Part of speech: Verb
Phonetic transcription: /liːs/
Meanings: 1. To grant the temporary possession or use of something in exchange for payment. 2. To be in possession and use of property in exchange for payment.
Usage patterns: The word "lease" is commonly used in both written and oral contexts in English. It is a frequently used term, especially in legal documents, real estate agreements, and business transactions.
Verb forms: - Present: lease - Past: leased - Present continuous: leasing - Present perfect: have leased - Present perfect continuous: have been leasing - Past continuous: was leasing - Past perfect: had leased - Past perfect continuous: had been leasing - Future: will lease - Future continuous: will be leasing - Future perfect: will have leased - Future perfect continuous: will have been leasing - Gerund: leasing
Examples: 1. I'll lease the apartment for one year. (I'll rent the apartment for one year.) 2. The company decided to lease the equipment instead of purchasing it. (The company decided to rent the equipment instead of purchasing it.)
Idiomatic expressions: "Sign a lease": To enter into a contractual agreement to rent or lease a property or item. Example: They decided to sign a lease for the office space downtown.
"Break a lease": To end a rental or lease agreement before its specified end date. Example: They had to pay a penalty fee for breaking the lease on their apartment.
"Renew a lease": To extend or continue a rental or lease agreement for a further period. Example: They were happy to renew the lease for another year.
"Landlord-tenant lease agreement": A legal document outlining the terms and conditions of a rental or lease agreement between a landlord and a tenant. Example: They reviewed the landlord-tenant lease agreement before signing it.
"Long-term lease": A rental or lease agreement that extends over a longer period, typically for more than a year. Example: They opted for a long-term lease on the commercial property.
Etymology: The word "lease" originated from the Old French word "les," meaning "lease, letting."
Synonyms: - Rent - Hire - Charter
Antonyms: - Sell - Buy - Own