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Webster's English Dictionary

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. (Dryden.)
v. t. [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. ()
There were some [houses] that were leased out for three lives. (Addison.)
2. To hold under a lease; to take lease of; as, a tenant leases his land from the owner. ()
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; ()
2. The contract for such letting. ()
3. Any tenure by grant or permission; the time for which such a tenure holds good; allotted time. ()
Our high-placed Macbeth Shall live the lease of nature. (Shak.)
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. ()


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