lease (B2)

noun

Pronunciation: /liːs/

Definition

A contract granting the use of property for a specified period in exchange for rent.

Examples

• The landlord offered a one-year lease on the apartment.

• We decided to lease the office space for our new business.

• The lease agreement clearly stated the terms of occupancy.

How to Use lease

lease out (phrasal verb)

To rent property to someone else. — "The owner decided to lease out the property to a new business."

lease from (prepositional phrase)

To obtain the right to use property from someone. — "We lease our office space from a large property management company."

lease to (prepositional phrase)

To grant the right to use property to someone. — "The landlord will lease the house to the family for five years."

Synonyms of lease

Words with a similar meaning to lease:

• rent
• charter
• tenancy
• concession

Antonyms of lease

Words with the opposite meaning to lease:

• ownership
• freehold

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