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noun \ˈlēs\

Simple Definition of lease

  • : a legal agreement that lets someone use a car, house, etc., for a period of time in return for payment

Full Definition of lease

  1. 1 :  a contract by which one conveys real estate, equipment, or facilities for a specified term and for a specified rent; also :  the act of such conveyance or the term for which it is made

  2. 2 :  a piece of land or property that is leased

  3. 3 :  a continuance or opportunity for continuance <a new lease on life>

Examples of lease

  1. They took out a five-year lease on the house.

  2. We hold leases on both of our cars.

Origin of lease

Middle English les, from Anglo-French, from lesser

First Known Use: 14th century

Rhymes with lease




Simple Definition of lease

  • : to use (something) for a period of time in return for payment

  • : to allow someone to use (something) for a period of time in return for payment

Full Definition of lease


  1. transitive verb
  2. 1 :  to grant by lease

  3. 2 :  to hold under a lease

leas·able play \ˈlē-sə-bəl\ adjective

Examples of lease

  1. She leases a red convertible.

  2. I have leased this house for the last four years.

  3. We leased the house to a young married couple.

Origin of lease

Anglo-French lesser, laisser, lescher to leave, hand over, lease, from Latin laxare to loosen, from laxus slack — more at slack

First Known Use: circa 1570

Synonym Discussion of lease

hire, let, lease, rent, charter mean to engage or grant for use at a price. hire and let, strictly speaking, are complementary terms, hire implying the act of engaging or taking for use and let the granting of use <we hired a car for the summer> <decided to let the cottage to a young couple>. lease strictly implies a letting under the terms of a contract but is often applied to hiring on a lease <the diplomat leased an apartment for a year>. rent stresses the payment of money for the full use of property and may imply either hiring or letting <instead of buying a house, they decided to rent> <will not rent to families with children>. charter applies to the hiring or letting of a vehicle usually for exclusive use <charter a bus to go to the game>.

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February 9, 2016

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