English

Definition of lease verb from the Oxford Advanced Learner's Dictionary

 

lease

 verb
verb
BrE BrE//liːs//
 
; NAmE NAmE//liːs//
 
Verb Forms present simple I / you / we / they lease
BrE BrE//liːs//
 
; NAmE NAmE//liːs//
 
he / she / it leases
BrE BrE//ˈliːsɪz//
 
; NAmE NAmE//ˈliːsɪz//
 
past simple leased
BrE BrE//liːst//
 
; NAmE NAmE//liːst//
 
past participle leased
BrE BrE//liːst//
 
; NAmE NAmE//liːst//
 
-ing form leasing
BrE BrE//ˈliːsɪŋ//
 
; NAmE NAmE//ˈliːsɪŋ//
 
Renting a home
 
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to use or let somebody use something, especially property or equipment, in exchange for rent or a regular payment synonym rent 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 related entries: Renting a home Word Origin late Middle English: from Old French lais, leis, from lesser, laissier ‘let, leave’, from Latin laxare ‘make loose’, from laxus ‘loose, lax’.
See the Oxford Advanced American Dictionary entry: lease