Lease

1. The temporary transfer of a possession to another person in return for a fee or other valuable consideration paid for the transfer;
2. The contract for such letting.
3. Any tenure by grant or permission; the time for which such a tenure holds good; allotted time.
Lease and release
a mode of conveyance of freehold estates, formerly common in England and in New York. its place is now supplied by a simple deed of grant.