LEASE • DICTIONARY ONE.COM • Definition of Lease

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noun

Lease n.

The temporary transfer of a possession to another person in return for a fee or other valuable consideration paid for the transfer; especially, 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.

The contract for such letting.

Any tenure by grant or permission; the time for which such a tenure holds good; allotted time. "Our high-placed Macbeth Shall live the lease of nature."

Lease and release a mode of conveyance of freehold estates, formerly common in England and in New York. its place is now supplied by a simple deed of grant.

verb

Lease v. t. (past & past part. leased; pres. part. leasing)

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. "There were some (houses) that were leased out for three lives."

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

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

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Etymology of 'Lease'

Collaborative International Dictionary of English 0.48

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"Lease" Quotes from Famous Books

... the captain, as soon as they were in the cabin, "God bless you for this! You've started the poor fellows on a fresh lease of life. And done me more good, boy, than ever I did ...

— Steve Young • George Manville Fenn

... trip he took to the East. His father died about this time and left him fifty thousand dollars, with which he bought the Taurus, a mine in which several adventurous spirits had dropped small fortunes. He acquired other properties; a lease here, an interest there. It began to be observed that he bought always with judgment. He seemed to have the touch of Midas. Where other men had ...

— Ridgway of Montana - (Story of To-Day, in Which the Hero Is Also the Villain) • William MacLeod Raine

... the young man had slipped was close to a chapel placed between two columns and closed by an iron railing. It was customary for the chapter to lease at a handsome price to seignorial families, and even to rich burghers, the right to be present at the services, themselves and their servants exclusively, in the various lateral chapels of the long side-aisles of the cathedral. This simony is in practice to the present ...

— Maitre Cornelius • Honore de Balzac

... stocks we have two thousand a year, anyway, and we could pinch through on that till you got into some other business afterward, especially if we'd saved something out of your salary while it lasted. Basil, I want you to try it! I know it will give you a new lease of life to have a congenial occupation." March laughed, but his wife persisted. "I'm all for your trying it, Basil; indeed I am. If it's an experiment, you ...

— Henry James, Jr. • William Dean Howells

... U.S. 70 (1927). In Willing v. Chicago Auditorium Association, 277 U.S. 274 (1928) certain lessees desired to ascertain their rights under a lease to demolish a building after the lessors had failed to admit such rights on the allegation that claims, fears, and uncertainties respecting the rights of the parties greatly impaired the value of the leasehold. Because there ...

— The Constitution of the United States of America: Analysis and Interpretation • Edward Corwin

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