lease meaning and definition

LEASE noun

Definition of lease (noun)

1. property that is leased or rented out or let
   • synonyms: letting, rental
2. a contract granting use or occupation of property during a specified time for a specified payment
3. the period of time during which a contract conveying property to a person is in effect
   • synonyms: term of a contract

LEASE verb

Definition of lease (verb)

1. let for money
   • "We rented our apartment to friends while we were abroad"
   • synonyms: rent
2. hold under a lease or rental agreement; of goods and services
   • synonyms: charter, hire, rent
3. grant use or occupation of under a term of contract
   • "I am leasing my country estate to some foreigners"
   • synonyms: let, rent
4. engage for service under a term of contract
   • "We took an apartment on a quiet street"; "Let's rent a car"; "Shall we take a guide in Rome?"
   • synonyms: charter, engage, hire, rent, take