What does lease mean?
lease
Plural: leases
Definition
An agreement allowing someone to use property for a specified period in exchange for payment.
Example sentences
We're hoping to renew our lease, but the owner hasn't replied.
We're hoping to renew our lease, but the owner hasn't replied.
Our lease expires next month, so we need to decide whether we're staying.
Our lease expires next month, so we need to decide whether we're staying.