lease

Pronunciation

• IPA ^(key): /liːs/

• Audio (US)

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Verb

Plain form lease

Third-person singular leases

Past tense leased

Past participle leased

Present participle leasing

1. (transitive) If someone leases, they take control a property or land by purchasing a contract (or leasehold) from the owner.

Noun

Singular lease

Plural leases

1. (countable) A lease is a contract granting use or occupation of property during a specified period in exchange for a specified rent
2. (countable) A lease can be the period of such a contract.
3. (countable) A lease is a leasehold.

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