone use a property, asset, or item in exchange for regular payments of money

04

engage for service under a term of contract

Lease
01

an agreement in which we agree to pay rent to use someone else's house, room, etc.

Wiki
lease definition and meaning
02

a property or piece of land that is rented for a specified time and price

lease definition and meaning
03

the period of time during which a contract conveying property to a person is in effect

example
Example
examples
Landlords often lease apartments to tenants for a specified period.
The organization has recently leased specialized machinery for a construction project.
The company is currently leasing additional office space to accommodate new staff.
Companies may lease office space in commercial buildings to meet their business needs.
Individuals might choose to lease a car rather than purchasing one outright.
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