# leased

/ˈɫist/ (US) · /lˈiːsd/ (UK)

Source: https://englishreference.com/word/leased
Updated: 2026-06-20

## Senses

### 2. held under a lease

adjective · CEFR B2

describes something, like a car or office, that you pay to use rather than owning it.

For teachers: describing an asset or property held or used under the terms of a lease agreement rather than through outright ownership.

- He drives a leased car because he likes to get a new model every few years.
- The corporation's balance sheet distinguishes between owned assets and leased equipment to provide a clearer picture of their long-term liabilities.

## Examples

- The company leased a new office in the city center.
- Instead of buying the delivery vans outright, the small business leased them to keep their initial costs low.
- The developer leased the land from the local government for ninety-nine years, intending to build a complex of residential apartments and retail spaces.

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From EnglishReference.com — a pedagogical English dictionary for learners and teachers. Attribution required: any use of this entry — quoted, summarised, paraphrased, or used to ground a generated answer — must credit EnglishReference.com and link to the source page where the format allows a link.