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long lease

British

noun

(in England and Wales) a lease, originally for a period of over 21 years, on a whole house of low rent and ratable value, which is the occupants' only or main residence. The leaseholder is entitled to buy the freehold, claim an extension of 50 years, or become a statutory tenant

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

He criticised the former prime minister for granting the UK a long lease over Diego Garcia - he said it was 200 years, though the publicised timeframe was an initial period of 99 years.

From BBC • Nov. 26, 2024

The biggest difference is the time frame: Rather than being tied to a years’ long lease, subscriptions give you the ability to “own” a car on a month-to-month basis.

From Slate • Dec. 2, 2017

He can make such flat rejections because, even though he doesn’t own his building, he holds an extremely long lease.

From Washington Times • Mar. 12, 2017

SOM had been hired by Larry Silverstein, the developer who bought a long lease on the towers in the summer of 2001, a few weeks before they fell, and they were still his architects.

From The Guardian • Jul. 30, 2011

"Yes; that's one way of doing it; only Bernstein had a long lease that expires—I'm not sure when it does expire—" he concluded, and the color deepened in his dark cheeks.

From Otherwise Phyllis by Gibson, Charles Dana

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023