Pronunciation: /liːs/
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
A1 I signed a lease for my apartment.
A2 The lease agreement clearly outlines the terms and conditions.
B1 The lease on the office space expires next month.
B2 We are considering extending the lease for another year.
C1 The lease includes a clause for early termination with penalty.
C2 The lease agreement was carefully reviewed by legal experts before signing.
verb to grant the temporary possession or use of (land, buildings, rooms, etc.) to another in return for rent
A1 I lease a car for my family vacation.
A2 She leases an apartment in the city.
B1 We decided to lease a new office space for our expanding business.
B2 The company leased the equipment for a period of three years.
C1 The landlord agreed to lease the property for a term of five years with an option to renew.
C2 After careful negotiation, the parties signed a lease agreement for the commercial property.
formal The company signed a lease agreement for a new office space.
informal We finally found a place to lease for our new business.
slang I'm thinking of leasing a sweet ride for the weekend.
figurative She decided to lease out her talents to the highest bidder.
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