lease
/liːs
/noun
A contract by which one party conveys land, property, services, etc. to another for a specified time, usually in return for a periodic payment: a six-month lease on a shop...
- Read the lease to find out what's been specified in your case and check out rental laws in your area.
- Also, they should know for how long the lease should be and how much they want to pay a month.
- If you're trading in a car, make sure the dealer applies the trade-in value to the price your lease is based on.
Synonyms
leasehold, rental agreement, hire agreement, charter, contract;
rental, tenancy, tenure, booking;
period of occupancy, period of occupation
verb [with object]
1Grant (property) on lease; let: she leased the site to a local company...
- The land was leased out for the construction of the hotel in 1970.
- Many absentee lords leased out their personal lands and the right to collect dues to rich tenant farmers.
- They could lease out the land to their family or someone else, or cultivate it cooperatively with other women.
Synonyms
rent out, rent, let, let out, hire, hire out, sublet, sublease, farm out, charge for the use of
1.1Take (property) on lease; rent: land was leased from the Duchy of Cornwall...
- The area was first leased from the local community in 1941 by a Dutch investor, who planted coffee.
- The van is leased from City of York Council, which is in partnership with the association and is committed to using clean fuel.
- Police said the unit is leased from a private landlord who lives outside the area and is currently liaising with officers.
Synonyms
rent, hire, charter, engage, take, borrow, pay for the use of
Phrases
a new lease of (or on) life
Derivatives
leasable
- We hope that our leasable call center will become one of the most helpful customer service tools for enterprises.
- As used herein, gross leasable square footage includes interior alterations and modifications that increase the leasable square footage of the building.
- In terms of use authorization, coal is treated as a leasable mineral whether it is on Public Domain or acquired lands, and all coal leases are sold by competitive, sealed bid.
leaser
- Although the company remained in receivership until 1939, some leasers worked on the property.
- Our services include sourcing property for clients, and sourcing for buyers or leasers for existing properties.
- The trend seems to be that captive leasers stick with shorter terms.
Origin
Late Middle English: from Old French lais, leis, from lesser, laissier 'let, leave', from Latin laxare 'make loose', from laxus 'loose, lax'.