lease

noun
UK: /liːs/
US: /liːs/

  1. A legal agreement that allows you to use a building, land, or equipment for a specific time, usually in return for rent.

    1. We signed a lease for the apartment last week because we needed it. [ ] [ ]
    2. The company decided to lease office space rather than buy a new building outright. [ ] [ ]

  2. The period of time for which a lease agreement is valid.

    1. Our lease is up next month, so we need to find a new place to live. [ ] [ ]
    2. The landlord decided to increase the rent at the end of the current lease. [ ] [ ]

Synonyms

hire let charter rent
lease verb

  1. To rent something (such as a car or an apartment) under a lease agreement.

    1. We decided to lease a car instead of buying one, it's cheaper. [ ] [ ]
    2. The company will lease the land to a solar energy firm for twenty years. [ ] [ ]

Frequently Asked Questions

The word "lease" in English means: A legal agreement that allows you to use a building, land, or equipment for a specific time, usually in return for rent., The period of time for which a lease agreement is valid..

The phonetic transcription of "lease" is /liːs/ in British English and /liːs/ in American English. Click the 🔊 button to hear both pronunciations.

Synonyms for "lease": hire, let, charter, rent.

Example usage of "lease": "We signed a lease for the apartment last week because we needed it.". More examples on the page.