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Related to leased: lessee, subletting, subleased

a new lease of life

1. An occasion or opportunity for a renewed enjoyment in, enthusiasm for, or appreciation of one's life. Primarily heard in UK. After finding out that the tests came back negative for cancer, I feel as though I've been given a new lease of life! Mary's gotten a new lease of life ever since her daughter was born.
2. An extension or increase in the time in which something or someone can be useful or successful. Primarily heard in UK. Our company was given a new lease of life when we partnered with the global corporation. John's film got a new lease of life when his wealthy grandfather agreed to fund the rest of the production.
See also: lease, life, new, of

new lease on life

A new chance to happy, healthy, or successful after surviving a hardship. After the doctor declared that her cancer was in remission, Harriet felt like she had a new lease on life.
See also: lease, life, new, on

lease something back

to sell something, then rent it from the buyer. We sold the building to a real estate firm and then leased it back. There was some tax saving involved. We leased back the building.
See also: back, lease

lease something from someone

to rent something from someone. We decided to lease the building from the owner rather than buying it. The company always leases its cars from the dealership.
See also: lease

lease something (out) to someone

to rent something to someone. The company leases cars out to its customers. Can you lease this building to me for two years? Lease out only the first two floors.
See also: lease

new lease on life

Cliché a renewed and revitalized outlook on life. Getting the job offer was a new lease on life. When I got out of the hospital, I felt as if I had a new lease on life.
See also: lease, life, new, on

a new lease on life

also a new lease of life
an opportunity to be successful or happy after having experienced a series of difficulties The heart operation was a complete success and has given her a new lease on life.
See also: lease, life, new, on

give somebody a new lease of life

  (British & Australian) also give somebody a new lease on life (American)
if something gives someone a new lease of life, it makes them happy or healthy and gives them new energy after a period of illness or sadness The operation was such a success - it really has given her a new lease of life.
See also: give, lease, life, new, of

give something a new lease of life

to improve something that was old or old-fashioned so that it works better or looks better I've had that blue sofa re-covered and it's really given it a new lease of life.
See also: give, lease, life, new, of

new lease on life

A fresh start; renewed vigor and good health, as in Since they bought his store Dad has had a new lease on life. This term with its allusion to a rental agreement dates from the early 1800s and originally referred only to recovery from illness. By the mid-1800s it was applied to any kind of fresh beginning.
See also: lease, life, new, on

lease up

1. To fully lease some building: The housing agency leased up the new apartment building in record time. After the new building had been on the market for only one week, the real estate agent had leased it up. The retail spaces were leased up before construction even started.
2. To become fully leased: The new office building leased up in less than a week.
See also: lease, up

a new lease on life

An opportunity to improve one's circumstances or outlook.
See also: lease, life, new, on
References in periodicals archive ?
As your company grows, you may need to relocate the leased equipment to another location, subsidiary or other affiliated company in a distant city.
An option granting the lessee a right to (1) purchase the leased asset at a fixed or defined price other than fair value determined at the date of exercise or (2) receive any of the lessor's sales proceeds over a stipulated amount.
which Levin is currently repositioning, Ace Hardware leased 15,962 s/f of space that formerly housed an Acme supermarket.
leased 1,250 square feet, and Washington Pet took 7,715 square feet at Capitol Plaza in Bangor.
As part of our reset analysis, we also have begun the process of evaluating our decision to renew certain bundles of leased properties under the Master Lease Agreements.
a provider of employee benefits, has leased 56,152 SF at 120 White Plains Road.
This report has become the benchmark on which all other net leased reports are measured" says Randy Blankstein, President of Boulder Net Lease Funds.
There, the City had leased - or at a minimum, licensed - certain space to a day-care center.
This very specific reference should include an itemization of all equipment and/or a plan showing not only the space leased, but also the specific equipment to be installed and its location.
7 million square feet of space was leased in Fairfield County in 1998, down from 1997's exceptional activity level, but on par with 1996's total.
Waldbaum, an operator of a chain of supermarkets in the New York metropolitan area, leased space for one of its markets in the shopping center in Manhassett owned by Fifth Avenue of Long Island, the landlord.
At the end of lease, the customer has the option to purchase the leased equipment at a price that does not exceed the fair market value of the equipment.
A) The rent reserved by such lease, without acceleration, for the greater of one year, or 15 percent, not to exceed three years, of the remaining term of such lease, following the earlier of: (i) the date of the filing of the petition; and (ii) the date on which such lessor repossessed, or the lessee surrendered, the leased property; plus
Boulder Net Lease Funds, LLC, a leading national investor in net leased properties, announced today that it acquired a single tenant net leased building in Lenexa, Kansas leased to Sprint.
While the Park Avenue and Fifth/Madison segments performed well, Midtown as a whole had more space returned than leased in August.