LEASE Meaning and
Definition
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Lease is a legal agreement or contract between a lessor (property owner or landlord) and a lessee (property tenant or renter) that grants the lessee the right to use and occupy the property for a specified period of time in exchange for payment. It is a binding agreement that outlines the rights and responsibilities of both parties involved.
In a lease, the lessor grants the lessee exclusive possession and use of the property for a predetermined time, which is typically for months or years. The lessee agrees to pay a specified amount known as rent to the lessor at regular intervals during the lease term. The terms and conditions of the lease cover various aspects, including the amount of rent, duration of the lease, maintenance responsibilities, and any restrictions on the use of the property.
A lease provides legal protection to both parties involved. It ensures that the lessor receives consistent rental income while guaranteeing the lessee's right to use the property for the agreed-upon period. The lease agreement is enforceable by law and typically requires the lessee to adhere to certain rules and obligations, such as avoiding damage to the property and abiding by any applicable laws and regulations.
At the end of the lease term, the parties may choose to renew the lease or terminate the agreement as per the agreed-upon terms outlined in the original lease contract.
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• A letting of lands or houses for a certain number of years on certain conditions for a fixed rent; the contract of such letting.
• To let for a number of years.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Top Common Misspellings for LEASE *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for LEASE
Etymology of LEASE
The word "lease" originated from the Old French term "les" or "leis", which meant "contract" or "agreement". This Old French word ultimately evolved from the Latin word "laxare", which means "to loosen" or "to release". In the Middle Ages, "lease" initially referred to a legal document that granted the temporary use or occupation of property, after which it gradually came to represent the agreement itself.
Idioms with the word LEASE
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new lease on life
The idiom "new lease on life" refers to a fresh start, a renewed or revitalized outlook on life, and an opportunity to make positive changes or improvements. It implies a second chance or a new beginning that allows someone to leave behind past difficulties or obstacles and approach life with a renewed sense of hope, energy, and purpose.
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lease up
The idiom "lease up" refers to the situation when all the available rental units in a specific property or building are successfully rented out or leased to tenants. It means that there are no vacant units left to be occupied.
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a new lease on life
The idiom "a new lease on life" refers to an opportunity or chance to start fresh, often resulting in a renewed sense of purpose, vitality, or optimism. It implies a positive transformation or significant improvement in one's circumstances or outlook.
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a new lease of life
The idiom "a new lease of life" means a fresh opportunity, revitalization, or new chance to improve or start anew after a period of stagnation or decline. It refers to a rejuvenation or revitalization of a person, thing, or situation.
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lease sth (out) to sm
The idiom "lease sth (out) to sm" refers to the act of granting someone or a party the right to use or occupy a property or asset in exchange for periodic payments, commonly referred to as rent. It involves entering into a contractual agreement known as a lease, where the owner transfers the usage rights to another party for a specified period of time. This idiom can be used in relation to various assets, such as real estate properties, vehicles, equipment, or any other item that can be rented out for a specific duration.
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a new lease of (or on) life
The idiom "a new lease of life" or "a new lease on life" means a new opportunity, a fresh start, or a renewed energy and enthusiasm for life. It refers to a positive change or revitalization that allows someone to have a second chance or a new perspective on their circumstances. It implies a newfound zest or motivation to make the most of one's life or situation.
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give sth a new lease of life
The idiom "give something a new lease of life" means to make something old or tired look or seem new and fresh again. It implies reviving or rejuvenating something that has lost its original appeal or usefulness.
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lease something (out) to someone
The idiom "lease something (out) to someone" means to allow someone to use or rent property or assets for a specified period of time in exchange for regular payments or rent. It involves granting temporary possession or control of something, typically real estate or equipment, to another individual or business entity through a legally binding agreement known as a lease.
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lease something back
The idiom "lease something back" refers to the act of renting or leasing something that was previously owned or sold, with the agreement to continue using or occupying it after the sale. It involves a transaction in which the original owner becomes the tenant or lessee of the property or asset. This arrangement provides the owner with the advantage of utilizing the item while also receiving financial benefits from the lease.
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lease back
The idiom "lease back" refers to a financial transaction where a party, usually a company or individual, sells an asset (such as property or equipment) and then leases it back from the new owner. This allows the original owner to continue using the asset while obtaining immediate funds from the sale.
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lease sth back
The idiom "lease something back" refers to a financial arrangement in which a person or a company sells a property or an asset to someone else and then immediately rents or leases it back. This allows the original owner to continue using the property while also generating immediate cash flow.
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a lease of life
The idiom "a lease of life" refers to an extended or renewed opportunity to live, a chance to continue or improve one's existence, or a revitalization of energy and enthusiasm after a period of difficulty or decline. It implies a fresh start or a newfound sense of purpose.
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lease something from someone
The idiom "lease something from someone" generally refers to the act of renting or borrowing something from another person or entity for a specific period in exchange for payment or consideration. It implies that the item or property is not owned by the person who is leasing it, but they are given temporary possession and rights to use it, usually under mutually agreed terms and conditions.
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give a new lease of life
The idiom "give a new lease of life" means to revive or rejuvenate someone or something, often by giving them a fresh start or a renewed sense of purpose and energy. It implies bringing back vitality, enthusiasm, or hope to improve a person's or thing's overall well-being.
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a new lease on life, at a new lease of life
The idiom "a new lease on life" or "a new lease of life" refers to a fresh start or a second chance to live a more fulfilling and productive life. It suggests a revitalization or rejuvenation of one's circumstances, often leading to a more positive outlook and increased motivation.
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lease sth from sm
To "lease something from someone" means to rent or borrow something from someone for a specific period of time in exchange for regular payments or fees. It usually refers to agreements related to property or assets, where the lessor (the person or entity owning the property) grants the lessee (the person or entity renting it) the right to use or occupy it for an agreed-upon duration.
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give sb a new lease of life
The idiom "give someone a new lease of life" means to revive or rejuvenate someone, usually by providing them with a fresh opportunity or a positive change that improves their overall well-being and outlook. It implies that the person is offered a chance to start anew and experience a significant improvement in their circumstances or quality of life.
Similar spelling words for LEASE
- lees,
- leave,
- LEIS,
- lass,
- leechee,
- lechwe,
- tease,
- lessee,
- Leesa,
- leg,
- leases,
- Lecia,
- Leese,
- leech,
- -less,
- Les,
- Lege,
- leakey,
- Lesia,
- ease,
- Lessie,
- cease,
- less,
- Leeks,
- Leos,
- lewis,
- please,
- Lexie,
- leash,
- league,
- leek,
- Leisha,
- Lesa,
- louse,
- leisy,
- leaks,
- leask,
- lace,
- least,
- lose,
- LEAS,
- Leigha,
- lesser,
- lesch,
- laser,
- legs,
- leija,
- Legge,
- lesko,
- lesh,
- leake,
- lek,
- leased,
- Lex,
- Leisa,
- Lesha,
- loose.
Conjugate verb Lease
CONDITIONAL PERFECT
I
would have leased
you
would have leased
he/she/it
would have leased
we
would have leased
they
would have leased
I
would have lease
you
would have lease
he/she/it
would have lease
we
would have lease
they
would have lease
CONDITIONAL PERFECT PROGRESSIVE
I
would have been leasing
you
would have been leasing
he/she/it
would have been leasing
we
would have been leasing
they
would have been leasing
CONDITIONAL PRESENT
I
would lease
you
would lease
he/she/it
would lease
we
would lease
they
would lease
CONDITIONAL PRESENT PROGRESSIVE
I
would be leasing
you
would be leasing
he/she/it
would be leasing
we
would be leasing
they
would be leasing
FUTURE
I
will lease
you
will lease
he/she/it
will lease
we
will lease
they
will lease
FUTURE CONTINUOUS
I
will be leasing
you
will be leasing
he/she/it
will be leasing
we
will be leasing
they
will be leasing
FUTURE PERFECT
I
will have leased
you
will have leased
he/she/it
will have leased
we
will have leased
they
will have leased
FUTURE PERFECT CONTINUOUS
I
will have been leasing
you
will have been leasing
he/she/it
will have been leasing
we
will have been leasing
they
will have been leasing
IMPERATIVE
you
lease
we
let´s lease
to lease
PAST CONTINUOUS
I
was leasing
you
were leasing
he/she/it
was leasing
we
were leasing
they
were leasing
PAST PARTICIPLE
leased
PAST PERFECT
I
had leased
you
had leased
he/she/it
had leased
we
had leased
they
had leased
PAST PERFECT CONTINUOUS
I
had been leasing
you
had been leasing
he/she/it
had been leasing
we
had been leasing
they
had been leasing
PRESENT
I
lease
you
lease
he/she/it
leases
we
lease
they
lease
PRESENT CONTINUOUS
I
am leasing
you
are leasing
he/she/it
is leasing
we
are leasing
they
are leasing
PRESENT PARTICIPLE
leasing
PRESENT PERFECT
I
have leased
you
have leased
he/she/it
has leased
we
have leased
they
have leased
PRESENT PERFECT CONTINUOUS
I
have been leasing
you
have been leasing
he/she/it
has been leasing
we
have been leasing
they
have been leasing
PRESENT SUBJUNCTIVE
he/she/it
lease
SIMPLE PAST
I
leased
you
leased
he/she/it
leased
we
leased
they
leased
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