lease
Third Person
leases
Present Participle
leasing
Past Tense
leased
Past Participle
leased
1
to allow someone to use or occupy property for a specified period of time in exchange for payment, as defined by a contract
transitive
- The landlord agreed to lease the apartment to the young couple for one year.
- The school district leases the building for use as a community center after hours.
- The building is leased to a restaurant that specializes in local cuisine.
- He leased the farm to a local farmer for five years.
- He leased the land to the developers who planned to build a shopping center.
2
to use a property, asset, or item in exchange for regular payments of money
transitive
- Companies may lease office space in commercial buildings to meet their business needs.
- Individuals might choose to lease a car rather than purchasing one outright.
- The organization has recently leased specialized machinery for a construction project.
- The company is currently leasing additional office space to accommodate new staff.
- The university leased a building to create a new research center.
Synonyms: