1. rented or held under a lease agreement

1. past tense and past participle of lease; rented or granted the use of property for a specified period in exchange for payment

Examples

• They leased the apartment for two years.
• The company leased new office space downtown.
• She leased a car instead of buying one.
• The leased equipment must be returned in good condition.
• He drives a leased vehicle to save money.
• The leased property includes parking spaces.
• We leased the warehouse from a local developer.