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English definition of “lease”

lease

verb [T]     /liːs/ COMMERCE, LAW
to agree to pay money in order to use land , a building , a vehicle , or a piece of equipment for a particular period of time : lease sth (from sb) The firm recently made plans to lease another 8,000 square feet from the property company .
to make an agreement by which someone pays you money in order to use land , a building , a vehicle , or a piece of equipment for a particular period of time : lease sth (out) (to sb) They are keen to lease out the aircraft to private companies .lease sb sth He gave equity to the firms that leased him office equipment . → See also lessee, sublease noun, sublet
(Definition of lease verb from the Cambridge Business English Dictionary © Cambridge University Press)
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