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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
02
hold under a lease or rental agreement; of goods and services
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.
02
a property or piece of land that is rented for a specified time and price
03
the period of time during which a contract conveying property to a person is in effect
Example
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.
