lease

US /liːs/
UK /liːs/
"lease" picture
1.

a contract by which one party grants to another the use of a specific asset for a specified period, usually in return for periodic payments

:
•
We signed a three-year lease for the apartment.
•
The company decided to take out a new lease on the office space.
:
rental agreementtenancy agreementchartercontract
1.

to grant the use or occupation of (land, buildings, or equipment) under a lease

:
•
The landlord agreed to lease the property to us for five years.
•
Many businesses choose to lease equipment rather than buy it outright.
:
renthirecharter
:
capital leasea new lease on life