Meaning of the word leas in English

What does leas mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

leas

US /liːs/
UK /liːs/

Noun

a contract by which one party conveys land, property, services, etc., to another for a specified time, usually in return for a periodic payment.

Example:
They signed a five-year lease on the apartment.
The company holds a long-term lease on the office building.

Verb

grant (property or services) on lease; let

Example:
The landlord agreed to lease the shop to them for three years.
We decided to lease a new car instead of buying one.
Related Word: