lease
$ \mathrm{lease}^1 /liːs/
noun
​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
to take out a lease on a house
The lease expires/runs out next year.
Under the terms of the lease, you have to pay maintenance charges.
TOPICS Houses and homes C1
TOPICS Law and justice C1
Collocations
adjective
long
long-term
short
verb + lease
have
hold
acquire
lease + verb
run
take effect
come up for renewal
lease + noun
agreement
payment
preposition
in a/​the leaseon a lease
under a/​the lease…
phrases
a clause in a lease
a condition of a lease
the provisions of a lease…
$ \mathrm{lease}^2 /liːs/
verb (leases, leased, leasing)
​to use or let somebody use something, especially property or equipment, in exchange for rent or a regular payment
SYNONYM rent
lease something
We lease all our computer equipment.
This page will explain why you should lease your next car, and why it can be suitable for you.
lease something from somebody
They lease the land from a local farmer.
lease somebody something
A local farmer leased them the land.
lease something (out) (to somebody)
Parts of the building are leased out to tenants.
TOPICS Houses and homes C1
Word Origin
late Middle English: from Old French lais, leis, from lesser, laissier ‘let, leave’, from Latin laxare ‘make loose’, from laxus ‘loose, lax’.