Lease

usgb/liːs/
noun

A contract for renting something.

She signed a two-year lease on the apartment.
Visual representation of "lease" - A contract for renting something.

Often appears as...

  • sign a lease
  • break a lease
Definition 1 of 4
Visual representation of "lease"
LampPro Tip 1/3

Legal Binding

A lease is a legal document, breaking it can have consequences.

Illustration for Legal Binding
Before breaking your lease, check the penalty clause.
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Negotiable Terms

Terms in a lease can often be negotiated before signing.

Illustration for Negotiable Terms
You can negotiate the monthly payments before you sign the lease.
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Specific Conditions

Leases include specific conditions like maintenance responsibilities.

Illustration for Specific Conditions
The lease specifies who pays for apartment repairs.
Visual representation of the word "Lease"

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