Vocabulary Entry

leased

|verb • adjective

verb

To grant the use of property or equipment to another party in exchange for payment.

Example Sentences

"They leased the office space for five years."

"We decided to lease a new car instead of buying one."

"After negotiations, she successfully leased the apartment."

adjective

Example Sentences

"The leased equipment needs to be returned by the end of the month."

"He moved into a leased property that offered great amenities."

"The leased land was used for farming."