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English definition of “lease”

lease

verb [T]     /liːs/
to make a legal agreement by which money is paid in order to use land, a building, a vehicle, or a piece of equipment for an agreed period of time: The estate contains 300 new homes, about a third of which are leased to the council. [+ two objects] It was agreed they would lease the flat to him/lease him the flat.Renting, hiring and hire purchase in general Mortgages and real estateRenting propertyRenting propertyMortgages and real estateRenting, hiring and hire purchase in general
(Definition of lease verb from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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