Definition of “lease” - English Dictionary

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“lease” in English

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leaseverb [ T ]

uk ​ /liːs/ us ​ /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 building's 60 units are currently leased to students of the university.
[ + two objects ] It was agreed they would lease the apartment to him/lease him the apartment.

Thesaurus: synonyms and related words

leasenoun [ C ]

uk ​ /liːs/ us ​ /liːs/

(Definition of “lease” from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

“lease” in American English

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leaseverb [ T ]

us ​ /lis/

› to use or allow someone else to use land, property, etc. for an agreed period of time in exchange for money:

I leased my new car instead of buying it.
lease
noun [ C ] us ​ /lis/

›

The lease on this office expires in two years.

(Definition of “lease” from the Cambridge Academic Content Dictionary © Cambridge University Press)

“lease” in Business English

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leasenoun [ C ]

uk ​ /liːs/ us ​ COMMERCE, LAW

› an agreement to pay money in order to use land, a building, a vehicle, or a piece of equipment for a particular period of time:

The company signed a lease for the property in December.
The original tenant remains liable throughout the entire term of the lease.
a lease expires/runs out The lease expires in 2026.
a 10-/20-/30-year lease The company is trying to extend its 30-year lease (with 24 years left to run).
a lease agreement/contract/payment
a long-term/short-term lease
See also
aircraft lease
building lease
derivative lease
dry lease
equipment lease
finance lease
operating lease
repairing lease
store lease
wet lease

leaseverb [ T ]

uk ​ /liːs/ us ​ 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
sublet

Phrasal verb(s)

lease sth back (to sb)

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

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