Dictionary definition · lease
noun
- property that is leased or rented out or let
- a contract granting use or occupation of property during a specified time for a specified payment
- the period of time during which a contract conveying property to a person is in effect
verb
- let for money"We rented our apartment to friends while we were abroad"
- hold under a lease or rental agreement; of goods and services
- grant use or occupation of under a term of contract"I am leasing my country estate to some foreigners"
- engage for service under a term of contract"We took an apartment on a quiet street"
Source: Open English WordNet (CC BY 4.0).