n. 25B6; noun a 15-year lease : LEASEHOLD, rental/hire agreement, charter; rental, tenancy, tenure, period of occupancy.
lessor, lessee.
freehold.
25B6; verb
the film crew leased a large hangar : RENT, hire, charter.
they leased the mill to a reputable family : RENT (OUT), let (out), hire (out), sublet, sublease.