prelease

[ pree-lees ]
/ priˈlis /

verb (used with object), pre·leased, pre·leas·ing.

to sign or grant a lease on (a building, apartment, etc.) in advance of construction: Agents have preleased more than 60 percent of the new building.

noun

a lease on a building, apartment, etc., that is offered or signed before construction has begun.

Nearby words

  1. prelate nullius,
  2. prelatic,
  3. prelatism,
  4. prelature,
  5. prelaunch,
  6. prelect,
  7. prelection,
  8. prelexical,
  9. prelibation,
  10. prelim

Origin of prelease


Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019