The correct spelling of the phrase "more leased" is /mɔː lised/. The word "more" is spelled with an "e" at the end to indicate the long vowel sound /ɔː/, and the word "leased" is spelled with an "s" at the end to indicate that the verb is in the past tense. This phrase refers to something that has been rented out or leased more than once. Proper spelling is important to ensure clear communication and understanding in writing.