lease

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lease

1. a contract by which property is conveyed to a person for a specified period, usually for rent
2. the instrument by which such property is conveyed
3. the period of time for which it is conveyed

Lease

An agreement granting permission of a property for a specified time period, usually for a specific amount of rent, without transferring ownership.

lease

[lēs]
(industrial engineering)
Contract between landowner and another granting the latter the right to use the land, usually upon payment of an agreed rental, bonus, or royalty.
A piece of land that is leased.
(textiles)
A means of keeping warp threads in position during weaving and beaming by passing them alternately over and under a set of rods.

lease

A contract transferring the right of possession of buildings, property, etc., for a fixed period of time, usually for periodical compensation called rent.