B2nounformalhomemoney
US/liːs/
UK/liːs/
a legal agreement that lets you use a house, flat or land for a time if you pay rent
In context
We signed a one-year lease on a small flat near the university.
The café had to close when the landlord refused to renew its lease.
Read the lease carefully before you pay any deposit.
Words that go with lease
verb + noun
- sign a leaseYou have to sign a lease before you get the keys.
- renew the leaseThey decided to renew the lease for another two years.
noun + preposition
- lease onThe company took a ten-year lease on the building.
adjective + noun
- long leaseShops prefer a long lease so they can plan ahead.
noun + noun
- lease agreementThe lease agreement says we cannot keep pets.