2
general::
lease
verbs
have/hold a lease
• Who has the lease on the flat?
take (out) a lease
(= start having a lease )
• He took a seven-year lease on the place.
renew a lease
(= keep a lease for a longer period of time )
• The company decided not to renew the lease on the office.
grant somebody a lease
(= let someone have a lease )
• The landlord may grant a lease for a short or long period.
sign a lease
(= agree to the legal details of a lease by signing it )
• He refused to sign the new lease because the rent was too high.
a lease runs
(= continues for a period of time )
• The lease will run for 21 years.
a lease runs out
( also a lease expires formal ) (= it stops )
• Their lease runs out in June.
adjectives
a short/short-term lease
• These flats are let on short leases to students.
a long/long-term lease
• We’re negotiating a long-term lease on the building.
a 20/30/40 etc year lease
• The company has acquired the building on a 30-year lease.
the current/existing lease
• The current lease still has 12 years to run.
lease + NOUN
a lease agreement
• The organization has signed a lease agreement on a 50-acre site.
a lease payment
• He is struggling to afford the lease payments on the office.
phrases
the terms of a lease
(= the legal details of it )
• Under the terms of the lease, the tenants have to pay for any repairs.
transnet.ir
3
general::
noun ADJ. long, long-term | short, short-term | ten-year, etc. | business, commercial | building, mining VERB + LEASE have, hold They've got a lease with five years to run. | draw up | acquire, buy, enter into, get, negotiate, obtain, sign, take (on/out/up) She has taken out a new ten-year lease on the flat. | grant (sb), sell (sb) A freeholder may grant a lease of any duration. | renew | forfeit, surrender They moved out and the lease was surrendered. | cancel, terminate | take over | transfer LEASE + VERB run The lease runs from April 19. | take effect | come up for renewal, expire, run out PREP. in a/the ~ a new clause in the lease | on a ~ The company holds the building on a long lease. | under a/the ~ Under the new lease, the rent would go up. | ~ of He took a lease of the premises. | ~ on The club has a 20-year lease on the property. PHRASES a clause in a lease, a condition of a lease, the length/period/term of a lease, a provision in a lease, the terms of the lease
Oxford Collocations Dictionary