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- The lease on my house has only a year to run .
- It is a lease of land for a substantial period .
- News of the leases leaked out at once .
- The lease expires in a month .
- The lease on our flat runs out in a few months .
Leasing is a process by which a firm can obtain the use of a certain fixed assets for which it must pay a series of contractual, periodic, tax deductible payments.