lease

/lˈiːs/

/ˈɫis/

to lease

MAIN VERB

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

synonyms : let

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

synonyms : charter

let for money

synonyms : rent

engage for service under a term of contract

synonyms : charter

Lease

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

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

synonyms : letting

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

Examples

1. The lease agreement protects the rights of the tenant.

2. The lease for my new apartment starts next week.

3. This lease outlines my responsibilities for maintaining the rented property.

4. She carefully read the lease before moving into the dormitory.