lease

word

/ˈɫis/
lees
/lˈiːs/
lees

Definition

A lease is a legal agreement that lets someone use a house, car, office, or other property for a fixed period in exchange for payment. As a verb, it means to rent something to someone or to use something under that kind of contract.

Usage & Nuances

Common in legal, housing, car, and business contexts. 'Lease' is more formal and contract-focused than 'rent'. You can 'sign a lease', 'renew a lease', 'break a lease', or 'lease a car'. As a verb, the direction depends on context: a company can lease equipment to you, or you can lease equipment from a company.

Example Sentences

The lease ends in June.

basic

We signed a one-year lease for the apartment.

basic

Before you sign the lease, read the small print.

natural

We might lease a bigger office next year if the team keeps growing.

natural

My company leases cars for its employees.

basic

If we move early, we'll have to break the lease.

natural