Noun: lease lees
Verb: 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
- Let for money
- 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
- rent, hire, charter, engage, take
Derived forms: leasing, leases, leased
See also: lessee
Type of: acquire, belongings, contract, get, give, holding, period, period of time, property, time period, undertake
(Law ; Property )
DRY LEASE, FINANCE LEASE, OPERATING LEASE, WET LEASE
a legal agreement that allows you to use a building, a piece of equipment or some land for a period of time, usually in return for rent:
The current lease expires on 31 March.
Under the terms of the lease, you are liable for any repairs to the building.
❖ to take on/take out a lease
◆ a lease expires/runs out
a (new) lease of life (BrE) (AmE a (new) lease on life)
the chance to continue for longer, and more successfully:
They gave the drink a new lease of life by relaunching it as a sports drink.
■ verb [+ obj] lease sth (from sb) | lease sth (out) (to sb) | lease sb sth
to use, or to let sb use sth, especially property or equipment, in exchange for rent or a regular payment:
We lease all our photocopy equipment.
Parts of the building are leased out to tenants.
the dealer that leased them the vehicles
Employers don't have to provide pension for leased employees.
⇨ LESSEE, LESSOR
leasing noun [U]:
a leasing company
lease sth back (to sb)
to sell property or a valuable asset and continue to use it by paying rent to the new owner; to buy property or an asset and allow the seller to continue using it in exchange for rent:
At one stage they had to sell and lease back their head office to raise cash.
The trust has agreed to lease the property back to them for 40 years.