A contract or agreement by which one party conveys land, property, services, etc., to another for a specified time, usually in return for a periodic payment.

The leasing agreement for the apartment was signed for a duration of one year.

(archaic, chiefly Scotland) Falsehood; the act of lying.

He was condemned for leasing against the crown.

leasingadjective

Relating to or involved in the activity or business of leasing.

The firm specialises in leasing solutions for heavy machinery.

leaseverb

To grant the temporary possession or use of (land, property, services, etc.) to another in return for payment.

The company decided to lease the office space to a startup for two years.

To take temporary possession or use of (land, property, services, etc.) from another in return for payment.

They decided to lease a car for their road trip instead of buying one.