Lease ( verb , noun )

(As a verb)

Lease ( verb )

1. Grant the use of (property, especially land, buildings, or equipment) to another person in return for rent or other payment.
2. Take on lease (property).

Origin:

Middle english: from old french laisser, from latin laxare "loosen, relax".

Examples:

1. He leased the car for three years.
2. She leased the apartment.
3. The company leased the office space.
4. The landlord leased the property.
5. The bank leased the equipment.

(As a noun)

Lease ( noun )

1. Grant the use of (property, especially land, buildings, or equipment) to another person in return for rent or other payment.
2. Take on lease (property).

Origin:

Middle english: from old french laisser, from latin laxare "loosen, relax".

Examples:

1. He leased the car for three years.
2. She leased the apartment.
3. The company leased the office space.
4. The landlord leased the property.
5. The bank leased the equipment.