Lease

What is Lease?

Lease definition and meaning on Dictionary terms:
noun
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

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