- lease
- lease1 W3 [li:s] n1.) a legal agreement which allows you to use a building, car etc for a period of time, in return for rentlease on▪ They took out a lease on a seven-acre field.▪ The landlord refused to renew his lease .▪ The 99-year lease expired in 1999.▪ Do you understand all the terms of the lease ?2.) a new lease of lifeespecially BrE a new lease on life AmEa) if something has a new lease of life, it is changed or repaired so that it can continue▪ Historic buildings can have a new lease of life through conversion.b) if someone has a new lease of life, they become healthy, active, or happy again after being weak, ill, or tired▪ an operation to give her a new lease of life▬▬▬▬▬▬▬COLLOCATES for sense 1take out a lease (=start having a lease)renew a lease (=start having a lease again after it has finished)a lease expires/runs out (=a lease stops)the terms of a lease (=the legal details in a lease)a long leasea short lease▬▬▬▬▬▬▬lease 2lease2 v [T][Date: 1300-1400; : Anglo-French; Origin: lesser, from Old French laissier 'to let go', from Latin laxare; LAXATIVE]1.) to use a building, car etc under a lease▪ I'm interested in leasing your cottage.lease sth from sb▪ They lease the site from the council.2.) also lease outto let someone use a building, car etc under a leaselease sth to sb▪ The building was leased to a health club.see usage note ↑rent1
Dictionary of contemporary English. 2013.