Home & Housing

Lease

liːs

noun

What does Lease mean?

The rental contract for an apartment or house.

Example sentence

"Our lease is up in August."

American usage tip

Usually 12 months; read it before signing.

Related Home & Housing words

Security deposit
Money held by the landlord against damage.
Realtor
A licensed real estate agent.
Sump pump
A pump that removes water from basements.
Equity
The portion of your home you truly own.
Garbage disposal
A device in the sink that grinds food waste.
Tenant
The person renting a home.
Escrow
A neutral account holding funds during a transaction.
Landlord
The owner who rents property to you.

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