lease

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

n a contract granting use or occupation of property during a specified time for a specified payment

Type of:
contract
a binding agreement between two or more persons that is enforceable by law

n the period of time during which a contract conveying property to a person is in effect

Synonyms:
term of a contract
Type of:
period, period of time, time period
an amount of time

n property that is leased or rented out or let

Synonyms:
letting, rental
Types:
car rental, hire car, rent-a-car, self-drive, u-drive, you-drive
a rented car
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

v let for money

Synonyms:
rent
Type of:
contract, undertake
enter into a contractual arrangement

v grant use or occupation of under a term of contract

“I am leasing my country estate to some foreigners”
Synonyms:
let, rent
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

v engage for service under a term of contract

Synonyms:
charter, engage, hire, rent, take
Type of:
acquire, get
come into the possession of something concrete or abstract

v hold under a lease or rental agreement; of goods and services

Synonyms:
charter, hire, rent
Type of:
contract, undertake
enter into a contractual arrangement

Sign up, it's free!

Whether you're a student, an educator, or a lifelong learner, Vocabulary.com can put you on the path to systematic vocabulary improvement.