lease
/li:s/
Học thuậtThân thiện
Definition
Noun:
- A legal contract granting the right to use property for a specified period in return for payment: A "lease" is a binding agreement between an owner (lessor) and a user (lessee) for the temporary use of an asset, such as a building, land, or vehicle, for rent.
- The period of time such a contract is in effect: "Lease" can also refer to the duration covered by the rental contract.
Verb:
- To grant the temporary use of (property, equipment, etc.) to another in return for payment: This means to allow someone to use your property under the terms of a lease agreement.
- To hold or use (property) under the terms of a lease agreement: This means to occupy or use property by renting it from the owner.
Usage Examples
Noun:
- We signed a five-year lease for the office space.
- The apartment lease expires next month.
Verb:
- The company decided to lease its unused warehouse.
- They prefer to lease a car rather than buy one.
Advanced Usage
"To take/have a new lease of life" (idiom): To become more energetic, active, or successful again, as if starting a new life.
- After the successful surgery, she felt she had a new lease of life.
"To put out to lease": To make property available for renting.
- The landlord put the commercial unit out to lease.
"On a lease": Describes an arrangement governed by a lease contract.
- The equipment is provided on a lease.
Variants and Related Words
- Lessor (n): The owner who grants a lease.
- Lessee (n): The person who holds a lease; the tenant.
- Leasehold (n): The holding of property by lease.
- Sublease (n/v): A lease granted by a tenant to another party for part of the leased property or period.
Synonyms
- Noun: Rental agreement, contract, tenure.
- Verb: Rent, let, hire, charter.
Related Phrasal Verbs
- Lease out: To grant a lease for something.
- The factory owner decided to lease out the old building.
Related Idioms
- A new lease of life: A renewed vitality or opportunity for success.
- The refurbishment gave the old theater a new lease of life.
Noun
- the period of time during which a contract conveying property to a person is in effect
- a contract granting use or occupation of property during a specified time for a specified payment
- property that is leased or rented out or let
Verb
- engage for service under a term of contract
- We took an apartment on a quiet street
- Let's rent a car
- Shall we take a guide in Rome?
- grant use or occupation of under a term of contract
- I am leasing my country estate to some foreigners
- hold under a lease or rental agreement; of goods and services
- let for money
- We rented our apartment to friends while we were abroad