Rent
Part of speech: noun
Definition: A payment made by a tenant at intervals in order to occupy a property. A similar payment for the use of equipment or a service. A profit from possession of a valuable right, as a restricted license to engage in a trade or business. A tear or rip in some surface. A division or schism between two things.
Part of speech: verb
Definition: To occupy premises in exchange for rent. To grant occupation in return for rent. To occupy premises in exchange for rent.
Example sentence: An example of good debt is the debt on the apartment houses I own. That debt is good only as long as there are tenants to pay my mortgages. If tenants stop paying their rent, my good debt turns into bad debt.
Lease
Part of speech: verb
Definition: To operate or live in some property or land through purchasing a long-term contract (or leasehold) from the owner (or freeholder).To gather what harvesters have left behind; to glean.
Part of speech: noun
Definition: A contract granting use or occupation of property during a specified period in exchange for a specified rentThe period of such a contractA leasehold
Example sentence: BP had a lease to drill. They did not have a lease to pollute the Gulf of Mexico. They did not have a lease to blow oil into the environment. They did not have a lease to disperse the oil and try to hide the body. They don't have a lease to clean up.