LEASE

v. rent out property for a specified period of time, let; possess or occupy under the terms of a lease

n. contract which gives another the right to use or inhabit a property for a period of time in exchange for rent; period of time during which a lease is valid; property which is contracted to another

This page discusses periodic tenancies (i.e. weekly or monthly tenancies) and fixed-term tenancies for goods and real property. Other aspects of leasing are dealt with in the article on leasehold estates. See also Accounting for leases in the United States for relevant material on the system in the United States.
See more at Wikipedia.org...

Noun
1. property that is leased or rented out or let
(synonym) rental, letting
(hypernym) property, belongings, holding, material possession
(hyponym) car rental, hire car, rent-a-car, self-drive, u-drive, you-drive
(derivation) let, rent
2. a contract granting use or occupation of property during a specified time for a specified payment
(hypernym) contract
(derivation) rent, hire, charter, engage, take
3. the period of time during which a contract conveying property to a person is in effect
(synonym) term of a contract
(hypernym) time period, period of time, period
(derivation) rent, hire, charter, engage, take
Verb
1. let for money; "We rented our apartment to friends while we were abroad"
(synonym) rent
(hypernym) contract, undertake
(derivation) term of a contract
2. hold under a lease or rental agreement; of goods and services
(synonym) rent, hire, charter
(hypernym) contract, undertake
(derivation) term of a contract
3. grant use or occupation of under a term of contract; "I am leasing my country estate to some foreigners"
(synonym) let, rent
(hypernym) give
(hyponym) sublet, sublease
(derivation) rental, letting
4. engage for service under a term of contract; "We took an apartment on a quiet street"; "Let's rent a car"; "Shall we take a guide in Rome?"
(synonym) rent, hire, charter, engage, take
(hypernym) get, acquire
(derivation) term of a contract

v. read, view written letters and convert them into words which have meaning; convert written letters into spoken words; understand, comprehend; learn; interpret; take

(v. t.)
To hold under a lease; to take lease of; as, a tenant leases his land from the owner.
  

(v. t.)
To grant to another by lease the possession of, as of lands, tenements, and hereditaments; to let; to demise; as, a landowner leases a farm to a tenant; -- sometimes with out.
  

(v. t.)
The contract for such letting.
  

(v. t.)
Any tenure by grant or permission; the time for which such a tenure holds good; allotted time.
  

(v. t.)
A demise or letting of lands, tenements, or hereditaments to another for life, for a term of years, or at will, or for any less interest than that which the lessor has in the property, usually for a specified rent or compensation.
  

(v. i.)
To gather what harvesters have left behind; to glean.