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lease

/lis/
/lis/
IPA guide

Other forms: leases; leased; leasing

To lease something is to borrow it in exchange for money. If you lease a car from a dealer, for example, you make payments and you get to drive the car, but at the end of the contract you have to give it back.

As a noun, a lease is both the thing you are contracting to rent (the car itself is a lease) and the contract spelling out the terms of use — in other words, a rental agreement. Be sure to check the fine print on your apartment lease to avoid any unpleasant surprises when you move out — like owing money for painting over that hideous wallpaper in the living room.

Definitions of lease
  1. noun
    a contract granting use or occupation of property during a specified time for a specified payment
    see moresee less
    type of:
    contract
    a binding agreement between two or more persons that is enforceable by law
  2. noun
    the period of time during which a contract conveying property to a person is in effect
    synonyms: term of a contract
    see moresee less
    type of:
    period, period of time, time period
    an amount of time
  3. noun
    property that is leased or rented out or let
    synonyms: letting, rental
    see moresee less
    types:
    sublease, sublet
    a lease from one lessee to another
    type of:
    belongings, holding, property
    something owned; any tangible or intangible possession that is owned by someone
  4. verb
    let for money
    synonyms: rent
    see moresee less
    type of:
    contract, undertake
    enter into a contractual arrangement
  5. verb
    grant use or occupation of under a term of contract
    “I am leasing my country estate to some foreigners”
    synonyms: let, rent
    see moresee less
    types:
    sublease, sublet
    lease or rent all or part of (a leased or rented property) to another person
    type of:
    give
    transfer possession of something concrete or abstract to somebody
  6. verb
    engage for service under a term of contract
    synonyms: charter, engage, hire, rent, take
    see moresee less
    type of:
    acquire, get
    come into the possession of something concrete or abstract
  7. verb
    hold under a lease or rental agreement; of goods and services
    synonyms: charter, hire, rent
    see moresee less
    type of:
    contract, undertake
    enter into a contractual arrangement
Pronunciation
US
/lis/
UK
/lis/
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DISCLAIMER: These example sentences appear in various news sources and books to reflect the usage of the word ‘lease'. Views expressed in the examples do not represent the opinion of Vocabulary.com or its editors. Send us feedback
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