lease   Pronunciation Key  (ls)

    1. A contract granting use or occupation of property during a specified period in exchange for a specified rent.

    2. The term or duration of such a contract.

  1. Property used or occupied under the terms of such a contract.

verb tr. leased, leas·ing, leas·es

  1. To grant use or occupation of under the terms of a contract.

  2. To get or hold by such a contract.