Conveyance of a leasehold estate from
the fee owner to a tenant; a contract where
one party pays the other rent in exchange for
possession of real estate. See: Gross Lease; Net
Lease; Percentage Lease; Land Lease.
Merriam-Webster Online Dictionary
lease (noun)1.
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 which it is made
2.
a piece of land or property that is - leased
3.
a continuance or opportunity for continuance - a new lease on life
transitive verb
1.
to grant by lease
2.
to hold under a lease hire
Merriam-Webster Online Thesaurus
lease (verb)1.
to give the possession and use of (something) in return for periodic payment
SYNONYMS:
lease, letRELATED WORDS:
charter, engage, hire; lodge; sublease, sublet; rack-rent2.
to take or get the temporary use of (something) for a set sum
SYNONYMS:
charter, engage, lease, rentRELATED WORDS:
sublease, sublet; check out; arrange (for), bespeak, book, contract (for), order, reserve, sign up (for)
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