leasedhousing
nounUK /liːst ˈhaʊzɪŋ/
US /liːst ˈhaʊzɪŋ/
A home that someone pays money to use for a set time, like renting an apartment.
The family moved into leased housing near the school while they saved for a house.
OTHER MEANINGS
2. Housing provided to employees as part of a work contract.
The company offered leased housing to workers who relocated.
3. A building or unit occupied under a formal lease agreement.
All leased housing must meet local safety codes.
4. The practice or system of providing homes through leases rather than ownership.
Leased housing is common in big cities where buying is expensive.