leasedproperty
nounUK /liːst ˈprɒpəti/
US /liːst ˈprɑːpərti/
A leased property is a place someone rents from its owner for a set time.
The family moved into a leased property near the park.
OTHER MEANINGS
2. A building or land held under a legal lease agreement.
The company's leased property includes two office floors.
3. An asset a business rents instead of buying.
The leased property appears on the company's balance sheet.
4. A home or shop someone uses by paying regular rent.
They ran the bakery from a leased property on Main Street.