The meaning of LEASE is a contract by which one conveys real estate, equipment, or facilities for a specified term and for a specified rent; also : the act of such conveyance or the term for …

A lease is a contractual arrangement calling for the user (referred to as the lessee) to pay the owner (referred to as the lessor) for the use of an asset. [1] . Property, buildings and vehicles …

to grant the temporary possession or use of (lands, tenements, etc.) to another, usually for compensation at a fixed rate; let. She plans to lease her apartment to a friend. to take or hold …

Feb 15, 2025 · A lease is a legal document outlining the terms under which one party agrees to rent property from another party.

LEASE meaning: 1. to make a legal agreement by which money is paid in order to use land, a building, a vehicle, or…. Learn more.

A lease is a legal agreement under which someone pays money to another person in exchange for the use of a building or piece of land for a specified period of time.

A lease is a contract between two parties where one party, the lessor, allows the other party, the lessee, use of their property for a period of time in exchange for consideration, usually a …

An oral or written agreement (a contract) between two people concerning the use by one of the property of the other. A lease for more than one year must be in writing. A person can lease …

Definition of lease noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.

1. a contract conveying land, renting property, etc., to another for a specified period. 2. the property leased. 3. the period of time for which a lease is made: a five-year lease.