lease
noun
a written contract for letting or renting a building, a piece of land or a piece of equipment for a period against payment of a fee
Example
to rent office space on a twenty-year lease
Usage
the lease expires next year or the lease runs out next year
the lease comes to an end next year
verb
to let or rent offices, land or machinery for a period
Examplesto lease offices to small firms
to lease equipment
to use an office, land or machinery for a time and pay a fee
Examplesto lease an office from an insurance company
All our company cars are leased.
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