lease


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Related to lease: Rental lease

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

a new lease on life

An occasion or opportunity for a renewed enjoyment in, enthusiasm for, or appreciation of one's life. After finding out that the tests came back negative, I feel as though I've been given a new lease on life! Mary's gotten a new lease on life ever since her daughter was born.
See also: lease, life, new, on

give a new lease of life

1. To give one occasion or opportunity for a renewed enjoyment in, enthusiasm for, or appreciation of one's life. A noun or pronoun can be used between "give" and "a." After finding out that the tests came back negative for cancer, I feel as though I've been given a new lease of life!
2. To improve or refurbish something that is worn or old. A noun or pronoun can be used between "give" and "a." That new engine has really given my car a new lease of life.
See also: give, lease, life, new, of

lease up

1. To grant the use or occupation of an entire building or premises under the terms of a lease. In this usage, a noun or pronoun can be used between "lease" and "up." An investment group bought the entire property, kicked out the previous tenants, and leased it up at much higher rates to foreign businesses. They managed to lease up the house after it had been on the market for less than a month.
2. To be granted use or occupation under the terms of a lease. How long do you think it will take for the house to lease up in the current market conditions?
See also: lease, up

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

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

a new lease of life

BRITISH, AMERICAN or

a new lease on life

BRITISH
COMMON If someone or something is given a new lease of life or a new lease on life, something makes them successful once again or improves their condition. The old oak table was another bargain, picked up for just £4 and given a new lease of life by Kim's mother. After a career as a comedian, he found a new lease of life as an actor. Swimming gave me a new lease on life — I found I had much more energy to do stuff. Note: Words such as another, fresh, or second are sometimes used instead of new. T-shirts and hats can be given a fresh lease of life with glass beads. Note: A lease is a contract by which you can rent property for a fixed period of time.
See also: lease, life, new, of

a new lease of (or on) life

a substantially improved prospect of life or use after rejuvenation or repair.
1997 BBC Vegetarian Good Food Give salads, sandwiches and jacket spuds a new lease of life with a spoonful of flavoured mayonnaise.
See also: lease, life, new, of

a (ˌnew) lease of ˈlife

(British English) (American English a (ˌnew) lease on ˈlife) a chance for somebody/something to live/last longer; a chance to get more enjoyment and satisfaction out of life: The successful heart operation gave him a new lease of life.The outside of the city hall has just been thoroughly cleaned and it’s given the old place a new lease on life.
See also: lease, life, of

lease up

v.
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 ?
An open-end lease usually is slightly less costly than the closed-end lease.
Before signing the lease, you must consider if you want an option to buy the equipment at the end of the lease term for a nominal price, a predetermined price or a price equal to the property's then-current fair-market value.
The IRS ruled that the payment schedule in the lease involved was an allocation of payments among time periods.
A high residual value is the principal reason why luxury earmakers such as Mercedes Benz can advertise monthly lease payments that seem so low.
Fitch's updated 'Auto Lease Asset-Backed Securities (ABS) Criteria' is available on the Fitch Ratings web site at www.
They contended, however, that Madison's conduct in repeatedly accepting late rent payments constituted a waiver of the rent payment provision of the lease that required payment to be made by the first of each month.
In Coulter, the taxpayer had transferred equipment leases to a bank in exchange for cash to expand its leasing business.
The SEC staff considered certain factors to determine whether these lease trasactions are, in substance, financings: construction risk; the special-purpose nature of the property; the use of a thinly capitalized SPE; and transfer of substantially all risks and rewards of ownership to the lessee.
Mike Jones, Vice President of Leasing and Marketing, commented that "The fourth quarter activity to retain tenants like Datatrac and to lease existing vacancy across the portfolio bode extremely well for us as we head into the first quarter of 2007.
Our survey indicates that most real estate executives involved in lease administration have a good distance to go when it comes to making the best use of technology," said Josh Leonard, Deloitte FAS partner and leader of its Lease Advisory Services practice.
28 says, for an operating lease, profit may be deferred up to the present value of the minimum lease payments.
Companies can no longer rely on disparate databases and spreadsheets to properly oversee real estate lease management," said Joe Pucciarelli of IDC, a leading global market intelligence and research advisory services company.
The law firm of McLaughlin, Piven, Vogel also expanded its existing lease.
Other highlights include Deutsche Bank, a financial service provider, extendeding its lease for 90,000 s/f at Harborside Financial Center Plaza 1 in Jersey City.
Under the agreement, AFG will be responsible for marketing CUSI's vehicle lease solution to other credit unions, as well as handle all proactive remarketing, disposition of lease vehicles at lease maturity, and provide residual value insurance.