lease

lease
lease1
—leasable, adj. —leaseless, adj. —leaser, n.
/lees/, n., v., leased, leasing.
n.
1. a contract renting land, buildings, etc., to another; a contract or instrument conveying property to another for a specified period or for a period determinable at the will of either lessor or lessee in consideration of rent or other compensation.
2. the property leased.
3. the period of time for which a lease is made: a five-year lease.
4. a new lease on life, a chance to improve one's situation or to live longer or more happily: Plastic surgery gave him a new lease on life.
v.t.
5. to grant the temporary possession or use of (lands, tenements, etc.) to another, usually for compensation at a fixed rate; let: She plans to lease her apartment to a friend.
6. to take or hold by lease: He leased the farm from the sheriff.
v.i.
7. to grant a lease; let or rent: to lease at a lower rental.
[1350-1400; ME les < AF (equiv. to OF lais, F legs legacy), n. deriv. of lesser to lease, lit., let go (equiv. to OF laissier) < L laxare to RELEASE, let go. See LAX]
Syn. 6. rent, charter, hire.
lease2
/lees/, n. Textiles.
1. a system for keeping the warp in position and under control by alternately crossing the warp yarn over and under the lease rods.
2. the order of drawing in the warp ends.
[1350-1400; ME lese length or coil of thread, var. of lesh LEASH]

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      a contract for the exclusive possession of property (usually but not necessarily land or buildings) for a determinate period or at will. The person making the grant is called the lessor (landlord and tenant), and the person receiving the grant is called the lessee. Two important requirements for a lease are that the lessee have exclusive possession (nonexclusive possession would call for a license) and that the lessor's term of interest in the property be longer than the term of the lease (a grant involving an equal term or period would comprise a conveyance or assignment, not a lease).

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Universalium. 2010.

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Synonyms:
(for a term of years)


Look at other dictionaries:

  • lease — 1 / lēs/ n [Anglo French les, from lesser to grant by lease, from Old French laisser to let go, from Latin laxare to loosen, from laxus slack] 1 a: a contract by which an owner of property conveys exclusive possession, control, use, or enjoyment… …   Law dictionary

  • lease — [lēs] n. [ME leas < Anglo Fr les < OFr lais < laissier: see LEASH] 1. a contract by which one party (landlord, or lessor) gives to another (tenant, or lessee) the use and possession of lands, buildings, property, etc. for a specified… …   English World dictionary

  • lease — lease; lease·less; lease·man; re·lease·ment; re·lease; sub·lease; …   English syllables

  • Lease — (l[=e]s), v. t. [imp. & p. p. {Leased}; p. pr. & vb. n. {Leasing}.] [F. laisser, OF. laissier, lessier, to leave, transmit, L. laxare to loose, slacken, from laxus loose, wide. See {Lax}, and cf. {Lesser}.] 1. To grant to another by lease the… …   The Collaborative International Dictionary of English

  • Lease — (l[=e]s), n. [Cf. OF. lais. See {Lease}, v. t.] 1. The temporary transfer of a possession to another person in return for a fee or other valuable consideration paid for the transfer; especially, A demise or letting of lands, tenements, or… …   The Collaborative International Dictionary of English

  • Lease — steht für: einen Vorgang beim Dynamic Host Configuration Protocol ein Rechtsinstitut im common law, siehe Landlord and tenant law Lease ist der Familienname folgender Personen: Rex Lease (1903–1966), US amerikanischer Schauspieler Siehe auch:… …   Deutsch Wikipedia

  • lease — ► NOUN ▪ a contract by which one party conveys land, property, services, etc. to another for a specified time, in return for payment. ► VERB ▪ let or rent on lease. ● a new lease of life Cf. ↑a new lease of life DERIVATIVES leasable ad …   English terms dictionary

  • Lease — (l[=e]z), v. i. [AS. lesan to gather; akin to D. lezen to gather, read, G. lesen, Goth. lisan to gather; cf. Lith lesti to peck.] To gather what harvesters have left behind; to glean. [Obs.] Dryden. [1913 Webster] …   The Collaborative International Dictionary of English

  • lease–up — n: the act or practice of finding or acquiring tenants Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Lease — (engl., spr. Lihs), 1) Verpachtung, Pachtgeld; 2) Pachtgeld von Gütern od. Grund u. Boden auf eine gewisse Zeit, um auf 99 Jahre Häuser darauf zu bauen, daher Leaseholder, so v.w. Pächter …   Pierer's Universal-Lexikon

  • Lease — Lease, Verpachtung einer Eisenbahn, meist auf eine Zeit von 99 oder 999 Jahren, ist eine in den Vereinigten Staaten von Amerika häufig vorkommende Form einer verschleierten Verschmelzung von Eisenbahngesellschaften. Die volle, tatsächliche und… …   Enzyklopädie des Eisenbahnwesens

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