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    Lease
    /lēs/

    noun

    • 1. 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"

    verb

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  3. noun [ C ] us / liːs / uk / liːs /. a legal agreement in which you pay money in order to use a building, piece of land, vehicle, etc. for a period: He has the house on a long lease. The lease runs out/ expires in two years ' time. We signed a three-year lease when we moved into the house.

  4. verb [ T ] uk / liːs / us. to use a building or piece of land, or to allow someone to use a building or piece of land, in exchange for money: We want to lease some office space in the centre of town. They leased the land to a local company. (Definition of lease from the Cambridge Learner's Dictionary © Cambridge University Press)

  5. May 31, 2022 · Definition and Examples of Leases. How Leases Work. Alternatives to a Lease. Pros and Cons of Leases. Photo: The Balance / Julie Bang. Definition. A lease is a contract between two parties that outlines the terms for renting a property. Learn how a lease works and how it will impact your finances.

  6. lease meaning, definition, what is lease: a legal agreement which allows you to us...: Learn more.

  7. 2 days ago · A lease is a legal agreement by which the owner of a building, a piece of land, or something such as a car allows someone else to use it for a period of time in return for money. He took up a 10-year lease on the house. 2. transitive verb.

  8. Definition of lease noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.

  9. the chance to live or last longer, or with a better quality of life Since her hip operation she has a new lease on life. Definition of lease noun in Oxford Advanced American Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.

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