leases
n. countablen. legal agreements that let you use a building, a car, or land for a specific amount of time in exchange for money.
n. legal contracts by which one party conveys land, property, or services to another for a specified time, usually in return for a periodic payment.
The company signed three new leases for office space this month.
Before moving into the apartment, the tenants carefully reviewed the terms of their individual leases to check the pet policy.
Commercial leases often include complex clauses regarding maintenance responsibilities and annual rent increases that differ significantly from standard residential agreements.
Commonly used with the verbs 'sign', 'renew', or 'terminate'.
I took a lease for two yearsI signed a lease for two yearsWhile you 'take out' a loan, you typically 'sign' or 'take on' a lease.