Definition of lease verb from the Oxford Advanced American Dictionary

     

    lease

     verb
    verb
    NAmE//lis//
     
    Verb Forms present simple I / you / we / they lease
     
    he / she / it leases
     
    past simple leased
     
    -ing form leasing
     
     
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  1. 1to use or let someone use something, especially property or equipment, in exchange for rent or a regular payment synonym rent
  2. 2 lease something We lease all our computer equipment. lease something from somebody They lease the land from a local farmer. lease somebody something A local farmer leased them the land. lease something (out) (to somebody) Parts of the building are leased out to tenants.
See the Oxford Advanced Learner's Dictionary entry: lease