Leasable

[lees] /lis/

noun
1.
a contract renting land, buildings, etc., to another; a contract or instrument conveying property to another for a specified period or for a period determinable at the will of either or in consideration of rent or other compensation.
2.
the property leased.
3.
the period of time for which a lease is made:
a five-year lease.
verb (used with object), leased, leasing.
4.
to grant the temporary possession or use of (lands, tenements, etc.) to another, usually for compensation at a fixed rate; let:
She plans to lease her apartment to a friend.
5.
to take or hold by lease:
He leased the farm from the sheriff.
verb (used without object), leased, leasing.
6.
to grant a lease; let or rent:
to lease at a lower rental.
Idioms
7.
a new lease on life, a chance to improve one’s situation or to live longer or more happily:
Plastic surgery gave him a new lease on life.
/liːs/
noun
1.
a contract by which property is conveyed to a person for a specified period, usually for rent
2.
the instrument by which such property is conveyed
3.
the period of time for which it is conveyed
4.
a prospect of renewed health, happiness, etc: a new lease of life
verb (transitive)
5.
to grant possession of (land, buildings, etc) by lease
6.
to take a lease of (property); hold under a lease
/liːz/
noun
1.
(dialect) open pasture or common
n.

late 14c., “legal contract conveying property, usually for a fixed period of time and with a fixed compensation,” from Anglo-French les (late 13c.), from lesser “to let, let go,” from Old French laissier “to let, allow, permit; bequeath, leave,” from Latin laxare “loosen, open, make wide,” from laxus “loose” (see lax). Modern French equivalent legs is altered by erroneous derivation from Latin legatum “bequest, legacy.”
v.

late 15c., “to take a lease,” from Anglo-French lesser, Old French laissier “to let, leave” (see lease (n.). Related: Leased; leasing. Lessor, lessee in contract language preserves the Anglo-French form.

A contract that grants possession of property for a specified period of time in return for some kind of compensation.
see: new lease on life