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Pakistan flagMuhammad Kashif
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.

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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"
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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.

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