What is Lease?
Lease definition and meaning on Dictionary terms:
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.
the property leased.
the period of time for which a lease is made: a five-year lease.
verb (used with object), leased, leas