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English definition of “lease”

lease

noun [C]     /liːs/
a legal agreement in which you pay money in order to use a building or a piece of land for a period of time : We signed a three-year lease when we moved into the house .Mortgages and real estateRenting, hiring and hire purchase in general Renting propertyRenting propertyMortgages and real estateRenting, hiring and hire purchase in general
(Definition of lease noun from the Cambridge Learner's Dictionary © Cambridge University Press)

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