<p><strong>Noun</strong></p><ul><li>a contract renting land, buildings, etc., to another;</li><li>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;</li><li>the property leased;</li><li>the period of time for which a lease is made: a five-year lease;</li></ul><p><strong>Verb</strong></p><ul><li>(used with object)<ul><li>leased, leasing: 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;</li><li>to take or hold by lease: He leased the farm from the sheriff;</li></ul></li><li>(used without object)<ul><li>leased, leasing: to grant a lease; let or rent: to lease at a lower rental;</li></ul></li></ul><p><strong>End of Response</strong></p>