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Lease - Meaning, Definition & English Examples

A lease is a legal agreement where one party rents property, such as land, a vehicle, or equipment, from another for a specified period in exchange for payment.

lease

/lis/ /liːs/

Definition:

A contract granting use of property for a specified time in exchange for payment.

Synonyms:

rent, charter, let, hire

Part of Speech:

noun, verb

Antonyms:

buy, own

Common Collocations:

lease agreement, lease term, sign a lease, break a lease, renew a lease

Derivatives:

lessee, lessor, leasing

Usage Tips:

Use "lease" for temporary property agreements; "rent" is more general but often interchangeable in casual contexts.

Common Phrases:

lease of life, new lease on life, take out a lease

Etymology:

From Old French "laissier," meaning "to let go," derived from Latin "laxare," meaning "to loosen."

Examples:

  • 1. She signed a one-year lease for the apartment.
  • 2. The company decided to lease office space downtown.
  • 3. Their car lease expires next month.
  • 4. He wants to lease the equipment instead of buying it.

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