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to lease
01
to allow someone to use or occupy property for a specified period of time in exchange for payment, as defined by a contract
Transitive: to lease one's property
Example
The landlord agreed to lease the apartment to the young couple for one year.
The school district leases the building for use as a community center after hours.
02
to use a property, asset, or item in exchange for regular payments of money
Transitive: to lease a property
Example
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.
Lease
01
an agreement in which we agree to pay rent to use someone else's house, room, etc.
Example
I 'm unsure about the lease's terms regarding noise after 10 pm
In the lease, it's mentioned that I ca n't make major modifications to the flat.
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
