Definition

Describing something that has been rented or transferred to someone else for a specific period of time according to a lease agreement.

Example

The leased car must be returned by the end of the month.

Conversation

Did you see the apartment we leased last week?

Yeah, it looks amazing!

I can't believe how quickly it got leased after the open house.

Right? It was such a good deal, too!

Synonyms & Antonyms

Definition

To have rented something, usually property or equipment, for a specific period of time in exchange for payment.

Example

They leased the apartment for a year before deciding to buy a house.

Tense Forms

Conversation

Did you hear that they leased the old theater downtown?

Really? That place has been empty for ages!

Yeah, I think they're planning to open a new art gallery there.

Root Explanation

Leased → It originates from the Old English 'leas', meaning free or not bound. The word 'leased' refers to the act of granting someone the right to use property or land for a specified time, thus making it free for the lessee to use.

Memory Tip

Think of 'free' ('leas') when remembering that 'leased' means someone is given the right to use something for a time, making it free for them to use.

Visually Confused Words