a contract renting land, buildings, etc., to another; a contract or instrument conveying property to another for a specified period or for a period determinable at the will of either lessor or lessee in consideration of rent or other compensation.

the property leased.

the period of time for which a lease is made

a five-year lease.

to grant the temporary possession or use of (lands, tenements, etc.) to another, usually for compensation at a fixed rate; let

She plans to lease her apartment to a friend.

to take or hold by lease

He leased the farm from the sheriff.

to grant a lease; let or rent

to lease at a lower rental.

a new lease on life

a chance to improve one's situation or to live longer or more happily

Plastic surgery gave him a new lease on life.