noun a contract by which one party conveys land, property, services, etc., to another for a specified time, usually in return for a periodic payment
verb to grant the temporary possession or use of (land, buildings, rooms, etc.) to another in return for rent
In real estate, a lease is a contract between a landlord and tenant that allows the tenant to use the property for a specified period of time in exchange for rent payments.
In finance, leasing is a method of obtaining the use of assets without buying them outright, often used for equipment or machinery.
In business, leasing is a common practice where companies rent equipment, office space, or other assets instead of purchasing them outright.
In legal contexts, a lease is a legal document outlining the terms and conditions of a rental agreement between parties.
In the automotive industry, a lease refers to a contract where a vehicle is rented for a specific period of time in exchange for monthly payments.
In the publishing industry, writers may lease the rights to their work to publishers in exchange for royalties.
Psychologists may lease office space in a professional building to conduct therapy sessions with clients.
Real estate agents may help clients lease residential or commercial properties as part of their services.
Business owners may lease equipment or office space to operate their business without the need for a large upfront investment.