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
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'
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.'
