GNU Collaborative International Dictionary of English

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Found 3 definitions

  1.       
    
    Lease , v. i. [AS. lesan to gather; akin to D. lezen to gather, read, G. lesen, Goth. lisan to gather; cf. Lith lesti to peck.] To gather what harvesters have left behind; to glean. [Obs.]
    Dryden.

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  2.       
    
    Lease , v. t. [imp. & p. p. Leased ; p. pr. & vb. n. Leasing.] [F. laisser, OF. laissier, lessier, to leave, transmit, L. laxare to loose, slacken, from laxus loose, wide. See Lax, and cf. Lesser.]
    1. To grant to another by lease the possession of, as of lands, tenements, and hereditaments; to let; to demise; as, a landowner leases a farm to a tenant; -- sometimes with out.
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      There were some [houses] that were leased out for three lives.
      Addison.

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    2. To hold under a lease; to take lease of; as, a tenant leases his land from the owner.
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  3.       
    
    Lease , n. [Cf. OF. lais. See Lease, v. t.]
    1. The temporary transfer of a possession to another person in return for a fee or other valuable consideration paid for the transfer; especially, A demise or letting of lands, tenements, or hereditaments to another for life, for a term of years, or at will, or for any less interest than that which the lessor has in the property, usually for a specified rent or compensation.
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    2. The contract for such letting.
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    3. Any tenure by grant or permission; the time for which such a tenure holds good; allotted time.
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      Our high-placed Macbeth
      Shall live the lease of nature.
      Shak.

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      Lease and release a mode of conveyance of freehold estates, formerly common in England and in New York. its place is now supplied by a simple deed of grant.

      Burrill. Warren's Blackstone.

      1913 Webster

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