lease, rental, letting -- (property that is leased or rented out or let)
lease -- (a contract granting use or occupation of property during a specified time for a specified payment)
lease, term of a contract -- (the period of time during which a contract conveying property to a person is in effect)
Overview of verb lease
The verb lease has 4 senses
rent, lease -- (let for money; "We rented our apartment to friends while we were abroad")
rent, hire, charter, lease -- (hold under a lease or rental agreement; of goods and services)
lease, let, rent -- (grant use or occupation of under a term of contract; "I am leasing my country estate to some foreigners")
lease, rent, hire, charter, engage, take -- (engage for service under a term of contract; "We took an apartment on a quiet street"; "Let's rent a car"; "Shall we take a guide in Rome?")