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Vocabulary Entry
lease
|noun • verb
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N
noun
A lease is a contract granting use or occupation of property during a specified time for a specified payment.
Example Sentences
"We signed a lease for the new apartment."
"The lease expires next month."
"He paid the security deposit when he took out the lease."
V
verb
To lease means to grant someone the use of an asset for a specified period in exchange for payment.
Example Sentences
"We decided to lease the car for three years."
"They plan to lease the office space downtown."
"She leases her property to a local business."