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lease

1 of 2

noun

1
: a contract by which one conveys real estate, equipment, or facilities for a specified term and for a specified rent
took out a five-year lease on the house
also : the act of such conveyance or the term for which it is made
2
: a piece of land or property that is leased
3
: a continuance or opportunity for continuance
a new lease on life

lease

2 of 2

verb

leased; leasing

transitive verb

1
: to grant by lease
2
: to hold under a lease
leasable adjective

Synonyms

Choose the Right Synonym for lease

hire, let, lease, rent, charter mean to engage or grant for use at a price.

hire and let, strictly speaking, are complementary terms, hire implying the act of engaging or taking for use and let the granting of use.

we hired a car for the summer
decided to let the cottage to a young couple

lease strictly implies a letting under the terms of a contract but is often applied to hiring on a lease.

the diplomat leased an apartment for a year

rent stresses the payment of money for the full use of property and may imply either hiring or letting.

instead of buying a house, they decided to rent
will not rent to families with children

charter applies to the hiring or letting of a vehicle usually for exclusive use.

charter a bus to go to the game

Example Sentences

Noun They took out a five-year lease on the house. We hold leases on both of our cars. Verb She leases a red convertible. I have leased this house for the last four years. We leased the house to a young married couple.
Recent Examples on the Web
Noun
The move concludes what had been the federal government’s largest oil-and-gas lease offering in history, resolving nearly a year of conflict, after the sale originally happened last November and triggered months of court and political wrangling. Timothy Puko, WSJ, 14 Sep. 2022 Homeowners do not own their lots and pay a monthly land lease fee, neighborhood association dues as well as property taxes. Seema Mehta, Los Angeles Times, 13 Sep. 2022 Low availability is pushing lease rates for apartments with rent up 12% when compared to last year. John Magsam, Arkansas Online, 13 Sep. 2022 The city and the team will have, once an exclusive negotiating agreement is signed, around two years to hammer out lease and development terms. Jennifer Van Grove, San Diego Union-Tribune, 13 Sep. 2022 The plan was for a 24,000-square-foot full-service grocery store, filling the looming grocery gap in South Madison as the nearby Pick N’ Save’s lease is set to expire. Lauryn Azu And Joe States, Journal Sentinel, 13 Sep. 2022 Airlines help pay for airport projects through lease payments and landing fees. Kelly Yamanouchi, ajc, 8 Sep. 2022 Cineworld had built up $4.8 billion in net debt, not including lease liabilities. Michelle Chapman, Fortune, 7 Sep. 2022 The next year, lease negotiations between the Saters and T.T. Catherine Carlock, BostonGlobe.com, 7 Sep. 2022
Verb
Giving the 80 or so business owners who lease space inside the 308 S. Mclean Blvd. Gloria Casas, Chicago Tribune, 11 Aug. 2022 The University of Colorado study found that at least five other Lower Basin tribes either actively lease water or have the authority to market water. AZCentral.com, 8 Aug. 2022 The deal ends a yearslong struggle over whether the Republican broke state law by using campaign funds to buy a house, lease luxury cars and join a private club. Jeff Amy, ajc, 12 May 2022 Another sign of change is a decision by Victoria’s Secret to lease and build out an open-office space in New York City, meant to encourage openness and debate among employees. Khadeeja Safdar, WSJ, 13 Aug. 2022 Hickok is quoted in the lawsuit as pointing out that Borrego Health’s billing and lease agreements with companies owned by Priest were improperly secretive and way too expensive. Jeff Mcdonald, San Diego Union-Tribune, 6 Aug. 2022 Biden has laid out a goal of deploying 30 gigawatts of offshore wind power by 2030, with auctions of territory near California expected later this year, and, ultimately, lease sales on almost every U.S. coast. Josh Wingrove, Fortune, 20 July 2022 Frontier owns the physical fiber infrastructure that spans across vast parts of the state but Verizon and other carriers lease the technology to provide their service to thousands of customers. Lacey Latch, The Arizona Republic, 8 July 2022 Global will also lease a section of the property on the west side of Route 1A, including a dock on Chelsea Creek; there are no immediate plans to redevelop the waterfront part of the site. BostonGlobe.com, 30 June 2022 See More

Word History

Etymology

Noun

Middle English les, from Anglo-French, from lesser

Verb

Anglo-French lesser, laisser, lescher to leave, hand over, lease, from Latin laxare to loosen, from laxus slack — more at slack

First Known Use

Noun

14th century, in the meaning defined at sense 1

Verb

circa 1570, in the meaning defined at sense 1

Time Traveler
The first known use of lease was in the 14th century

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