Another Word For Lease

Meaning

The word "lease" refers to a legal agreement in which one party (the lessor) grants another party (the lessee) the right to use a property or asset for a specified period of time in exchange for payment, typically in the form of rent. This arrangement is common in real estate, where individuals or businesses can use a property without owning it outright.

Synonyms

• Rental agreement
• Tenancy
• Contract
• Hire
• Sublease

Antonyms

• Ownership
• Freehold
• Buy
• Possess
• Acquire

Etymology

The word "lease" comes from the Old French term "laisser," meaning "to let" or "to allow," which is derived from the Latin "licere," meaning "to be allowed." It has been used in English since the 14th century.

Examples

1. "We decided to lease an apartment for a year instead of buying one."
2. "The company leases new equipment to minimize upfront costs."
3. "After the lease expires, we can choose to renew it or move elsewhere."
4. "She signed a lease agreement before moving into her new office space."
5. "In some cases, it's more economical to lease a vehicle rather than purchase it."