Lease
As a Noun
- A contract granting the use of property, land, or equipment for a specific period in exchange for payment.
- The period for which something is rented or leased.
- A legal agreement outlining the terms and conditions of a rental arrangement.
As a Verb
- To rent out or take possession of something for a temporary period under a formal contract.
As Other Form
- Leasing (Noun/Verb): The act of renting or granting a lease.
- Lessee (Noun): A person who rents property under a lease.
- Lessor (Noun): A person who grants a lease to another.
Word History
The word lease comes from the Old French laisser, meaning “to let, permit, or leave,” which originates from the Latin laxare, meaning “to loosen or make available.” It evolved into the modern sense of renting property or assets.
Examples
- They signed a one-year lease for the apartment.
- The company decided to lease new office space in the city.
- His car lease expires next month, so he’s considering buying a new one.
Synonyms
Rental agreement, contract, tenancy, leasehold, hire
Related Words
Rent, agreement, property, duration
Antonyms
Ownership, purchase, possession, acquisition
