Definition of "Lease" :

noun: a contract granting use or occupation of property during a specified time for a specified payment

noun: property that is leased or rented out or let

noun: the period of time during which a contract conveying property to a person is in effect

verb: engage for service under a term of contract

verb: grant use or occupation of under a term of contract

verb: let for money

verb: hold under a lease or rental agreement; of goods and services