Definitions

1. noun

A contract or agreement by which one person lets a property to another for a specified period in exchange for rent.

“The company signed a five-year lease for the new office building.”

2. verb

To rent or hire something for a specified period in exchange for rent or other consideration.

“She leased a car for the weekend.”

3. verb

To allow or permit someone to use something, especially for a limited time or period.

“The manager leased the property to the film crew for filming.”