Definition of Lease

Noun: lease lees

Property that is leased or rented out or let
- rental, letting
A contract granting use or occupation of property during a specified time for a specified payment
The period of time during which a contract conveying property to a person is in effect
- term of a contract

Verb: lease lees

Let for money
"We leased our apartment to friends while we were abroad";
- rent
Hold under a lease or rental agreement; of goods and services
- rent, hire, charter
Grant use or occupation of under a term of contract
"I am leasing my country estate to some foreigners";
- let, rent
Engage for service under a term of contract
"Let's lease a car";
- rent, hire, charter, engage, take