Hi, can someone explain the meaning of the verb "lease" in detail?
So, when you lease a property, are you the original owner or the one who pays the money for it? I sensed a confusing contrast in the meaning earlier today in the following sentences.

He went to Toronto, where he leased an apartment.

She hopes to lease the building to students.

Question

Hi, can someone explain the meaning of the verb "lease" in detail?
So, when you lease a property, are you the original owner or the one who pays the money for it? I sensed a confusing contrast in the meaning earlier today in the following sentences.

He went to Toronto, where he leased an apartment.

She hopes to lease the building to students.

Answer

It can be used either way. The dictionary may say that the owner leases, but in everyday conversation we say "I am leasing this car" and "she leased that building"

Answer

Technically, to lease means you own the property and are allowing someone else to use it. However, it is sometimes used to mean 'to rent from someone else' for a set period of time.

Confusing, I know.

We also hear people colloquially saying "I'm going to rent (out) my apartment" - meaning allow someone to use it.

Same issue of a term being used in two different ways.