Meaning of “repairing lease” in the English Dictionary

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"repairing lease" in Business English

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repairing leasenoun [ C ]

uk us

PROPERTY in the UK, a legal agreement that you will pay to repair the building that you are renting:

She was offered a three-bedroomed house in the town on a repairing lease.

(Definition of “repairing lease” from the Cambridge Business English Dictionary © Cambridge University Press)