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Meaning & Definition of Lease in English

English

Lease

/lis/

noun

1. Property that is leased or rented out or let

synonym:
  • lease,
  • rental,
  • letting

2. A contract granting use or occupation of property during a specified time for a specified payment

synonym:
  • lease

3. The period of time during which a contract conveying property to a person is in effect

synonym:
  • lease,
  • term of a contract

verb

1. Let for money

  • "We rented our apartment to friends while we were abroad"
synonym:
  • rent,
  • lease

2. Hold under a lease or rental agreement

  • Of goods and services
synonym:
  • rent,
  • hire,
  • charter,
  • lease

3. Grant use or occupation of under a term of contract

  • "I am leasing my country estate to some foreigners"
synonym:
  • lease,
  • let,
  • rent

4. Engage for service under a term of contract

  • "We took an apartment on a quiet street"
  • "Let's rent a car"
  • "Shall we take a guide in rome?"
synonym:
  • lease,
  • rent,
  • hire,
  • charter,
  • engage,
  • take

Examples of using

Are you going to renew your lease when it expires?
Is there a clause in the lease regarding that?