landlease
nounUK /ˈlændliːs/
US /ˈlændliːs/
A landlease is a deal where someone pays to use a piece of land for a long time.
The farmer signed a landlease so he could grow crops on the field for twenty years.
OTHER MEANINGS
2. A legal agreement that lets a person rent land without owning it.
The landlease says the family must pay rent every year.
3. The right to use land for building or farming for a set number of years.
They got a landlease to build a small shop on the empty lot.
4. A payment made regularly for the use of land.
The landlease costs more now because the land is near the city.