English version

lease in Law topic

From Longman Dictionary of Contemporary Englishleaselease1 /liːs/ ●○○ noun [countable] πŸ”Š πŸ”Š 1 SCLBORROWa legal agreement which allows you to use a building, car etc for a period of time, in return for rentlease on πŸ”Š They took out a lease on a seven-acre field. πŸ”Š The landlord refused to renew his lease. πŸ”Š The 99-year lease expired in 1999. πŸ”Š Do you understand all the terms of the lease?2 β†’ a new lease of lifeCOLLOCATIONSverbshave/hold a leaseWho has the lease on the flat?take (out) a lease (=start having a lease)He took a seven-year lease on the place.renew a lease (=keep a lease for a longer period of time)The company decided not to renew the lease on the office.grant somebody a lease (=let someone have a lease)The landlord may grant a lease for a short or long period.sign a lease (=agree to the legal details of a lease by signing it)He refused to sign the new lease because the rent was too high.a lease runs (=continues for a period of time)The lease will run for 21 years.a lease runs out (also a lease expires formal) (=it stops)Their lease runs out in June.adjectivesa short/short-term leaseThese flats are let on short leases to students.a long/long-term leaseWe’re negotiating a long-term lease on the building.a 20/30/40 etc year leaseThe company has acquired the building on a 30-year lease.the current/existing leaseThe current lease still has 12 years to run.lease + NOUNa lease agreementThe organization has signed a lease agreement on a 50-acre site. a lease paymentHe is struggling to afford the lease payments on the office. phrasesthe terms of a lease (=the legal details of it)Under the terms of the lease, the tenants have to pay for any repairs.
Examples from the Corpus
leaseβ€’ The tenant holds under an agreement for a lease.β€’ Tissington however, did not hold on to his lease for very long.β€’ a six-month lease on an apartmentβ€’ For example some leases require the expert to receive submissions or evidence from the parties.β€’ That flexibility might involve the offer of a short-term agreement or a long-term lease with an appropriate break clause.β€’ Secondly, the purchaser will require the surveyor to assess potential liabilities under repairing obligations in the lease and in particular for dilapidations.β€’ Yaki, who was instrumental in negotiating the leases as an aide to Rep.renew ... leaseβ€’ He wanted a guarantee that he could renew the lease on expiry.β€’ A typical instance where a solicitor is needed is renewing the lease at the end of the tenancy.β€’ The landlord had not renewed Elgaen's lease, and he couldn't find a favorable north-end location in time.