The meaning of LEASE is 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 …

A lease is a contractual arrangement calling for the user (referred to as the lessee) to pay the owner (referred to as the lessor) for the use of an asset. [1] . Property, buildings and vehicles …

LEASE meaning: 1. to make a legal agreement by which money is paid in order to use land, a building, a vehicle, or…. Learn more.

to grant the temporary possession or use of (lands, tenements, etc.) to another, usually for compensation at a fixed rate; let. She plans to lease her apartment to a friend. to take or hold …

Definition of lease noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.

A lease is a legal agreement by which the owner of a building, a piece of land, or something such as a car allows someone else to use it for a period of time in return for money.

Feb 15, 2025 · A lease is a legal document outlining the terms under which one party agrees to rent property from another party.

To lease something is to borrow it in exchange for money. If you lease a car from a dealer, for example, you make payments and you get to drive the car, but at the end of the contract you …

1. a contract conveying land, renting property, etc., to another for a specified period. 2. the property leased. 3. the period of time for which a lease is made: a five-year lease.

lease - An agreement where the property owner gives another party exclusive rights to use their property for a predetermined amount of rent and time period