n. 1.property that is leased or rented out or let 2.a contract granting use or occupation of property during a specified time for a specified payment 3.the period of time during which a contract conveying property to a person is in effect lease v. 1.let for money 2.hold under a lease or rental agreement 3.grant use or occupation of under a term of contract 4.engage for service under a term of contract
