Definition

A legal agreement that allows someone to use a property for a certain time in exchange for payment.

Example

They signed a lease for the apartment that lasts for one year.

Conversation

Have you signed the lease for your new apartment yet?

Not yet, I'm still reviewing the terms with the landlord.

I remember when I signed my first lease; it was so exciting!

Yeah, it's a big step! I hope mine goes smoothly too.

Synonyms & Antonyms

Definition

To allow someone to use a property or item for a specific period of time in exchange for payment, usually through a formal agreement.

Example

They decided to lease a new apartment for a year.

Tense Forms

Conversation

Did you decide to lease that apartment we looked at last week?

Yeah, I think it's a great choice for me.

That's awesome! How long do you plan to lease it for?

Root Explanation

Lease → It originates from Old French *laisser* (meaning to let or allow), which in turn comes from Latin *laxare* (meaning to loosen). The word 'lease' refers to the act of allowing someone to use property for a specified time in exchange for payment.

Memory Tip

Think of 'letting' someone use something — 'laisser' means to let, and that's why a lease is about allowing someone to use property.

Visually Confused Words