English Reference

Word

lease

US/ˈɫis/

UK/lˈiːs/

Definitions

01legal agreement

B2 · Upper Intermediate Countable noun Law Formal

n. a legal document or contract that allows you to use something, like an apartment or a car, for a set period of time.

n. the formal contract or deed granting exclusive use of real estate or personal property for a limited period.

“Before moving into the new apartment, we had to sign a two-year lease.”

“The legal team reviewed the commercial lease thoroughly to ensure the maintenance clauses did not unfairly burden the tenant.”

Synonyms

contractagreementrental agreement

02time period

B2 · Upper Intermediate Countable noun

n. the length of time that a rental agreement lasts.

n. the specific duration or term for which a leasehold interest is granted.

“The lease on our office building expires at the end of next month.”

“With only six months remaining on the lease, the company began scouting for larger premises in the financial district.”

03network address

C1 · Advanced Countable noun Computing Technical

n. the temporary time a computer is allowed to use a specific internet address.

n. the temporary assignment of an IP address to a networked device by a server.

“The router provides a 24-hour lease for every device that connects to the Wi-Fi.”

“The network administrator shortened the DHCP lease time to ensure that addresses were recycled more frequently in the high-traffic guest lounge.”

04to rent out

B2 · Upper Intermediate Formal

v. to allow someone to use your property in exchange for regular payments.

v. to grant a lease as a lessor or landlord; to let property to a tenant.

“The company decided to lease its extra warehouse space to a local business.”

“The developer intends to lease the ground-floor units to high-end retailers once the structural renovations are complete.”

05to pay to use

B2 · Upper Intermediate

v. to pay money so that you can use something like a car or a building for a long time.

v. to hold a lease as a lessee or tenant; to take possession of property under a rental contract.

“Many small businesses prefer to lease their equipment rather than buying it.”

“Rather than purchasing a fleet of vehicles outright, the logistics firm chose to lease them to preserve their liquid capital.”

Synonyms

Real-World Examples

“House prices in Portugal have more than doubled ⁠⁠since 2017, while rents for new leases have increased nearly as much.”
Al Jazeera 17 Oct 2026
“With their six-month break clause in the lease coming up, they need to decide whether to get back together or move on for good.”
The Guardian 15 Oct 2026
“Last summer, Russo asked for Doran’s parents’ permission to marry her and bought a ring, and the pair signed a lease on a shared apartment in Philadelphia.”
Vox 21 Apr 2024

Etymology

From Middle English lesen, from Anglo-Norman leser, Old French lesser, laisier (“to let, let go”), partly from Latin laxō (“to loose”) and partly from Old High German lāzan (“to let, let go, release”) (German lassen), cognate with Old English lǣtan (“to allow, let go, leave, rent”) whence let.

From Middle English lesen, from Old English lesan (“to collect, pick, select, gather”), from Proto-West Germanic lesan, from Proto-Germanic lesaną (“to gather”).

From Middle English lesen, from Old English lēasian (“to lie, tell lies”), from lēas (“falsehood, lying, untruth, mistake”).

From Middle English lese, from Old English lǣs (“meadow”), from Proto-West Germanic *lāsu (“meadow”). See also leasow.

From Middle English lesen, from Old English līesan (“to loosen, release, redeem, deliver, liberate”), from Proto-Germanic *lausijaną (“to release, loosen”).

From leash.

Etymology adapted from Wiktionary, available under CC BY-SA 4.0.

Domains

ComputingLaw

This entry

Exam level
CambridgeCambridgeCambridge English QualificationsThe exam suite from Cambridge University Press & Assessment, from A1 Movers up to C2 Proficiency. The benchmark names double as CEFR labels.B2 FirstIELTSIELTSInternational English Language Testing SystemThe 0–9 band test co-owned by the British Council, IDP, and Cambridge. Used for university entry, work, and migration.5.5–6.5TOEFL iBTTOEFL iBTTest of English as a Foreign Language, Internet-Based TestETS's academic English test, the standard route for US university admissions. Scored 0–120, with a 1–6 scale since 2026.1–6 scale: 4.0–4.572–94TOEICTOEICTest of English for International CommunicationETS's workplace English test, big in Japan and Korea. Listening & Reading scores 10–990 and tops out at C1.785–944
Frequency
Common
Level
B2 · Upper Intermediate
Updated

QR code

englishreference.com/q/lease

English Reference