Lēase1, n.
n. [Norm. Fr. lees, lez, O. Fr. lais, L. Lat. lessa. See infra.]
Sense 1. A demise or letting of lands or tenements to another for life, for a term of years, or at will, or for any less interest than the lessor has in the property, for a rent or compensation reserved.
Sense 2. The contract for such letting.
Sense 3. Any tenure by grant or permission; the time for which such a tenure holds good.
Our high-placed Macbeth Shall live the lease of nature. Shak.
Lease and release, a mode of conveyance of freehold estates, formerly common in England and in New York. Its place is now supplied by a simple deed of grant. Burrill. Warren’s Blackstone.