Definitions of lease:

noun: a contract granting use or occupation of property during a specified time for a specified payment
noun: property that is leased or rented out or let
noun: the period of time during which a contract conveying property to a person is in effect
verb: engage for service under a term of contract
verb: grant use or occupation of under a term of contract
verb: let for money
verb: hold under a lease or rental agreement; of goods and services
name: A surname (rare: 1 in 100000 families; popularity rank in the U.S.: #10744)