lease

[liːs]

lease Definition

a contract by which one party conveys land, property, services, etc. to another for a specified time, usually in return for a periodic payment.

Using lease: Examples

Take a moment to familiarize yourself with how "lease" can be used in various situations through the following examples!

  • Example

    He signed a lease for the apartment.

  • Example

    The company has a 10-year lease on the building.

  • Example

    The landlord refused to renew the lease.

  • Example

    She broke the terms of her lease.

lease Synonyms and Antonyms

Phrases with lease

  • a legal document outlining the terms and conditions of a lease

    Example

    Before moving in, they signed a lease agreement with the landlord.

  • a type of lease that grants the lessee the right to use a piece of land for a specified period of time

    Example

    The government granted a land lease to the company for the construction of a new factory.

  • a type of lease that allows an individual to use a car for a specified period of time in exchange for monthly payments

    Example

    He decided to lease a car instead of buying one outright.

Origins of lease

from Old English 'leasian', meaning 'to glean or gather what is left'

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Summary: lease in Brief

The term 'lease' [liːs] refers to a contract in which one party conveys land, property, services, etc. to another for a specified time in return for a periodic payment. It is commonly used in phrases like 'lease agreement,' 'land lease,' and 'car lease.' Examples include 'He signed a lease for the apartment,' and 'She broke the terms of her lease.'

How do native speakers use this expression?