Adjective "lease" definition and examples

(Lease may not be an adjective, but it can be used as an adjective, click here to find out.)

Pronunciation

/liːs/

Definitions and examples

noun

A contract by which one party conveys land, property, services, etc. to another for a specified time, usually in return for a periodic payment.
  1. 'They signed a five-year lease with an option to renew for five years, the summary said.'
  2. 'The site is held on a long-term lease at a peppercorn rent from the port.'
  3. 'The lease of the premises where the partnership practised was vested in the respondents as trustees for the partnership.'
  4. 'There is an option to renew the lease for a further period when it expires in September of this year.'
  5. 'The Judge heard that the applicant had taken a lease of the premises.'
  6. 'While each transaction has individually tailored lease terms, operating leases typically range 3-12 years in length.'
  7. 'He recommends negotiating a short-term lease that gives you options to acquire more space as needed.'
  8. 'If you're trading in a car, make sure the dealer applies the trade-in value to the price your lease is based on.'
  9. 'So the mining lease which is granted is in the form of a schedule.'
  10. 'Gross irregularity and corruption in granting the mining lease are involved.'

verb

Grant (property) on lease; let.
  1. 'He said the building could be leased to one large tenant or several smaller tenants.'
  2. 'Through this process, they would buy and lease back an entire building to its existing occupier.'
  3. 'The land was leased out for the construction of the hotel in 1970.'
  4. 'The remaining 4,000 square feet of space will be available to lease to other tenants, he said.'
  5. 'The city will then lease the track property back to Churchill for $1 a year.'
  6. 'The trust then leases its property long-term to farmers who use the land to grow food for the community.'
  7. 'Many absentee lords leased out their personal lands and the right to collect dues to rich tenant farmers.'
  8. 'The Lease or Buy Calculator is a tool designed to help in deciding whether to lease or buy business equipment.'
  9. 'Bury Council is leasing the building to the Fusiliers at a peppercorn rent and will be providing an annual funding grant of 30,000.'
  10. 'Keep in mind that most all-in-one office suites can be leased on a month-to-month basis.'
  11. 'He said it was too early to say what other retailers would lease space.'
  12. 'It has to repackage network capacity leased from established carriers.'
  13. 'It was leased from them by the Herbert family in the sixteenth century.'
  14. 'The bank owns some of the properties it occupies and leases others, and it is unclear whether it will rent or buy the Glasgow property.'
  15. 'The van is leased from City of York Council, which is in partnership with the association and is committed to using clean fuel.'
  16. 'There are also programs to help decide whether to rent or lease instead of own.'
  17. 'It must be a physical good that you have bought and not hired / leased etc.'

More definitions

1. a contract renting land, buildings, etc., to another; a contract or instrument conveying property to another for a specified period or for a period determinable at the will of either lessor or lessee in consideration of rent or other compensation.

2. the property leased.

3. the period of time for which a lease is made: a five-year lease. verb (used with object), leased, leasing.

4. to grant the temporary possession or use of (lands, tenements, etc.) to another, usually for compensa

More examples(as adjective)

"organizations can be lease for years."

"volumes can be lease."

"portfolios can be lease."

"outs can be lease."

"organizations can be lease."

More examples++

Origin

(lease)Late Middle English: from Old French lais, leis, from lesser, laissier ‘let, leave’, from Latin laxare ‘make loose’, from laxus ‘loose, lax’.

Phrase

a new lease of life