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Leased: meaning, definitions and examples

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leased

 

[ liːst ]

Verb
Context #1 | Verb

real estate

To lease something means to allow someone to use an asset in exchange for payment. This transaction typically involves a legal agreement between the lessor (owner) and the lessee (tenant). Leasing is common in real estate, vehicle rentals, and equipment procurement. The lease agreement outlines the terms, duration, and responsibilities of both parties. Leased properties remain the property of the lessor, but the lessee has the right to use them as stipulated in the contract.

Synonyms

hired, let, rented

Examples of usage

  • She leased an apartment in the city.
  • The company leased new office space.
  • He leased his car for three years.

Translations

Translations of the word "leased" in other languages:

🇵🇹 arrendado

🇮🇳 किराए पर लिया हुआ

🇩🇪 vermietet

🇮🇩 disewa

🇺🇦 орендований

🇵🇱 wynajęty

🇯🇵 賃貸された

🇫🇷 loué

🇪🇸 alquilado

🇹🇷 kiralanmış

🇰🇷 임대된

🇸🇦 مؤجر

🇨🇿 pronajatý

🇸🇰 prenajatý

🇨🇳 租赁的

🇸🇮 najemljen

🇮🇸 leigður

🇰🇿 жалға алынған

🇬🇪 გაქირავებული

🇦🇿 kirayəyə verilmiş

🇲🇽 alquilado

Etymology

The word 'leased' derives from the Old French term 'louer', meaning 'to rent or lease'. This term can be traced back to the Latin 'locare', which translates to 'to place, set out, or assign'. Over time, the term evolved in English to specifically denote the act of granting someone the temporary use of an asset in exchange for payment. The legal concepts surrounding leasing and renting further developed through English common law, leading to the modern-day understanding of lease agreements. Today, leasing is a fundamental aspect of various industries, providing flexibility for individuals and businesses to access resources without the need for full ownership.

Word Frequency Rank

At #6,246 in frequency, this word belongs to advanced vocabulary. It's less common than core vocabulary but important for sophisticated expression.