noun/verb · formal
lease
/liːs/LEASE
a legal agreement that lets someone use a property for a period of time in exchange for payment; to grant such an agreement.
Examples
“We signed a three-year lease on the shop.”
“They decided to lease the land rather than sell it.”
“The lease agreement clearly states the tenant's responsibilities.”
Band 8 sentence
“The firm opted to lease the premises on a long-term basis to avoid the upfront costs of buying commercial property.”
Collocations
- sign a lease
- lease agreement
- short-term lease
Word family
Common mistakes
She lease the office last month.→She leased the office last month.
We sign the lease yesterday.→We signed the lease yesterday.
Say it for a higher band
5rental agreement→6contract→7+lease
Synonyms
rental agreement
Easily confused
rent
“We decided to rent a car for the weekend.”
Related words
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In Hometown & Housing
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